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Guyana and Suriname among countries expected to dominate 2021 licensing rounds

The award of oil and gas acreage in 2021 is expected to be dominated by countries like Guyana and Suriname which, like just a handful of some other territories, have captured high interest in the industry over the last...

Guyana and Suriname could help oil companies transition towards cleaner energy

By Arthur Deakin Royal Dutch Shell, the third-largest oil company in the world, saw several clean energy executives quit after disagreeing about the speed of the company's energy transition. The Financial Times reported that the departing executives wanted to see...

ExxonMobil’s South America bonanza grows

(Forbes) After announcing discovery after discovery from its massive Stabroek Block offshore the tiny South American nation of Guyana over the past three years, ExxonMobil announced on Friday that it has struck South American oil and gas once again,...

TechnipFMC seeking contractors for warehouse facility in Guyana

Global oil and gas company TechnipFMC is expanding its operations in Guyana where it has been providing subsea production systems for the offshore developments at the prolific Stabroek block. The company recently published a notice inviting contractors to submit Expression...

Maersk first low-emission rig showing promising results

After successfully being converted to a hybrid, low-emission rig, Maersk Intrepid has entered operations as the first Maersk Drilling rig to feature this set of upgrades. Maersk Intrepid is currently working for Equinor on the Martin Linge field where...

Multi-billion-dollar deepwater investments only moving forward under favourable conditions

Of the 200 offshore oil and gas projects that are currently in the planning stage, around 120 of these are based on floating production storage and offloading (FPSO) systems and one expert believes that none of them will move...

Need for technical skills such as advanced welding capabilities will increase in Guyana

While the emphasis on degrees in engineering and geosciences is necessary as Guyana seeks to build capacity for the oil and gas sector, there will be a growing need for technical and other skills which one official with experience...

New report points to over 2.4-billion-barrel oil potential in Jamaica

The unprecedented oil exploration success in Guyana is raising hopes for countries throughout the region and this is seeing a renewed emphasis being placed on the search for black gold. An independent evaluation of Prospective Resources offshore Jamaica prepared by Gaffney...

Staatsolie celebrates 40 years as Suriname braces for deepwater bonanza

Staatsolie Maatschappij Suriname N.V., Suriname’s state oil company, is celebrating its 40th Anniversary in a year that has seen almost 70 years of oil exploration culminating with four major deepwater oil discoveries and the opening of the offshore potential...

Warnings of looming supply gap intensify – Guyana production set to take-off

Warnings about a looming oil and gas supply gap continue to increase with a new report pointing out that the oil and gas industry will have to overcome its pandemic-induced retrenchment and boost investment by at least 25% annually...

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SBM Offshore subsidiary seeks local suppliers for steel, timber and safety equipment

Guyana Deep Water Operations Inc. (GDO), a subsidiary of SBM Offshore, is seeking information from Guyanese suppliers for steel...