Trinidad and Tobago next year plans to launch bidding rounds for onshore and shallow-water areas on top of last week's launch of an auction of 17 deepwater oil and gas blocks, the nation's energy minister told Reuters.The Caribbean country, which is among the region's top producers of natural gas…
U.S. oil major ExxonMobil has made yet another oil discovery in its prolific Stabroek Block, offshore Guyana, and has now increased its estimate of the discovered recoverable resource for the block to approximately 10 billion oil-equivalent barrels…
Exxon Mobil on Wednesday set annual capital spending through 2027 at $20 billion to $25 billion, allocating money to low-carbon projects and extending its previously projected investment rate for two years.The top U.S. energy producer slashed costs after a historic $22…
Norwegian offshore vessel owner Siem Offshore has secured another offshore wind contract for its multi-purpose support vessel Siem Dorado.According to Siem Offshore, the new contract has already started and will keep the vessel utilized into the first quarter of 2022…
The hull of the Prosperity FPSO has recently arrived from China where it was built to Singapore where Keppel will mate it with topside modules, after which the vessel will set sail for Guyana, to become the South American country's third FPSO in production…
Liza Unity FPSO, set to become Guyana's second offshore production unit, has been completed in Singapore and has set sail towards Guyana.Keppel Shipyard, responsible for the construction and integration of the topside modules with the China…
A consortium of marine seismic data firms has started a 3D seismic survey offshore Suriname, CGG, one of the project partners has informed.The start-up of operations, using the BGP Prospector seismic vessel, comes after three marine seismic data acquisition and processing companies TGS…
Exxon Mobil Corp on Wednesday offered to lease a half million acres off the Texas coast, securing space for what could become a massive project to capture and store carbon emissions.Under pressure by investors to address climate change, Exxon…
Suriname has been described as the next big thing in the offshore oil and gas exploration world, as its proximity to Guyana where ExxonMobil has discovered around 10 billion barrels of oil so far has led oil companies, including ExxonMobil,…
Siem Offshore has won a contract for its multi-purpose support vessel Siem Dorado in the offshore wind market.The Norwegian vessel owner said the up to 210 days firm contract plus options, was with an undisclosed international client.The contract…
U.S. oil producer Hess Corp on Wednesday reported a better-than-expected quarterly profit, as soaring prices for crude and gas cushioned the hit from lower production.Shale producers in the United States are poised to deliver their strongest…
Guyana awarded a unit of Saudi Aramco a tender to purchase a portion of the country's oil production, and the two parties will likely enter into a one-year marketing deal, an official said on Tuesday.The South American country last month received…
Three marine seismic data acquisition and processing companies TGS, CGG, and BGP have signed a multi-client agreement with Suriname's national oil firm Staatsolie.Under the agreement, the consortium will be able to acquire, promote and license multi-client seismic programs…
Guyana has granted a unit of Saudi Arabian Oil Co, known as Aramco, a one-year contract to market the government's share of the crude produced in the South American country, Vice President Bharrat Jagdeo told Reuters.The country in early September…
Regulations governing deep-sea mining will take longer to finalize due to the global pandemic, a group of Latin American countries said, creating uncertainty for companies looking to mine the sea bed for metals, including cobalt and nickel.The…
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