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SBM Offshore looking for Guyanese companies to fabricate steel for Jaguar FPSO

SBM Offshore is seeking to hire Guyanese fabricators once again to support the construction of a floating production, storage and offloading (FPSO) vessel for another ExxonMobil development at the Stabroek Block. Guyana Deep Water Operations Incorporated, an affiliate of SBM...

CGX’s Berbice port facility continues to face delays

CGX Energy has delayed the commencement of cargo operations at its Berbice Deep Water Port (BDWP) to the third quarter of 2024, it said in a report on its Q1 highlights. As stated in a March update, the company...

EPA affirmed that increasing oil production is safe – Guyana VP

Guyana's Vice President Bharrat Jagdeo has addressed concerns regarding the increase in oil production rates offshore Guyana, emphasizing that the Environmental Protection Agency (EPA) has affirmed the safety of these optimization efforts.  Jagdeo noted concerns about the safety of producing...

QatarEnergy in long-term deal with Nakilat for operation of ‘QC-Max’ class LNG vessels

​QatarEnergy said it signed a long-term agreement with Qatar Gas Transport Company Limited (Nakilat) under which Nakilat will own and operate nine “QC-Max” class LNG vessels, the largest LNG vessels ever built. The agreement was signed May 8 by Saad...

US Navy fighter jets fly over Guyana in gov’t-approved exercise

The government of Guyana and the United States Embassy in Guyana announced a flyover of two U.S. Navy aircraft, F/A-18F Super Hornets in Guyana.  The embassy said the jets, which were transported on the USS George Washington aircraft carrier, were...

Jaguar FPSO award is SBM Offshore’s first on ‘sale and operate’ model – CEO

Øivind Tangen, Chief Executive Officer of SBM Offshore said that the company’s latest award for the Jaguar floating production, storage and offloading (FPSO) vessel is its first to be based on a sale-and-operate model.  Jaguar is its fifth for ExxonMobil...

IOC’s leaving mature African basins for ‘frontiers like Namibia and Guyana’ – S&P

With majors moving to sell out Nigeria assets, there is a trend of international oil companies (IOCs) exiting mature African basins and shifting to ‘frontiers like Guyana and Namibia’, according to S&P Global Commodity Insights. Eni agreed to sell its...

Petrobras receives OTC award for innovations in Campos Basin revitalization

The Offshore Technology Conference (OTC) presented a Distinguished Achievement Award to Petrobras in the “Companies, Organizations, and Institutions” category.  Petrobras garnered recognition for its innovations in revitalizing mature fields within the deepwater Campos Basin, particularly advancements in the Marlim field. Jean...

SLB announces EPCI award from OKEA for development of Norway’s Bestla project

SLB announced the award of a sizeable integrated engineering, procurement, construction, and installation (EPCI) contract by OKEA to its OneSubsea™ joint venture and Subsea7. The contract will see the partnership develop the Bestla (formerly known as Brasse) project in...

Another first: ExxonMobil’s Liza Unity gets ABS remote control notation

The American Bureau of Shipping (ABS) has awarded the world’s first REMOTE-CON Notation to the Liza Unity floating production, storage and offloading (FPSO) vessel, it said in a May 7 release. Dutch floater specialist SBM Offshore delivered the vessel...

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Guyana fabricators support Hammerhead FPSO with 100 ton steel output

A hundred metric tons of steel for ExxonMobil’s Hammerhead floating production, storage and offloading (FPSO) vessel has been fabricated...