Regional

Siemens awarded EPC contract for South America FPSO

Siemens Energy said Friday it was awarded a topside EPC contract by MISC Berhad for eight complete topside modules that will provide sustainable, efficient, and environmentally friendly power generation, transmission, and distribution, as well as gas processing and compression...

Development of mega Guyana-Suriname shore base facility must be pursued – Staatsolie boss

With Guyana and Suriname poised for significant expansion in their offshore oil exploration and production activities, the need for adequate shore base facilities will become more pressing and therefore needs to be urgently addressed. This point was raised on...

Disappointment for Tullow as Suriname well fails to deliver commercial crude

Tullow Oil said on Thursday the Goliathberg-Voltzberg North (GVN) exploration well, drilled in Block 47, offshore Suriname, has reached total depth and encountered good quality reservoir but only minor oil shows. The Stena Forth rig drilled the GVN prospect to...

Guyana discoveries redefining Caribbean region’s oil potential – Dr. Anthony Bryan

With 18 discoveries offshore Guyana equating to nine billion barrels of recoverable oil resources, the record-making results of oil exploration in the South American country has resulted in the re-examination of the Caribbean region as an oil-rich area. This is...

PEMEX discovers billion-barrel oil field in Mexico

(Bloomberg) --Petroleos Mexicanos (PEMEX) discovered what’s expected to be a billion-barrel oil field in Tabasco as it aims to reverse a decade and a half of sinking production. The new field at the southern part of the Gulf of Mexico,...

Total-Apache FID for Suriname Block 58 expected this year – analyst

Total and Apache are expected to make their Final Investment Decision (FID) to develop oil fields at Block 58 offshore Suriname later this year in what experts say could be the second fastest ramp up in oil production activities...

Tullow plans to ‘unlock value’ from Guyana oil block, Suriname well results expected soon

Tullow Oil said on Wednesday it is working with its partners offshore Guyana to develop plans for unlocking value from the Kanuku licence. The company also announced that drill results from the Goliathberg-Voltzberg North well at Block 47 in...

Deeper probe of Keskesi East-1 encounters ‘substantial pressure’, Noble drillship released

APA Corporation (Nasdaq: APA) and Total S.A. (NYSE: TOT) today updated the operational status of the Keskesi East-1 discovery well offshore Suriname. As announced on Jan. 14, 2021, Keskesi East-1 discovered oil, volatile oil and condensate in the Upper Cretaceous-aged...

Total confirms plans underway to deliver first oil at Suriname Block 58 by 2025

French oil major total has confirmed that plans are underway to begin developing oil fields at Suriname’s Block 58 as early as 2025, around five years after the first major discovery was made at Maka Central-1, mirroring the rapid...

Resource potential of Guyana-Suriname basin exceed 18 billion boe – ExxonMobil

The resource potential of the Guyana-Suriname basin where ExxonMobil has to date made a total of 19 discoveries (18 in Guyana and 1 in Suriname) is estimated to contain more than 18 billion barrels of oil equivalent resources, the...

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Staatsolie, Suriname tax office launch three-year program to strengthen oil and gas oversight

Staatsolie Maatschappij Suriname N.V. and Suriname’s Tax Department have launched a three-year capacity-building program to strengthen tax and customs...