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Staatsolie puts 11 shallow blocks up for auction with leads totaling 91 billion unrisked barrels

OilNOW -
Staatsolie Hydrocarbon Institute N.V. (SHI), a subsidiary of Staatsolie Maatschappij Suriname N.V., has initiated a new opportunity for oil companies to engage in its offshore oil and gas sector. Staatsolie has announced an auction of eleven blocks within the...
News

Longest ship ever to enter Demerara River docks at Vreed-en-Hoop shore base

OilNOW -
The Vreed-en-Hoop Shore Base Inc. (VEHSI) is accommodating the largest cargo ship to dock in the Demerara River, the MV Virtuous Striker, marking a milestone in the development of Guyana's port and shipping facilities.  The shore base, spreading over 44...
Business Wire

Kosmos Energy Announces Third Quarter 2023 Results

DALLAS--(BUSINESS WIRE)--Kosmos Energy Ltd. (“Kosmos” or the “Company”) (NYSE/LSE: KOS) announced today its financial and operating results for the third quarter of 2023. For the quarter, the Company generated a net income of $85 million, or $0.18 per diluted...
News

Guyana shortlists three out of 25 bidders for crude marketing deal

OilNOW -
Guyana has narrowed down the list of potential partners for its crude marketing contract, selecting three contenders from a pool of 25 bidders. The country's Vice President, Dr. Bharrat Jagdeo, provided insights into the ongoing selection process and the...
News

Who will supply Suriname’s first FPSO: Modec or SBM Offshore? 

OilNOW -
As TotalEnergies prepares for its inaugural offshore development venture in Suriname, the competition intensifies between SBM Offshore and MODEC to secure the contract for the project's 200,000 barrels-per-day production vessel. In anticipation of the bidding process, both contractors have initiated...
News

Guyana business group says power outage woes will hamper investments

OilNOW -
The Georgetown Chamber of Commerce and Industry (GCCI) has voiced its profound disappointment regarding ongoing power outages in Guyana. In a November 2 release, the GCCI stated that "this continued spate of power disruptions is having an acute impact...
News

SBM Offshore seeking wide-ranging services for its Guyana operations

OilNOW -
Local suppliers once again have an opportunity to provide a wide range of services to SBM Offshore Guyana, as the company prepares to bring its third oil production vessel online in the South American country. In its search for these services,...
Featured

Driller with most rigs offshore Guyana sees massive 364% jump in net income

OilNOW -
Noble Corporation plc today reported a significant increase in its financial metrics for the third quarter of 2023, on October 31. The net income surged 364% to US$158 million, compared to US$34 million in the same period last year....
Business Wire

Technip Energies Financial Results for the First Nine Months of 2023

9M 2023 Adj. revenues of €4.4Bn and Adj. recurring EBIT margin of 7.2%; confirming FY 2023 guidance Strong strategic positioning and commercial success support TPS growth outlook Increased LNG and low-carbon front-end engagement and commercial pipeline Successful worldwide capital increase for employees;...
News

1,300 Guyanese women supporting Exxon activities onshore and offshore

OilNOW -
New half-year local content data from ExxonMobil Guyana Limited (EMGL) indicate that 1,300 Guyanese women are supporting the company's operations both on and offshore, in the South American country. EMGL said that Guyanese represent 69% of its overall workforce.  A total...
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ExxonMobil drilling Hamlet-1 well in gas-rich southeastern Stabroek Block

ExxonMobil has started drilling the Hamlet-1 exploration well in the southeastern section of Guyana’s Stabroek Block. This area near...

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