Equinor UK Ltd and Shell UK Ltd will merge their UK offshore oil and gas assets to create the UK North Sea's largest independent producer. The joint venture, equally owned by both companies, will focus on sustaining domestic production...

Guyana's Vice President, Bharrat Jagdeo, announced during a November 28 press conference that the United States Export-Import Bank (EXIM Bank) has given preliminary approval for a loan exceeding US$500 million to support Guyana's Gas-to-Energy project. Initially, the government applied...

Petrobras plans to deploy 10 new offshore production systems by 2029, focusing on efficiency and lower emissions. The company in a recent report said nine systems are already contracted, with five additional projects in progress and six under study. Petrobras...

The Guyana government approached the Parliament on November 25 for more money to continue the development of the Gas-to-Energy project, a landmark energy expansion endeavor.  Senior Minister in the Office of the President with responsibility for Finance and the Public...

Dutch shipbuilder SBM Offshore said it completed the US$1.5 billion project financing of the Jaguar floating production, storage and offloading (FPSO) vessel. ExxonMobil hired SBM Offshore to deliver the Jaguar for its Whiptail project for the Stabroek Block, offshore...

bp has been awarded the NCMA 2 block off Trinidad’s north coast during the Shallow Water 2023/24 bid round, which closed in May 2024. This will be a new exploration area for bp in Trinidad and Tobago, as its...

Suriname Awareness Symposium 2025 (SAS2025) aims to build Suriname's future through the development of the energy sector. This event will bring together key stakeholders to discuss and strategize on local economic development, stakeholder collaboration, and economic diversification.  On a rainy...

SBM Offshore said it has been awarded, in partnership with Technip Energies, contracts for the Gran Morgu field development project in TotalEnergies’ Block 58. Under these contracts, the duo will construct and install an all-electric drive floating production, storage and...

As global energy investments increasingly favor low-carbon and renewable projects over fossil fuels, Vice President Bharrat Jagdeo is steadfast in his view that Guyana must avoid the risk of stranded oil assets. With substantial offshore oil discoveries providing a...

The Floating Production Storage and Offloading vessel Alexandre de Gusmão, which incorporates SBM Offshore’s Fast4Ward® new build, multi-purpose hull design, has been completed. The company recently announced the naming ceremony of the vessel, which took place at the COSCO...