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TechnipFMC reported third-quarter 2024 revenues of US$2,348.4 million, with a net income of US$274.6 million, or US$0.63 per diluted share. Adjusted net income, which accounts for after-tax charges, was US$280.5 million, or US$0.64 per share. Key factors impacting adjusted...

Baker Hughes reported stronger-than-expected third-quarter profits, boosted by sustained international demand for its drilling equipment and oilfield technology. The company’s adjusted profit reached US$67 per share, surpassing Wall Street’s forecast of US$61.  Chief Executive Officer Lorenzo Simonelli expressed optimism, stating,...

SBM Offshore's Chief Executive Officer, Øivind Tangen confirmed that the upcoming Jaguar floating production storage and offloading vessel (FPSO) will be executed with the same team and expertise that handled the Liza Unity FPSO.  “We inherently bring all the learnings...

Guyana is set to witness the startup of its fourth oil development, Yellowtail—one of the largest investments ever made in the country. Priced at US$10 billion, this project is spearheaded by ExxonMobil and its Stabroek Block partners Hess and...

Minister of Natural Resources, Vickram Bharrat, emphasized that Guyana's local content legislation is not a shield for substandard services. Speaking at the Local Content Forum, Bharrat urged the private sector to focus on maintaining high standards. “The local content legislation...

At Secure Innovations and Concepts Inc., we pride ourselves on being more than just a company; we are a family committed to the growth and well-being of our employees. With a remarkable track record of never defaulting on employee...

Oil production offshore Guyana has soared from an initial 120,000 barrels per day (b/d) with the Liza 1 development to more than 600,000 b/d, as additional projects come online and equipment on the oil production vessels are optimized to...

South American neighbours Guyana and Suriname are emerging as key regional players in the oil and gas industry with growing discoveries off their coasts and multiple projects on the horizon. Three are already in production on the Guyana side...

MODEC Guyana Inc. is seeking qualified suppliers to provide annual recertification and maintenance services for a critical safety component known as the frog basket, used on floating production storage and offloading (FPSO) units.  A frog basket is a personnel transfer...

Dutch floater specialist SBM Offshore is currently operating three oil production vessels offshore Guyana. The company’s Fast4Ward® program, built on an innovative “design one, build many” concept, has been a key driver behind ExxonMobil's unprecedented project expansion and execution...