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Staatsolie set to spend US$1.5B through 2027 with major focus on offshore development

OilNOW -
From 2022 through 2027, Suriname’s state oil company, Staatsolie, plans to expend an estimated US$1.5 billion as part of its Investment Program, the bulk of which will be for participation in offshore development. In its updated Strategic Roadmap, Staatsolie noted too that the...
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KOTUG acquires offshore support company, Seaways International

OilNOW -
KOTUG International B.V. said Thursday that it closed a deal to acquire SEAWAYS INTERNATIONAL (Seaways), a company that provides offshore support vessels for its clients. “The acquisition of Seaways brings together the assets, expertise and people of two leading companies...
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Noble, Maersk merger cleared by UK regulator

OilNOW -
Noble Corps.’ acquisition of Maersk Drilling has been given the greenlight after the United Kingdom Competition and Markets Authority (CMA) accepted the undertakings provided by Noble to resolve issues that could have resulted from the merger. The CMA had noted...
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24 Guyanese on 12-month course in Canada; to be deployed on Liza Unity on return

OilNOW -
A batch of 24 Guyanese trainee technicians attached to SBM Offshore are off to Canada for an oil and gas training programme to build their capacity and knowledge for integration into the country’s offshore operations. The certificate programme in Petroleum...
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First-ever sustainability guide for greener offshore operations launched by American Bureau of Shipping

OilNOW -
The American Bureau of Shipping (ABS) has introduced new detailed requirements for greener offshore operations in its first sustainability guide targeting the global offshore industry. ABS said the guide, developed by working with major offshore industry clients – like ExxonMobil,...
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Guyana can use regulations to address delayed payments to local companies – energy strategist

OilNOW -
With the use of Local Content Regulations, the Guyana Government can outline provisions that dictate shorter payment timelines by oil companies, says Trinidadian Energy Strategist, Anthony Paul. During an interview on radio programme, Guyana’s Oil and You, Paul shared that...
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Alessandro Puliti appointed new Saipem CEO

OilNOW -
With the sudden resignation of its Chief Executive Officer (CEO) Francesco Caio, Saipem has promoted energy industry veteran Alessandro Puliti to serve in the post. The Italian oilfield services company announced on Wednesday that Puliti will still serve in his...
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ExxonMobil adds third reservoir target to massive Uaru development

Shikema Dey -
ExxonMobil’s fifth Stabroek Block development – Uaru – is set to target three massive reservoirs, Uaru, Mako and Snoek, according to the final Terms and Scope for the project’s Environmental Impact Assessment, submitted to Guyana’s Environmental Protection Agency (EPA). The...
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FID at Suriname’s most prolific block not likely this year

OilNOW -
A final investment decision at Block 58 offshore Suriname could come in 2023, rather than later this year as was previously anticipated. Another drillship will move to the Sapakara field to drill a second appraisal well at Sapakara South, where...
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Schlumberger, Aker, Subsea 7 in JV to push efficiency, drive innovation in subsea production

OilNOW -
Schlumberger, Aker Solutions and Subsea 7 announced on Tuesday the launch of a new start-up venture meant to drive innovation and efficiency in subsea production by helping customers unlock reserves and reduce cycle time. Schlumberger, in the announcement, outlined that...
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ExxonMobil anticipates lower Q2 2025 earnings due weaker oil and gas prices

ExxonMobil expects lower crude and natural gas prices will weigh on its second quarter 2025 earnings, according to its...

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