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...

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...

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...

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...

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...

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...

Halliburton Guyana Inc. has issued an Expression of Interest (EOI) for the provision of drilling chemicals.  According to the public EOI, the chemicals - calcium chloride, hydrated lime, soda ash and mono ethylene glycol - must comply with the “quality...

Guyana's Minister of Natural Resources, Vickram Bharrat, said the government is on track to issue a contract award in September for the audit of Stabroek Block expenses for the period 2021-2023.  “We’re looking at the same model where we can...

The ExxonMobil-operated Stabroek Block offshore Guyana is estimated to hold 11.6 billion barrels of oil equivalent resources. Minister of Natural Resources, Vickram Bharrat, shared the updated figure during an August 14 press conference in Georgetown.  It represents the first change from...

US-based oilfield services provider McDermott International has been awarded a contract by Shell for the Manatee natural gas project offshore Trinidad & Tobago. The contract covers engineering, procurement, construction, installation, hook-up, and commissioning (EPCI) for the shallow-water Manatee development. The...