Aker Solutions, SLB, and Subsea 7 have successfully concluded their proposed transaction to establish a transformative subsea joint venture, unveiling the new entity under the name "OneSubsea." In an official statement issued on Oct 2, the companies announced that...
TotalEnergies has some marginal targets remaining on Block 58, which could be used as tiebacks to its first Suriname oil development. However, the company's Chief Executive Officer, Patrick Pouyanne, says exploring those is not a priority, as 14 wells...
TotalEnergies EP Angola Block 20 has finalised the sale of a stake in a valuable Angola block to PETRONAS ANGOLA E&P LTD (PAEPL), a company belonging to the PETRONAS group of companies.
Petronas has paid US$400 million for a 40%...
ExxonMobil Guyana has commenced exploration drilling operations at the Bluefin-1 well site, situated within the Stabroek Block of Guyana's Exclusive Economic Zone, as announced by Guyana's Maritime Administration Department. This move comes as part of the company's vigorous exploration...
Amid escalating tensions with Venezuela over offshore oil blocks and territorial claims, Joel Bhagwandin, a researcher and financial analyst, has underscored the critical importance of Guyana deepening its relations with the United States (US) and other allies to safeguard...
The Board of Directors of Brazil's National Petroleum Agency (ANP) has given its approval to the geological and economic studies of three exploratory blocks situated in the pre-salt region of the Santos Basin. These blocks, known as Amazonita, Safira...
TotalEnergies has confirmed its commitment to the massive oil development project in Block 58 off the coast of Suriname, with Chief Executive Officer (CEO) Patrick Pouyanne announcing the company’s plans to shoulder a portion of APA's CAPEX for the...
The Trinidad and Tobago Manufacturers Association (TTMA) has announced a trade mission to Guyana from October 3 to 7, 2023. The mission, led by TTMA's President, Roger Roach, aims to fortify ties between the two Caribbean Community (CARICOM) nations...
In the wake of rapid economic growth, Guyana is witnessing its highest-ever electricity generation and demand. According to a September 29 notice from Guyana Power and Light Inc. (GPL), the Demerara-Berbice Interconnected System (Guyana’s central grid system) recorded a...
TechnipFMC has announced that it has been awarded a substantial contract to provide flexible pipes to Petrobras for use in the pre-salt fields located offshore Brazil. In TechnipFMC's terms, a "significant" contract typically falls within the range of US$75...
