ExxonMobil, Hess and CNOOC are not backing out of talks with the Guyana government for a shallow water block they were awarded after the country’s first offshore auction.
Guyana's Vice President, Bharrat Jagdeo, said during a Thursday press conference that...
Saipem and TechnipFMC said they were hired to undertake subsea work in support of the first oil development offshore Suriname. The Gran Morgu project is being pursued by TotalEnergies, in partnership with APA Corporation.
The project will combine TechnipFMC’s subsea...
The hull block for Guyana’s Errea Wittu floating production storage and offloading vessel (FPSO) has been completed.
“We are proud to share that the FPSO Errea Wittu has achieved another significant milestone. We successfully completed the hull block assembly 40...
By Chevy Devonish
In a previous article we examined how the Caribbean Court of Justice (“CCJ”) in Attorney General of Guyana v Environmental Protection Agency CCJ 16 (AJ) GY, to my mind, settled the important question of: Whether Guyana’s...
Block 52 off the coast of Suriname is showing some promise with discoveries made by Malayasian operator, Petronas. So much so that the company is mulling what could be Suriname’s first standalone gas development.
Petronas already hinted at a floating...
Eco (Atlantic) Oil & Gas has signed an assignment and share cancellation agreement with Africa Oil. Azinam, a wholly owned subsidiary of Eco, will transfer a 1% interest in Block 3B/4B offshore South Africa to Africa Oil.
This includes the...
ExxonMobil's Vice President in Guyana, Philip Rietema, said that the company's decision to withdraw from the Kaieteur Block last year was driven by the project's failure to meet ‘investment hurdles’ given the complex realities of oil and gas exploration.
“We...
Some of the groups Guyana identified as awardees after the country’s first offshore auction, may not end up receiving the blocks.
Guyana Vice President Bharrat Jagdeo said they “have difficulties finding the right partners and raising the fees.” The government...
Kemraj Parsram, Director of the Environmental Protection Agency (EPA), said that if a spill occurs offshore Guyana and the government needs to tap a US$2 billion guarantee from the Stabroek Block consortium, it can negotiate additional sums.
Parsram said that...
China's oil and gas giant CNOOC Limited has expanded its operations with new petroleum exploration and production concession contracts (EPCCs) in Mozambique. The company gained access to five offshore blocks, covering approximately 29,000 square kilometers, with water depths ranging...
