News

QatarEnergy has signed an agreement with Chevron to acquire a 20% working interest in a production sharing contract for Block 5 offshore Suriname. Chevron, the operator, will retain a 40% interest, while Paradise Oil Company, an affiliate of Suriname’s...

Sispro Incorporated, a pioneering women-led indigenous energy company in Guyana, has appointed  Ayodele Dalgety-Dean as Chairwoman following its Annual General Meeting held on July 3, 2024. Dalgety-Dean is esteemed for her extensive background in social justice and dedication to...

TOTALTEC is seeking talented graduate engineers for its comprehensive 3-year apprenticeship program in Georgetown, Guyana. The company outlined that the program offers hands-on experience, multidisciplinary training, and a strong career foundation in the engineering industry. TOTALTEC teams up with Skills...

The development of new deepwater basins in Latin America and beyond presents significant growth opportunities for oilfield services giant SLB, according to Chief Executive Officer (CEO) Olivier Le Peuch. In a Friday conference call discussing the company's second-quarter earnings,...

DOF has announced several new contract awards with Petrobras and a 1st Tier EPCI-SURF Contractor in Brazil. The AHTS Skandi Jupiter and Skandi Mercury, managed by DOF, have been contracted by Petrobras to operate as AHTS 230t BP. This...

Offshore marine services company – Bourbon Guyana Inc. – now has seven vessels supporting oil and gas operations offshore in the Stabroek Block.  “The Bourbon Clear joins our local Bourbon Guyana fleet, increasing the number to 7 OSVs operating...

Halliburton announced a net income of US$709 million, or us$0.80 per diluted share, for Q2 2024. This marks an increase from Q1 2024, which saw a net income of US$606 million, or US$0.68 per diluted share, and an adjusted...

TotalEnergies Chief Executive Officer (CEO) Patrick Pouyanne envisions Namibia experiencing an oil boom similar to Guyana’s, a July 18 Bloomberg report read. TotalEnergies SE, Shell Plc and Galp Energia SGPS SA, have made significant offshore discoveries with an 80%...

Guyana’s Natural Resource Fund (NRF) could get way more revenue than projected in 2024, due to higher than expected oil production.  S&P Global projected 632,000 barrels per day (b/d) oil production for Guyana in 2024, a more than 60% growth...

The combined equity of the Guyana affiliates of ExxonMobil, Hess and CNOOC was US$18.6 billion at the end of 2023. This is a 52% increase from US$12.2 billion in the prior year, boosting the group’s capacity to respond to...