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SBM Offshore gets O&M contract for first Suriname FPSO 

OilNOW -
SBM Offshore inked a deal for the operations and maintenance (O&M) of the GranMorgu floating production, storage and offloading (FPSO) vessel with TotalEnergies, the Dutch shipbuilder said Thursday morning.  TotalEnergies’ Suriname affiliate TotalEnergies EP Suriname B.V. awarded the contract, which...
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Almost 50% of Suriname’s offshore acreage under contract – Staatsolie

Shikema Dey -
PARIMARIBO, SURINAME - Almost 50% of Suriname’s offshore acreage is now under contract, according to its state oil company, Staatsolie.  Managing Director, Annand Jagesar, provided the update during his welcome address as the 5th Suriname Energy Oil and Gas Summit...
News

PETRONAS secures deepwater Block 66 in Suriname with new contract

Shikema Dey -
PARAMARIBO, SURINAME - Staatsolie has signed a production sharing contract (PSC) with PETRONAS Suriname E&P B.V. (PSEPBV) and Paradise Oil Company N.V. (POC) for Block 66.  The agreement was signed on June 17, 2025, on the sidelines of the ongoing...
News

No oil blocks, gas deal to be issued before Guyana’s September elections

Kemol King -
Guyana’s Vice President Bharrat Jagdeo said on Thursday that no new oil block contracts or agreements for a major gas project involving U.S. firm Fulcrum LNG will be signed before the country’s General and Regional Elections scheduled for September...
News

Shell to increase stake in Nigeria’s Bonga oil field

OilNOW -
Shell Nigeria Exploration and Production Company (SNEPCo) has signed an agreement to acquire TotalEnergies’ 12.5% stake in the OML 118 Production Sharing Contract offshore Nigeria. The deal, announced by Shell on May 28, will raise Shell’s interest in OML 118...
News

Snapshot: Exxon’s first Stabroek Block tie back development tapping three oil fields 

OilNOW -
ExxonMobil’s Uaru development is the first Stabroek Block project to utilize a subsea tieback connecting three fields - Uaru, Mako, and Snoek oil fields - to a single production facility. Tiebacks, by industry definition, transport hydrocarbons from seabed wells to...
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GranMorgu FPSO construction hits 27% as Suriname targets first oil by 2028

OilNOW -
Construction of the floating production, storage and offloading (FPSO) platform for Suriname’s GranMorgu project has reached 27%, state oil company Staatsolie revealed in its recent annual report. The production vessel is expected to deliver first oil in 2028. GranMorgu marks...
News

Oil prices declined due to concerns about future economic growth – U.S. Energy Information Administration 

OilNOW -
Concerns regarding economic growth have placed oil prices on a downward trajectory, as slower economic activity typically leads to reduced demand for petroleum products. Preliminary estimates from the United States (U.S.) Energy Information Administration (EIA) indicates that global petroleum...
News

bp awards contract for Ginger project to Subsea 7 and SLB OneSubsea

OilNOW -
Subsea 7 announced that the Subsea Integration Alliance (SIA) has secured the engineering, procurement, construction, and installation (EPCI) contract for bp’s Ginger project, offshore Trinidad and Tobago. The Ginger award is the first under a new global framework agreement between...
News

Noble secures 15 rig years in offshore contracts, cites strength of long-term market

OilNOW -
Noble has secured new offshore contracts with a combined value between US$2.2 billion and US$2.7 billion, the company announced on April 28. The company stated that the contracts add 15 rig years to its floater backlog and significantly increase...
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SBM sponsors international trips, science equipment for winners of Guyana mousetrap competition

SBM Offshore Guyana’s 2025 Guyana-Monaco Mousetrap Car Grand Prix Competition wrapped up with an impressive display of creativity, problem-solving...

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