News

Total Energies EP Suriname B.V. will host a stakeholder meeting on August 28, from 9:00 AM to 11:00 AM, at the Royal Ballroom Torarica in Paramaribo, a notice outlined.  The meeting will be conducted in Dutch, with English slides, and...

ExxonMobil's expanded operations are set to boost subsea tree installations in 2024, with a projected 12% contribution, according to Rystad Energy. This surge follows Equinor, which accounted for 17% of total subsea tree installations this year. Exxon's focus is...

ODITC the collaborative venture of 3t EnerMech, Orinduik Development Incorporated, and Windsor Technologies plays a crucial role in enhancing the search and rescue (SAR) capabilities of Guyanese personnel in the offshore industry. The company supports the OMNI SAR training...

TGS, a leading provider of energy data and intelligence, has initiated the PAMA 3D Phase 1 Survey in Brazil's Equatorial Margin, covering 19,343 square kilometers and more than 25 future exploration blocks in the Pará-Maranhão Basin. This basin is...

Guyana will be producing oil for decades to come. A series of deepwater development projects being executed by U.S. oil major ExxonMobil is rapidly transforming the South American country, catapulting it from a non-producer less than five years ago,...

Guyana’s Natural Resource Fund (NRF) received more than US$268 million in July from oil sales and royalties. The Fund received US$101.1 million (GY$21.1 billion) in royalties for crude oil produced and sold in the second quarter. Guyana has received three...

TotalEnergies expects to start drilling wells for Suriname’s Block 58 development by the first quarter of 2026, according to the environmental and social impact assessment (ESIA) submitted to the National Institute for Environment and Development in Suriname (NIMOS).  ...

TechnipFMC is expected to supply 400 subsea trees in the period 2024-2029, with 35% for ExxonMobil’s developments in Guyana. Highlighting this in an August 12 release, Rystad Energy indicated that Guyana and Brazil will account for 57% of the supply...

Hess Corporation is on the hunt for a new partner in Suriname’s Block 59 and has until July next year to secure one, according to the timeline set by state oil firm Staatsolie.  “Attracting a partner must be seen against...

SLB has successfully increased the Rate of Penetration (ROP) by 65% in ExxonMobil's “most complex offshore Guyana trajectory”, saving 34 hours of drilling time. The achievement was made possible through the combination of the AccuStrike bit and the PowerDrive...