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TotalEnergies to sign $10 billion deal for Suriname’s first offshore oil project 

OilNOW -
TotalEnergies is expected to make its final investment decision (FID) this week for Suriname’s first offshore oil and gas development, valued at over US$10 billion. This is according to four sources, a Sept. 30 Reuters report stated, pointing out...
News

Saipem secures US$2 billion offshore contract for Saudi Arabia’s Marjan field

OilNOW -
Saipem has been awarded a new offshore contract worth approximately US$2 billion under its Long-Term Agreement (LTA) with Saudi Aramco.  The contract involves the development of the Marjan field in Saudi Arabia and follows a competitive bidding process and the...
News

TechnipFMC secures subsea contracts from Petrobras for Brazil’s pre-salt fields

OilNOW -
TechnipFMC has been awarded two significant subsea contracts by Petrobras to support Brazil’s pre-salt offshore fields. The first contract, valued between US$250 million and US$500 million, involves the design, engineering, and manufacturing of riser flexible pipe. It also includes associated...
News

Guyana stands out globally; will maintain cost competitiveness despite expected drop in future oil prices – Norway firm

OilNOW -
South America's newest oil producer, Guyana, continues to stand out as a highly competitive destination for deepwater projects around the world. U.S. oil major ExxonMobil is currently spending around 20% of its total exploration and production (E&P) investments in...
News

Saipem extends contract with Aker BP for Scarabeo 8 rig until 2026

OilNOW -
Italian oilfield services company Saipem has secured an extension of its contract with Norwegian energy firm Aker BP for the semi-submersible rig Scarabeo 8. The extension will keep the rig working on the Norwegian Continental Shelf until the end...
News

Procurement spending from contractors hits US$314 million with addition of Prosperity FPSO – Mid Year Report 

OilNOW -
According to Guyana’s 2024 mid-year report, procurement spending in the oil and gas sector totaled US$314 million. The report highlights growth in engineering and machining services, accommodation, equipment rental, and catering. The hike is largely attributed to the increased activity...
News

Awards to PetroChina bring total contracted area offshore Suriname to 46%

OilNOW -
Staatsolie announced that after the signing of production sharing contracts for Blocks 14 and 15 with PetroChina Investment Suriname B.V., nearly 46% of Suriname's offshore area is now under contract.  PetroChina, a subsidiary of China National Petroleum Corporation (CNPC), obtained...
News

Suriname launches seep survey to explore potential oil and gas leaks under the sea

OilNOW -
As of September 2, 2024, 23,800 km² has been explored in the ongoing Suriname Seep Survey, a collaboration between Staatsolie, GeoPartners Limited (UK), and TROIS GeoConsulting (Netherlands).  The research, according to Staatsolie, aims to detect natural oil and gas leaks...
Exploration

Driller with most rigs off Guyana’s coast gets contract extension from ExxonMobil 

OilNOW -
ExxonMobil has awarded Noble Corporation an additional 4.8 rig years of backlog under the Commercial Enabling Agreement (CEA) in Guyana, the drilling expert said on Sept. 4 in its fleet report.  This extends the contracts of four Noble drillships—Noble Tom...
News

GYSBI on hiring spree: 76 new employees in one day, more incoming to fill oil sector labor deficit

OilNOW -
Guyana Shore Base Inc. (GYSBI), in collaboration with Muneshwers Limited and its Joint Venture partners, has hired 76 individuals on the spot during a job fair held at the Everest Cricket Club. The event was part of a broader...
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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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