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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When the annual Guyana Energy Conference and Supply Chain Expo is hosted, this little giant of a country is given a unique spotlight. With that spotlight comes the opportunity for Guyanese entrepreneurs to network with major investors worldwide....
ExxonMobil’s planned Longtail floating production storage and offloading (FPSO) unit will have a significantly unique design from earlier Guyana developments, with increased gas compression and no water injection.
Alistair Routledge, President of ExxonMobil Guyana, told OilNOW in an exclusive interview...
10 wells will be drilled offshore Suriname in 2025-2026, Rystad Energy forecasted in a February 2025 release.
The Norway-based energy intelligence firm said the focus on Guyana’s eastern neighbor is growing, as more operators look to explore and develop resources...
The Bacalhau floating production storage and offloading (FPSO) unit has arrived at its final destination in the Santos Basin offshore Brazil, where it will operate at Equinor’s field. The 370-meter-long vessel, built by Japanese firm MODEC, completed a two-month...
ExxonMobil has awarded Norwegian seismic company Shearwater GeoServices a contract to conduct a six-month 4D ocean bottom node survey offshore Guyana. The survey, set to begin in the first half of 2025, will use Shearwater’s seismic vessel as a...
CGX Energy and its joint venture partner Frontera Energy have contested the Guyana government’s move to terminate their license for the Corentyne Block. CGX in a release on Monday argued that the agreement remains “valid and in force.”
The partners,...
Suppliers eager to play a role in Guyana’s oil and gas sector through SBM Offshore Guyana listened earnestly as the company outlined potential opportunities at its Let’s Talk Local Content Forum.
The event capped a week of oil and gas...
Saipem and Subsea7 have signed a memorandum of understanding (MoU) for a potential merger, aiming to create a dominant player in the subsea and offshore engineering and construction (E&C) sector.
The new entity, Saipem7, would have a combined backlog of...
Trinidad and Tobago’s gas sector depends on resources from Venezuela’s cross-border fields, according to Energy Minister Stuart Young. He recently emphasized the importance of the Dragon and Manakin-Cocuina fields in the country’s long-term energy strategy.
“The Trinidad and Tobago gas...
