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Largest investment in Suriname history to usher in ‘new dawn’

OilNOW -
The GranMorgu Development is being seen as a historic milestone in Suriname’s oil and gas sector. “What seemed like a distant dream is becoming a reality,” said Annand Jagesar, Managing Director of state oil company Staatsolie.  According to Staatsolie, the name...
News

TotalEnergies makes final investment decision for historic deepwater project offshore Suriname

OilNOW -
Suriname President Chandrikapersad Santokhi promised prosperity for Surinamese, and a principle of leaving no one behind, as the final investment decision was made for the first-ever offshore oil development at Block 58.  "Our policy, and this should apply to any...
News

TT seals energy deal with Shell subsidiary for Block Modified U (c)

Shikema Dey -
Trinidad and Tobago's Ministry of Energy and Energy Industries (MEEI) has finalized a Production Sharing Contract (PSC) for Block Modified U(c) with BG International Limited (BGI), a subsidiary of Shell. The signing took place on 27th September 2024 at...
News

Pre-FEED work begins on Woodside Energy’s Calypso project offshore TT 

OilNOW -
Pre-FEED engineering work has commenced on Woodside Energy’s Calypso Project, located 220 km off Trinidad's coast in water depths of 2,100 meters. This development follows the completion of conceptual studies and the selection of an infield host as the...
News

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...
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A look back at 2024 milestones in Guyana’s oil and gas industry 

The year 2024 marked pivotal advancements in Guyana's oil and gas sector, cementing the country's position as a key...

OilNOW is a Resource Center founded and owned by Guyanese. OilNOW is an apolitical, non-partisan, privately owned agency that strives to ensure the highest degree of accuracy and balance.

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