Eco (Atlantic) Oil & Gas Ltd. has completed a farm down of its 13.75% interest in Block 3B/4B offshore South Africa. The transaction involved the transfer of operatorship to TotalEnergies following regulatory approval. Eco Atlantic now holds a 6.25%...

UK-based CRP Subsea has been awarded a “major” contract from an unnamed “leading energy technology company,” for an offshore oil field project located approximately 200 kilometers off the northern coast of Guyana. The announcement was made by AIS, CRP Subsea’s...

Guyana Shore Base Inc. (GYSBI), in collaboration with Muneshwers Limited and its Joint Venture partners, has hired 76 individuals on the spot during a job fair held at the Everest Cricket Club. The event was part of a broader...

Crude oil production at the ExxonMobil-operated Stabroek Block decreased significantly in July due to temporary shutdowns at the Liza field. Government data shows output at 427,000 barrels per day (b/d) in July, down 34% from 644,000 b/d in June. Monthly...

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...

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...

Guyana will be producing oil for decades to come. A series of deepwater development projects being executed by U.S. oil major ExxonMobil is rapidly transforming the South American country, catapulting it from a non-producer less than five years ago,...

TotalEnergies expects to start drilling wells for Suriname’s Block 58 development by the first quarter of 2026, according to the environmental and social impact assessment (ESIA) submitted to the National Institute for Environment and Development in Suriname (NIMOS).  ...

TechnipFMC is expected to supply 400 subsea trees in the period 2024-2029, with 35% for ExxonMobil’s developments in Guyana. Highlighting this in an August 12 release, Rystad Energy indicated that Guyana and Brazil will account for 57% of the supply...

Guyana has finalized its new model Production Sharing Agreement (PSA) with no changes to the fiscal terms introduced on March 14 during the country’s first oil blocks licensing round. The new PSA, which mandates a 10% royalty rate and...