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SBM Offshore hits another Guyana milestone with Jaguar FPSO award

OilNOW -
ExxonMobil has awarded contracts to SBM Offshore to build and deploy the Jaguar floating production, storage and offloading (FPSO) vessel for the Whiptail development at Guyana’s Stabroek Block.  Under the terms of the agreement, ownership of the Jaguar vessel will...
News

Heritage Petroleum commissions offshore oil well S-938

OilNOW -
Heritage Petroleum Company Limited has unveiled its latest offshore oil well, S-938. Situated within the Soldado East Field, the said S-938 well is poised to make a substantial contribution to the company’s revenue with an expected average daily rate of...
News

Trinidad’s largest natural gas producer to divest three fields

OilNOW -
BP is expected to close a deal to sell some Trinidad and Tobago upstream assets to Perenco, Reuters learned from people familiar with the talks.  The divestment of the Amherstia, Cashima and Immortelle fields would reduce BP’s Trinidad gas output...
Stories Beyond the Barrel

Crafting success: Guarantee International Crating Inc.’s journey in Guyana’s oil and gas sector

Shikema Dey -
Guarantee International Crating Inc. (GIC Inc.) emerged onto the scene of Guyana's oil and gas sector with a vision to provide reliable and compliant crating services tailored to the industry's stringent standards. Nickel Hazelwood, Operations Manager and one of...
News

Global oil and gas well completion rates rebound, stability projected through 2025

OilNOW -
Global oil and gas well completion rates have experienced a significant rebound, following a period of decline triggered by the 2014 oil price crash and further exacerbated by the COVID-19 pandemic, according to a March 24 report by Norway’s...
News

Exxon emphasizes safety of pipeline as scores of Guyanese turn up to learn more about gas project     

OilNOW -
ExxonMobil’s open day on the West Bank of Demerara in Guyana drew scores of visitors who were eager to ask the company about the progress of its work on the landmark Gas-to-Energy project.  The event, while not mandatory, was held...
News

Venezuela launches offshore seismic data initiative with UK firm Geoex MCG

OilNOW -
Venezuela has initiated a process to bolster its offshore exploration efforts by partnering with Geoex MCG, a UK-based subsurface data specialist, to conduct extensive seismic data acquisition across the country’s gas-rich offshore waters. Geoex MCG Ltd announced the signing of...
News

Bangladesh offers 24 offshore exploration blocks with no royalty, signature bonus

OilNOW -
The Government of the People's Republic of Bangladesh along with Petrobangla (state-owned gas company) has announced the Bangladesh Offshore Bidding Round 2024. A total of 24 offshore blocks, comprising nine shallow sea blocks (SS-01, 02, 03, 05, 06, 07,...
News

Staatsolie, PETRONAS, ExxonMobil extend gas exploration off Suriname’s coast, eye floating LNG project

Shikema Dey -
Surinamese state oil company, Staatsolie, announced on March 4 that it has signed a Letter of Agreement (LoA) with PETRONAS and ExxonMobil to extend the exploration of a gas discovery made in 2020 off the coast of Suriname in...
News

SBM Offshore on track to deliver ‘near zero emission’ FPSO to market in 2025

OilNOW -
Bruno Chabas, Chief Executive Officer (CEO) of SBM Offshore, says the company is on track to deliver a near zero emission floating production, storage and offloading (FPSO) vessel next year. “The carbon capture solution developed in partnership with Mitsubishi Heavy...
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Afreximbank COO pitches partnership for Suriname’s SMEs

PARAMARIBO, SURINAME – The African Export-Import Bank (Afreximbank) wants to be a long-term financial partner for small and medium-sized...

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