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Western Logistics looking to service Suriname’s oil sector by Q2 2024

OilNOW -
Come Q2 2024, Western Logistics is looking to be fully operational in Suriname after years of demonstrating its prowess in Guyana’s oil and gas industry.  Its Chief Executive Officer (CEO), Pradeep Ramoutar, disclosed the company’s plan in an update to...
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Guyana may revise model offshore contracts for second licensing round – Jagdeo

OilNOW -
The Guyana government may revise its model petroleum agreements for offshore licenses ahead of its second licensing round.  Vice President Bharrat Jagdeo told a gathering at the Guyana Energy Conference and Supply Chain Expo on Tuesday, “We’ve heard that the...
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Guyana must be predictable, non-capricious with oil companies, says Jagdeo

OilNOW -
Vice President Bharrat Jagdeo of Guyana talked about the necessity for the government to maintain a predictable and non-capricious approach towards international oil companies to ensure the success of the country's oil and gas industry. He said it is...
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Transocean secures lucrative contracts for three drilling rigs, boosts backlog to US$9 billion

OilNOW -
Offshore drilling contractor Transocean has announced significant contract acquisitions for three of its drilling rigs, enhancing its quarterly fleet status report with a notable boost in backlog to approximately US$9 billion. Transocean to deploy ultra-deepwater drillship for US$518M GoM job...
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DeepOcean secures contract with ExxonMobil Guyana for subsea services

OilNOW -
Ocean services provider DeepOcean has clinched a contract from ExxonMobil Guyana, marking its foray into the South American country's market and its first major collaboration with Exxon in the Americas. The contract entails the provision of subsea construction and...
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Guyana seeking firm to conduct audit, validate profit oil share for 2021-2023 period

OilNOW -
Guyana’s Ministry of Natural Resources has issued a call for consultants to submit proposals for the auditing of recoverable contract costs and validation of profit oil share related to the Stabroek Block operations for the period 2021-2023. Preference will...
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Norwegian company gets US$11.7 million contract from Petrobras for offshore survey in Brazil

OilNOW -
Norwegian company, Electromagnetic Geoservices ASA (EMGS), has announced a contract award from Petrobras for a fully pre-funded multi-client survey offshore Brazil. The contract, valued at approximately US$11.7 million, is significant for EMGS as it is the first data acquisition...
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Guyana publishes final model contracts for new licensees 

OilNOW -
Guyana’s Ministry of Natural Resources published the final model contracts to be awarded to winners of its first offshore licensing, on Jan. 26.  The contracts are expected to be applied to eight blocks - two deep water and five shallow...
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Gas-to-Energy contractor on hiring drive ahead of Q2 construction start 

OilNOW -
LNDCH4 Guyana, the joint venture between CH4 and Lindsayca, has kickstarted a hiring drive in Guyana as it gears up for the construction of an integrated facility as part of Guyana’s Gas-to-Energy project. This facility, a cornerstone of Guyana's...
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Westwood projects robust rebound in O&G engineering contracts, anticipates 77% spike in 2024

OilNOW -
Westwood anticipates 2024 oil and gas-related engineering, procurement and construction (EPC) contract value will rebound to close at approximately US$76 billion, a 77% increase compared to 2023. This will be driven by the demand for approximately 324 subsea trees, 22...
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SEOGS 2025 moves to accommodate growing participation

Now in its fifth year, the Suriname Energy, Oil & Gas Summit (SEOGS) has grown into one of the...

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