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TechnipFMC (NYSE: FTI) has been awarded a significant engineering, procurement, construction, and installation (EPCI) contract by Equinor for subsea tiebacks for the Halten East development on the Norwegian Continental Shelf. For TechnipFMC, a “significant” contract is between $75million and $250million. The contract...

(S&P Global Platts) Crude oil futures were higher in mid-morning Asian trade May 27, with the ICE Brent crude marker hovering around a two-month high, as the near-term outlook for oil remained bullish with demand still seen outpacing supply. At...

ExxonMobil Corporation said on Wednesday that it plans to grow shareholder value by way of a five-pronged plan that underpins the global need for energy and for lower greenhouse gas emissions to address climate change. During a recently concluded annual...

Executive Director of Guyana’s Environmental Protection Agency (EPA), Kemraj Parsram said, if its review goes well, the regulator expects to grant renewal of the environmental permit for the Liza Phase One project at the end of May, when the...

Guyana Shore Base Inc. (GYSBI) celebrated two years without lost time injuries (LTI), earlier this month. LTI refers to an injury sustained on the job by an employee, which results in the loss of productive work time. Lost time injuries encompass...

Minister of Natural Resources Vickram Bharrat has called on contractors, sub-contractors and licensees operating in Guyana’s oil sector to devise more timely payment plans for local businesses. This news comes on the heels of a slew of complaints that...

The traffic woes that plagued Guyana’s east and west bank corridors will become a thing of the past as the government signed a US$260 million contract to see the construction of a new and modern structure across the Demerara...

If Guyana considers the establishment of a National Oil Company (NOC), Americas Market Intelligence (AMI) Analyst, Arthur Deakin, believes that partnering with Middle Eastern oil giant Saudi Aramco offers significant upside, although still presenting some notable risks. In his most...

According to the provisions of the Petroleum Production Licence (PPL) for the US$10 billion Yellowtail Project, ExxonMobil Guyana is required to conduct an in-depth study on the feasibility of re-injecting produced water. It is expected to do this while ensuring that the base design for...

The Houston Texas-based Acorn International will be conducting the environmental study for ExxonMobil's fifth development in the Stabroek Block - Uaru. On Monday, ExxonMobil's local subsidiary, Esso Exploration & Production Guyana Limited (EEPGL), held a public scoping meeting on Uaru at the Umana Yana....