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The company will start pipes at the LNG project off Senegal and Mauritania over a six-month period. [image credit: Fugro]

Petrofac nabs Tortue contract London-based upstream services company Petrofac said May 10 it secured a contract from BP to help develop the Greater Tortue Ahmeyim (GTA) gas-to-LNG project off Mauritania and Senegal. The GTA gas field straddles the maritime border between Mauritania and Senegal. It holds an estimated 15 trillion ft 3 of natural gas and will position the countries as global LNG exporters. “BP is an important long-standing client and we look forward to supporting them in operating safely and responsibly in their delivery of the GTA Phase 1 Project, which is creating a new LNG ...

The Atlantic waters off Guyana have become one of the world’s hottest oil-drilling zones. Now, international oil executives are looking at neighboring Suriname. Exxon Mobil, Royal Dutch Shell, Total, Apache and several other companies are gearing up operations off Suriname’s coast. They hope that the South American country, which recently emerged from decades of authoritarian and corrupt governments, will be the next great oil source. But the world has more than enough oil, and prices for petroleum products are relatively low. In addition, investor interest in oil companies is waning as...

Suriname Could Be Latest Big Oil Find as Industry Cuts Costs The small South American country has become a hot prospect for oil companies looking to produce fossil fuels while spending less. The docks of an abandoned mine in Moengotapoe, Suriname. The nation’s emergence as a potential oil-producing star could help a new government trying to remake the country.Credit...Adriana Loureiro Fernandez for The New York Times The Atlantic waters off Guyana have become one of the world’s hottest oil-drilling zones. Now, international oil executives are looking at neighboring Suriname. Exxon Mobil, ...