News

Subsea7 said it was awarded four long-term day-rate contracts from Petrobras, for pipelay support vessels (PLSVs) commencing in 2025. The contracts have a combined value of over US$1.25 billion and will be recorded in the backlog in the second quarter. The...

Paramaribo, Suriname: The fourth Suriname Energy, Oil & Gas Summit (SEOGS) returns this week from June 4-7 in Paramaribo under the theme; “The Next Stage of Success”. The host remains Suriname’s state oil firm, Staatsolie. The event will be held...

With Mexican crude exports expected to decline, a fierce competition is emerging between the U.S. and Europe for Guyanese oil, global trade data and analytics firm Kpler said.  Kpler analyst Matt Smith, quoted in a May 29 Argus Media article,...

An International Monetary Fund (IMF) team, led by Ana Corbacho and Daniel Leigh, conducted discussions with Brazilian authorities and stakeholders for the 2024 Article IV Consultation from May 15-27, 2024. The IMF issued a statement highlighting Brazil's economic resilience...

Saipem is set to take over the latest generation heavy lift pipelay vessel, JSD6000, in June. The company said the vessel, built by Chinese state-owned port and naval machinery manufacturer ZPMC, had its completion ceremony at ZPMC’s Changxing base. The...

ExxonMobil Guyana said it will host a June 19 virtual session for feedback on its Requests for Information (RFI) issued during July-December 2023.  The meeting will include an explanation of its RFI process, feedback on responses to the RFIs, and...

SBM Offshore marked its 11th annual Life Day on May 28, focusing on hand safety and overall workplace wellbeing. The event, themed “Every day is Life Day,” was celebrated globally and included a gathering at the Guyana Marriott Hotel. Martin...

Subsea7 has been awarded a super-major contract by Petrobras for the Búzios 9 field development. The field is located approximately 180 kilometers off the coast of Rio de Janeiro, Brazil, at a water depth of 2,000 meters in the...

Guyana Vice President Bharrat Jagdeo said draft oil spill legislation will be ready soon. “Within a week, we'll get the draft for the environmental spill legislation to ensure that we safeguard the country, fortify it with a law that forces...

Trinidad and Tobago's Minister of Energy and Energy Industries, Stuart Young, said the country is advantaged in terms of its ability to attract investment in gas exploration and development, due to its established gas infrastructure. During an early May...