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Suriname’s Sapakara South-Krabdagu field now named Gran Morgu 

OilNOW -
TotalEnergies has renamed Suriname’s Sapakara South - Krabdagu field to Gran Morgu.  According to Upstream Online, TotalEnergies’ Chief Executive Patrick Pouyanne revealed the name switch as part of a request from Suriname’s state oil company Staatsolie.  TotalEnergies and APA Corporation are...
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Stena DrillMAX en route to Guyana to rejoin multi-billion barrel exploration campaign

OilNOW -
The Stena DrillMAX, under contract with ExxonMobil, is returning to Guyana after completing exploration drilling at the Persephone wildcat well in the Orphan Basin, located off the northeast coast of Newfoundland and Labrador, Canada. ExxonMobil said the Persephone well,...
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TotalEnergies’ Block 58 project key to US$31 billion offshore O&G spend forecast – Westwood 

OilNOW -
TotalEnergies' Block 58 development offshore Suriname is a major contributor to an expected US$31 billion offshore oil and gas expenditure for the remainder of 2024, according to Westwood forecasts. The project will tap into an estimated 700 million barrels...
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Guyana moves forward with second power plant, RFP now open for submissions

OilNOW -
The Government of Guyana (GoG) has invited qualified firms to submit proposals for the design, financing, and operation of Phase II of the Gas-to-Energy (GTE) project. The project will be governed by a 20-to-25-year Power Purchase Agreement (PPA), according...
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Guyana seeking crude marketers

OilNOW -
Guyana needs marketers to maximize returns from the sales of its growing crude oil production. The government, through the Ministry of Natural Resources, has issued an invitation for bids for the provision of marketing services for its oil entitlement...
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TotalEnergies Suriname development to drive subsea tree demand for remainder of 2024

OilNOW -
TotalEnergies’ Block 58 development offshore Suriname is set to play a key role in driving subsea tree demand for the remainder of 2024, according to Westwood Global Energy group.  The project will involve drilling around 30 wells over 2.5...
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Adding gas-fired power to Guyana grid to cut emissions by 35% – Jagdeo

OilNOW -
Emissions associated with electricity generation are set to be slashed 35% with the addition of gas-fired power to Guyana’s grid, according to Vice President Bharrat Jagdeo. “The energy transition in Guyana is already taking place because if we move from...
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US EXIM Bank working to take Guyana gas loan request to Board by October

OilNOW -
The United States Export-Import Bank (EXIM) is working to take a loan request from Guyana for US$646 million, to its Board in October. This is according to the country’s Vice President, Bharrat Jagdeo.  The funding is being pursued in support of...
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Staatsolie looking at options to secure over US$1.8 billion for Suriname’s first deepwater project

Shikema Dey -
Staatsolie, Suriname’s state oil firm, has announced plans to issue bonds in 2025 as part of its strategy to finance participation in the first offshore oil production field in Block 58. The company is entitled to a maximum 20%...
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Halliburton wants to help Guyana bring Texas-stored petroleum data in-country

OilNOW -
Halliburton has submitted a US$1.88 million bid to the National Procurement and Tender Administration Board (NPTAB) of Guyana, aiming to secure a contract for data management services for the country's oil and gas exploration and production operations. The company...
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Q1 withdrawal from Guyana’s oil fund up 60% from last year’s

The Guyana government ramped up withdrawals from the country’s oil fund in the first quarter of 2025, taking out...

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