With planning underway for TotalEnergies’ first development in Suriname at Block 58, analysts at Rystad Energy and Wood Mackenzie are looking at two additional projects that can potentially follow. The first is a potential oil development at the nearby Block...

Subsea7 said it was awarded four long-term day-rate contracts from Petrobras, for pipelay support vessels (PLSVs) commencing in 2025. The contracts have a combined value of over US$1.25 billion and will be recorded in the backlog in the second quarter. The...

Initiative supported by a broader Accenture and Kraken ecosystem partnership focused on helping utilities transform customer experienceLONDON--(BUSINESS WIRE)--Accenture (NYSE:ACN) and Kraken Technologies are helping EDF’s UK retail business accelerate the migration of customers to its new platform, enabling them...

Guyana Vice President Bharrat Jagdeo said draft oil spill legislation will be ready soon. “Within a week, we'll get the draft for the environmental spill legislation to ensure that we safeguard the country, fortify it with a law that forces...

Trinidad’s Shallow Water Competitive Bidding Round 2023/2024 closed around noon on May 27 with only four out of 13 blocks receiving bids. The 13 blocks collectively hold an estimated unrisked resource of approximately 13.4 trillion cubic feet of gas. Trinidad’s Energy...

TotalEnergies has announced the final investment decision (FID) on the Kaminho deepwater project in Angola’s Block 20/11, pursued in collaboration with Petronas and Sonangol. It said the FID was made possible due to a close collaboration with the concessionaire...

Petrobras estimates that the revitalization project of the Marlim field in the Campos Basin will produce an additional cumulative volume of 860 million barrels of oil equivalent.  Mariana Cavassin, Executive Manager of Production Development Projects at Petrobras, told participants at...

Petronas’ Roystonea-1 and Fusaea-1 discoveries in Block 52 offshore Suriname are estimated to hold recoverable resources approaching 400 million barrels, according to new numbers released by UK-based consultancy group Wood Mackenzie.  “This could be enough to support an FPSO ...

Seatrium Limited said it was awarded a contract by Single Buoy Moorings Inc, a SBM Offshore company, for the topsides fabrication and integration of the Jaguar floating production, storage and offloading (FPSO) vessel destined for Guyana.  Seatrium’s scope of work...

MODEC reported US$71 million profit in the first quarter of 2024, a 657.1% increase from the US$9.4 million profit from the prior year quarter.  Its revenue amounted to approximately US$823 million, up from US$745 million in the corresponding quarter of...