Italian energy industry services firm Saipem has won two new contracts, the first by Eni Congo and the other by BP, for a total value of around $700 million.The first contract has been awarded to Saipem by Eni Congo for the conversion of Scarabeo…
Dutch oil and gas services company SBM Offshore reported on Thursday half-year earnings before interest, tax, depreciation, and amortization (EBITDA) that missed consensus estimates and fell below the level seen a year earlier.The group, which supplies and operates floating production…
Guyana's environmental regulator on Wednesday granted an Exxon Mobil-led consortium approval to drill 35 new offshore exploration and appraisal wells as the group looks to expand its production successes in the South American country.The wells will be drilled within the group's 6…
Guyana's Vice President Bharrat Jagdeo on Thursday said the government will not take action against a local Exxon Mobil Corp contractor after Reuters reported its owners are under a U.S. criminal investigation.Last Friday, Reuters disclosed that U…
APA Corp. said on Wednesday its most recent appraisal well in Block 58 off Suriname's coast confirmed the extension of oil resources 14 kilometers from the discovery well.APA's exploration in Suriname has been closely watched as it could become Suriname's first commercial deepwater project…
Nascent oil producer Guyana is not interested in joining the Organization of the Petroleum Exporting Countries (OPEC), Guyanese Vice-President Bharrat Jagdeo said on Monday, as the South American country looks to rapidly boost production and attract new operators…
Dutch FPSO leasing and operation specialist SBM Offshore has signed a 10-year operations and maintenance enabling agreement with ExxonMobil in Guyana for the Operations and Maintenance of the Liza Destiny, Liza Unity, Prosperity, and ONE GUYANA FPSOs…
- Suriname said on Thursday it signed a memorandum of understanding with Trinidad and Tobago that aims to increase energy cooperation, and people familiar with the matter said it could lead to natural gas from Suriname being piped to Trinidad and Tobago…
Guyana-focused oil and gas companies CGX Energy and Frontera Energy Corporation said Wednesday they had discovered oil at the Wei-1 well, on the Corentyne block, approximately 200 kilometers offshore from Georgetown, Guyana. 'The Joint Venture…
Malaysian national oil firm Petronas has awarded a 90-day contract for Noble Corporation's semi-submersible deepwater rig Noble Discoverer.Petronas will use the Noble Discoverer to drill an exploration well in Block 52 offshore Suriname, where it is the operator with a 50% stake…
Frontera Energy Corporation, in partnership with CGX Energy, said Tuesday it had reached total depth (TD) of 20,450' on the Wei-1 bypass exploration and appraisal well (Wei-1BP1), offshore Guyana.The original Wei-1 wellbore reached a depth of 19…
After a slowdown in activity during 2020/2021 due to soft commodity prices, demand for FPSOs is picking up.With exploration hotspots like Namibia’s Orange Basin and the East Mediterranean delivering new finds, the FPSO market outlook is healthy…
Offshore oil and gas exploration spending will increase more than 20% globally this year and the growth will continue into the next, oilfield services firm SLB said on Wednesday.'Offshore is experiencing a renaissance, with significant breadth and anticipated durability…
A Guyana Appellate Court judge on Thursday temporarily stayed a lower court's order requiring Exxon Mobil and partners in offshore oil production to provide an unlimited guarantee to cover potential oil spills.The stay lifts a cloud over oil production at the nation's first offshore oil platform…
Italian offshore energy services firm Saipem has received from ExxonMobil the authorization to proceed with the final phase of its contract related to the delivery of subsea systems for the Uaru oil field development project in Guyana.In December 2022…
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