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TotalEnergies Suriname development to drive subsea tree demand for remainder of 2024

OilNOW -
TotalEnergies’ Block 58 development offshore Suriname is set to play a key role in driving subsea tree demand for the remainder of 2024, according to Westwood Global Energy group.  The project will involve drilling around 30 wells over 2.5...
News

Staatsolie looking at options to secure over US$1.8 billion for Suriname’s first deepwater project

Shikema Dey -
Staatsolie, Suriname’s state oil firm, has announced plans to issue bonds in 2025 as part of its strategy to finance participation in the first offshore oil production field in Block 58. The company is entitled to a maximum 20%...
Exploration

Staatsolie targeting offshore bid round every year – Managing Director 

Shikema Dey -
Suriname’s state oil company Staatsolie plans to host an auction for every year until all of its offshore acreage is under contract.  Its Managing Director, Annand Jagesar, disclosed this to OilNOW in an exclusive interview at its headquarters in Suriname’s...
News

Unmet expectations about jobs could impact support for Suriname’s first deepwater development – ESIA

OilNOW -
With TotalEnergies starting the groundwork for Suriname’s first offshore oil development, the company in its environmental and social impact assessment (ESIA) underscored the importance of the country being realistic with its local content targets.  “Unmet expectations about employment opportunities may...
News

TotalEnergies could potentially subscribe to Guyana-based capping stack service for its first development offshore Suriname

Shikema Dey -
Paramaribo Suriname - With Guyana now having a capping stack in country, TotalEnergies is considering a subscription as plans progress for Suriname’s first offshore development.  TotalEnergies Vice President - Health, Safety, Security, and Environment, Simon Byrne, confirmed this on Aug. 28...
News

bpTT pursuing Coconut Gas development

OilNOW -
bp Trinidad and Tobago (bpTT) and EOG Resources Trinidad Limited (EOG) have announced a joint venture to develop the Coconut gas field, located off the southeast coast of Trinidad in the Columbus Basin.  The partnership, structured as a 50/50 joint...
News

Guyana surpasses Trinidad in hydrocarbon production 

Kemol King -
Guyana now produces more hydrocarbons in the Caribbean region than veteran producer Trinidad and Tobago (TT).  Data from TT's Ministry of Energy and Energy Industries shows oil and condensate production of 50,246 barrels per day (b/d) in the first four...
News

TotalEnergies to hold stakeholder meeting for Suriname’s first deepwater development

OilNOW -
Total Energies EP Suriname B.V. will host a stakeholder meeting on August 28, from 9:00 AM to 11:00 AM, at the Royal Ballroom Torarica in Paramaribo, a notice outlined.  The meeting will be conducted in Dutch, with English slides, and...
News

Suriname to come up with US$1.8 billion for stake in Block 58 project

Shikema Dey -
Suriname’s state oil company Staatsolie is set to plug US$1.8 billion in the nation’s first offshore oil project, according to the company’s 2023 annual report.  Staatsolie could participate with up to 20% stake in the Block 58 field development. Its...
News

Maduro declared winner but opposition says it won 70% of the vote

OilNOW -
(Al Jazeera) Nicolas Maduro, 61, has been declared the winner in Venezuela’s presidential election by the electoral authority, setting up a high-stakes showdown that will determine whether the South American nation transitions away from one-party rule. Opposition leader Maria Corina...
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ONE GUYANA FPSO completes final module lifts at Seatrium Yard

SBM Offshore announced today that the ONE GUYANA floating, production storage and offloading vessel has completed its final module...

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