Category: Offshore production

TotalEnergies, Petronas, and QatarEnergy set their cap on hydrocarbon exploration off Guyana

Nov. 25 (offshore-energy.biz) Three energy giants – France’s TotalEnergies, Qatar’s state-owned QatarEnergy, and Malaysia’s Petronas – are joining forces to explore the hydrocarbon potential of an offshore block in Guyanese waters. To this end, QatarEnergy has confirmed the signing of a production sharing agreement (PSA) for shallow-water Block S4 offshore Guyana, following the award of the block through... Continue Reading →

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Suriname puts 60% of offshore basin on offer in new Staatsolie open-door programme

Nov. 24 (oilnow.gy) Staatsolie launched its new Open-Door Offering this morning, creating new opportunities for exploration and production companies to enter the Suriname-Guyana Basin. The initiative was formally announced by Managing Director Annand Jagesar, who stated, “This initiative opens new opportunities for exploration and production companies and aims to maintain a high level of exploration activities offshore... Continue Reading →

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Payara still leads ExxonMobil’s record-breaking ramp-up offshore Guyana

Nov. 18 (oilnow.gy) ExxonMobil’s Payara project continues to hold the record for the fastest production ramp-up among all oil developments in Guyana’s offshore Stabroek Block. Production from the Prosperity floating production, storage and offloading (FPSO) vessel began in November 2022 and hit 220,000 barrels per day (b/d) just two months later, three months ahead of schedule. That... Continue Reading →

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MODEC Forms Dedicated Mooring Solutions Unit

Nov. 17 (OE) MODEC has outlined plans merge its wholly owned subsidiaries MODEC America and SOFEC from the start of 2026, bringing SOFEC fully into the group as a new Mooring Solutions Business Unit. SOFEC, known for its permanent mooring systems and fluid transfer technologies, will continue to supply SOFEC-branded mooring systems to clients across... Continue Reading →

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