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African Chamber says Stabilization Clause in Stabroek PSA delivering major benefits, wants Namibia to follow suit

Having significant hydrocarbon reserves certainly will get energy companies’ attention, but holding the companies’ interest — and convincing them to continue investing billions of dollars in exploration and production activities — requires deliberate, strategic measures on the part of...

Start Up of the Jubilee South East Project

A key milestone for Ghana and the partnershipDALLAS--(BUSINESS WIRE)--Kosmos Energy Ltd. (“Kosmos” or the “Company”) (NYSE/LSE: KOS) alongside its joint venture partners Tullow Oil plc (operator), Ghana National Petroleum Corporation and Petro SA is pleased to announce the successful...

Cactus Announces Timing of Second Quarter 2023 Earnings Release and Conference Call

HOUSTON--(BUSINESS WIRE)--Cactus, Inc. (NYSE: WHD) (“Cactus” or the “Company”) today announced that it will issue its second quarter 2023 earnings release after market close on Monday, August 7, 2023. The Company will host a conference call to discuss financial...

Historic dismantling of FPSO in Brazil marks dawn of a new era for South America’s biggest oil producer 

Brazil’s state-owned oil entity Petrobras is building out its green recycling market with the sale of the first floating production, storage and offloading (FPSO) vessel closed on July 7. Now, the company will spend US$9.8 billion to retire at...

101 major subsea assets installed in Guyana waters by Edison Chouest C-INSTALLER vessel

Edison Chouest’s (ECO) C-INSTALLER - a 318 ft. multipurpose support vessel has operated in Guyana for the past five years and has been integral to the country’s offshore oil operations.  ECO shared that the C-INSTALLER positioned 101 major subsea assets...

TT, Suriname to produce feasibility studies on future development of hydrocarbon resources

Trinidad and Tobago and Suriname have laid the foundation for energy cooperation with a new Memorandum of Understanding (MoU) signed on July 6.  TT’s Prime Minister Dr. Keith Rowley and Surinamese President Chandrikapersad (Chan) Santokhi witnessed the signing by Trinidad’s...

Stabroek Block drilling contractors Noble, Stena to host Business Forum for local suppliers

Local suppliers in Guyana will have an opportunity to connect with two of ExxonMobil’s biggest drilling contractors - Noble and Stena - at a Business Forum set to take place on Wednesday. The event will be hosted at Duke Lodge...

Exxon consultant to brief private sector about Whiptail project

Set for Friday July 14, ERM Guyana Inc. will be hosting a virtual sensitisation session on ExxonMobil’s Whiptail project - the 6th Stabroek Block development.  The project was screened by Guyana's Environmental Protection Agency (EPA) which determined that an Environmental...

Petrobras selects SLB’s Delfi platform for 5-year digital transformation

Schlumberger (SLB) has secured a significant five-year contract from Petrobras, one of Brazil's largest oil and gas companies, for the enterprise-wide deployment of its cutting-edge Delfi™ digital platform.  The contract encompasses Petrobras' complete digital transformation across exploration, development, and production...

Transocean secures US$172 million contract extension for harsh environment semisubmersible

Transocean announced on July 5 that six one-well options have been exercised for the Transocean Encourage in Norway. The rig is in use by Equinor. The estimated 370 days of work will contribute approximately US$172 million in backlog. The work...

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SBM Offshore opens contracting opportunities for 3D survey and mechanical works

SBM Offshore has opened a request for information (RFI) for companies capable of providing 3D survey, piping fabrication, installation...