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Staatsolie advances offshore projects as treasury contributions top US$300M for 3rd year 

OilNOW -
Staatsolie Maatschappij Suriname N.V. has contributed US$384 million to Suriname’s state treasury for the 2024 fiscal year. The company reported total revenue of US$735 million, slightly up from US$722 million in 2023. This is the third consecutive year Staatsolie’s contribution...
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ExxonMobil Guyana launches drone surveillance along Gas-to-Energy pipeline route

OilNOW -
ExxonMobil Guyana announced the start of drone surveillance along the Gas-to-Energy (GTE) pipeline right-of-way (RoW), which runs from Nouvelle Flanders on the West Coast Demerara to Reynstein on the West Bank Demerara. On Tuesday, the company announced on Facebook that...
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Guyana’s Gas-to-Energy project wins Deal of the Year at EXIM 2025 Conference

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The Export-Import Bank of the United States (EXIM) has awarded its prestigious Deal of the Year Award to the Guyana Gas-to-Energy Project at the 2025 annual conference, the institution announced on April 30.  The winning collaboration includes Lindsayca, CH4 Systems,...
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TechnipFMC posts US$2.2B first quarter revenue

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TechnipFMC reported total revenue of US$2,233.6 million in the first quarter of 2025, with net income (attributable to the company) of US$142 million, or US$0.33 per diluted share.  TechnipFMC said its after-tax charges and credits totaled US$0.9 million in expenses....
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Exxon to relinquish 9% of Stabroek Block acreage

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ExxonMobil will relinquish at least 9% of the vast Stabroek Block in Guyana as required by its petroleum agreement, according to the Ministry of Natural Resources. The Stabroek Block, spanning 26,800 square kilometers, is the centerpiece of Guyana’s deepwater oil...
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Baker Hughes posts record Q1 results, secures key Guyana and global deals

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Baker Hughes announced strong first-quarter results, driven by “record orders and major contract wins. The company released its 2025 quarter report on April 22, revealing that it has secured a significant award from ExxonMobil Guyana. It will supply specialty chemicals...
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MODEC’s Guyana work accounted for 33% of its 2024 revenue

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In 2024, a third of MODEC's total revenue came from its operations in Guyana, as the company gears up to supply a large floating production, storage and offloading (FPSO) vessel to the Stabroek Block next year. In its annual report,...
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Guyana among key drivers of global subsea tree demand despite sharp Q1 dip

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Subsea tree unit awards slumped to 32 in the first quarter (Q1) of 2025, marking a 65% quarter-over-quarter decline, according to Westwood’s Global Subsea Tracker. The drop reflects ongoing macroeconomic challenges and inflation-driven delays in project approvals and contract...
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ExxonMobil taps MODEC for second Guyana FPSO as Hammerhead project advances

OilNOW -
ExxonMobil has awarded a limited notice to proceed to Japanese offshore engineering firm MODEC for the development of a floating production, storage, and offloading (FPSO) vessel for its Hammerhead project offshore Guyana, MODEC said on Monday. The contract is MODEC’s...
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Atlas Professionals wins crew management deal for Noble’s Suriname Drilling campaign

OilNOW -
Atlas Professionals has secured a Crew Management contract from Noble Corporation for an offshore drilling campaign in Suriname, the company said on April 17.  The contract supports operations for the Noble Developer and extends a 15-year working relationship between the...
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‘Business as usual’: No disruption in Guyana’s operations despite Venezuela controversy – GCCI Pres.  

Kathy Smith, President of the Georgetown Chamber of Commerce and Industry (GCCI), has made it clear that there has...

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