High impact exploration drilling is expected to remain stable in 2025, with 65-75 wells targeted for completion, compared to 69 in 2024. In this regard, South America could see 17 of these wells being drilled, making it the busiest...
Suriname’s President Chandrikapersad Santokhi says the country must reject complacency and a culture that tolerates mistakes as it prepares for its first offshore oil development.
“As a nation, we must reject the mentality that accepts mistakes and shortfalls as usual,”...
Suriname state oil company Staatsolie has launched a bond to come up with “at least” US$250 million and EURO 50 million for its participation in the TotalEnergies-led Gran Morgu development in Block 58.
The company stated that the bond will...
A ruling has been issued in the dispute between the Government of Guyana and Gas-to-Energy contractor, Lindsayca/CH4. The matter was referred to the Dispute Avoidance and Adjudication Board (DAAB) on September 19, 2024.
In a statement on Monday, the Office...
ExxonMobil Guyana has awarded a contract to energy technology company Baker Hughes to supply specialty chemicals and related services to its Uaru and Whiptail offshore greenfield developments in Guyana’s Stabroek block.
Baker Hughes said the multiyear contract includes all topsides,...
Petrobras ended 2024 with a proven reserve of oil, condensate, and natural gas estimated at 11.4 billion, according to the Securities and Exchange Commission (SEC) regulations.
Of the total, 85% account for oil and condensate while the remaining 15% accounts...
Darren Woods, Chair and Chief Executive Officer of ExxonMobil, says the Yellowtail project could begin production in the third quarter of 2025.
During Exxon’s 2024 earnings call, Woods said, "the team managing the Guyana development continues to demonstrate project after...
Paramaribo, Suriname - The world cannot rely solely on renewable energy to power its future, as hydrocarbons remain essential for energy security and industrialization, says NJ Ayuk, Executive Chairman of the African Energy Chamber. Speaking at the Suriname Awareness...
The Guyana government has set a target in its 2025 plan to issue two petroleum licenses. According to Vickram Bharrat, the Minister of Natural Resources, one of these could potentially be for natural gas.
“The two that are expected to...
The Ministry of Energy and Energy Industries (MEEI) has awarded Production Sharing Contracts (PSCs) for Blocks NCMA 4(a) and Lower Reverse L to EOG Resources Limited. The contracts were signed on January 29, by Stuart Young, the Minister responsible.
The...