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Staatsolie exceeds bond target, raising US$515.8 million

OilNOW -
Staatsolie Maatschappij Suriname N.V. issued a new bond on March 23, 2025, reportedly raising US$515.8 million—US$211.7 million more than its initial target of US$304.1 million. In an announcement on Monday, the state oil firm said the bond, set for 2025-2033,...
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Exxon hires New Wave to conduct marine warranty survey for Whiptail project 

OilNOW -
New Wave Offshore Energy has been selected as the marine warranty surveyor for ExxonMobil Guyana’s Whiptail development, a US$12.7 billion offshore oil project in the Stabroek Block, the company said on the weekend. Under the contract, New Wave Offshore will...
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Staatsolie’s Block 52 bet could be backed by Block 58 cash – WoodMac

OilNOW -
Suriname’s state oil company Staatsolie could use revenues from its participation in the US$12.2 billion Block 58 offshore oil development to help finance its expected stake in the upcoming Block 52 gas project, according to consultancy Wood Mackenzie. Staatsolie has...
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Saipem closed 2024 with €14.55 billion in revenue, eyes growth in 2025

OilNOW -
Saipem closed 2024 with strong financial results, reporting €14.55 billion in revenue, up from €11.87 billion in 2023. Fourth-quarter revenue reached €4.42 billion, a 26% increase year-over-year. The company said its adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA)...
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Suriname must reject complacency as it prepares for first offshore oil development – Santokhi

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Suriname’s President Chandrikapersad Santokhi says the country must reject complacency and a culture that tolerates mistakes as it prepares for its first offshore oil development. “As a nation, we must reject the mentality that accepts mistakes and shortfalls as usual,”...
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Baker Hughes awarded supply contract by ExxonMobil for Guyana FPSOs 

OilNOW -
ExxonMobil Guyana has awarded a contract to energy technology company Baker Hughes to supply specialty chemicals and related services to its Uaru and Whiptail offshore greenfield developments in Guyana’s Stabroek block.  Baker Hughes said the multiyear contract includes all topsides,...
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Stena Drilling secures TotalEnergies contract for Suriname well

OilNOW -
Stena Drilling has been awarded a contract by TotalEnergies to drill a well in Suriname, the Aberdeen-based company announced on Wednesday. The Stena Drillmax will begin operations in Suriname in the second quarter of 2025  under a one-well program, with...
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Guyana’s Stabroek Block drives global subsea tree demand – Westwood 

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According to Westwood's Global Subsea Tree Tracker, the global subsea tree market closed 2024 with 255 units awarded, an 11% drop quarter-on-quarter and a 12% year-on-year decline. In 2025, global demand is forecast to...
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BOMESC secures contract for Suriname’s first deepwater FPSO topside modules

OilNOW -
BOMESC Offshore Engineering Company Limited has signed a contract with STS VOF to construct topside modules for Suriname’s first floating production, storage, and offloading (FPSO) vessel.  The deal, valued between RMB 750 million and 1 billion (approximately US$102 million to...
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Yellowtail project is 95% completed – John Hess 

OilNOW -
Guyana’s fourth Stabroek Block development, Yellowtail, is approximately 95% complete, according to an update from Hess's Chief Executive Officer, John Hess, speaking at the recent Goldman Sachs conference.  The Yellowtail Development includes six drill centers and up to 67 wells,...
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Suriname President announces 2026 launch of National Local Content Program in first annual address

PARAMARIBO, SURINAME - In her first annual address to Parliament, President Jennifer Geerlings-Simons announced that Suriname will launch a...

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