French multinational TotalEnergies signed a new 25-year production sharing contract (PSC) with Algeria’s state oil company Sonatrach, Occidental and Eni for two onshore blocks – 404a and 208 – in the Berkin Basin.
The PSC, signed under Algeria’s new hydrocarbon...
Builder of Guyana’s floating production, storage and offloading (FPSO) vessels, SBM Offshore, announced Thursday that it completed project financing for the ONE GUYANA vessel to be used for the Yellowtail project.
The FPSO project costs US$1.75 billion; SBM Offshore said...
After having made more than 30 discoveries offshore Guyana with a success rate close to 90%, ExxonMobil sees the potential for the Stabroek Block’s near 11 billion oil equivalent barrels to more than double. In addition, the company sees...
The Guyana Shore Base Inc. (GYSBI) – the South American nation’s premiere shore base facility secured an 11-year extension contract to see it giving continued service to ExxonMobil’s Guyana affiliate, Esso Exploration and Production Guyana Limited (EEPGL).
GYSBI’s new contract...
Trinidad and Tobago’s prime onshore and nearshore oil blocks are up for grabs as the twin-island republic launched a fresh competitive bid round, running up to January 9, 2023.
All interested bids must be submitted by that deadline.
Information from T&T’s...
Increased deepwater action offshore Suriname has created a need for large port facilities to service the nation’s expanding oil and gas industry.
Three companies; the Emirati-based DP World, HJ de Vries Project Development N.V. and FIRM Engineering N.V. have partnered to fill...
Guyana’s Ministry of Natural Resources has issued a request for proposals (RFP) for consultancy services related to the historic Gas-to-Energy project. The government needs the consultant to supervise the development of the integrated natural gas liquids (NGL) plant and...
ExxonMobil’s affiliate Esso Exploration and Production Guyana Limited (EEPGL), has commenced its procurement process for a contractor to construct the Guyana Technical Training Institute – the nation’s first state-of-the-art oil and gas training facility.
In the request for information issued...
Promoting the upcoming Gas-to-Energy project, Guyana President Dr. Mohamed Irfaan Ali said the landmark energy initiative has undergone every single test of public scrutiny and passed.
“As far as I’m aware, every single question has been provided with an answer...
Upskilling Guyanese to adequately service Guyana’s massively expanding oil and gas sector is a priority of the Dr. Mohamed Irfaan Ali-led government. In seeking to achieve this goal, President Ali announced Thursday that over US$100 million will be invested...
Staatsolie Maatschappij Suriname N.V. and Suriname’s Tax Department have launched a three-year capacity-building program to strengthen tax and customs...
