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Norway subsea firm enters agreement with Suriname oil & gas regulator

OilNOW -
Norway-based subsea service provider, Argeo, has entered into an eight-year agreement for acquisition, processing and sales of multi-client data in Suriname with state oil firm, Staatsolie. The execution of the agreement will be performed in several phases over the contract...
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Libra Consortium announces first oil at third FPSO in Brazil pre-salt

OilNOW -
Shell Brasil Petróleo Ltda. (Shell Brasil), a subsidiary of Shell plc, announced on Thursday the start of production of the floating production storage and offloading facility (FPSO) Marechal Duque de Caxias in the Mero field, in the pre-salt area...
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Guyana, Suriname to remain engaged on potential gas collaboration

OilNOW -
South American neighbours Guyana and Suriname are emerging as key regional players in the oil and gas industry with growing discoveries off their coasts and multiple projects on the horizon. Three are already in production on the Guyana side...
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Moody’s upgrades Suriname’s credit rating amid offshore oil boom expectations

OilNOW -
Moody's Ratings has upgraded Suriname's long-term local and foreign-currency issuer ratings from Caa3 to Caa1. The outlook is now positive, reflecting the anticipated economic benefits from a significant offshore oil project. This change is driven by TotalEnergies' recent decision...
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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...
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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...
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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...
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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...
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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...
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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%...
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More Guyanese technicians graduate from FacTor training program 

SBM Offshore Guyana’s Trainee Technician program churned out another 24 Guyanese graduates, who are now one step closer to...

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