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Hess income soars 536%; US$757 million recorded in Q2

OilNOW -
Hess Corporation reported a net income of US$757 million, or US$2.46 per share, in the second quarter of 2024. This was a significant uptick from the US$119 million, or US$0.39 per share, reported in the second quarter of 2023.  In...
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MODEC announces contractor search for Uaru FPSO maintenance

OilNOW -
Japanese shipbuilder MODEC announced on Tuesday that it is seeking companies for fabric maintenance, painting, and cleaning services on the Errea Wittu floating, production, storage and offloading vessel (FPSO), part of ExxonMobil Guyana’s fifth offshore development, Uaru. Contractors will be...
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As Guyana elections fraud case gets underway its gov’t calls for full transparency in Venezuela poll 

OilNOW -
Guyana was added to the list of countries calling for the “transparent” verification of results from the Venezuelan elections, where the incumbent, Nicolas Maduro is said to have emerged victorious.  “Elections are about people exercising their constitutional right to elect...
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Power China snags US$8.6 million contract for Gas-to-Energy National Control Centre 

OilNOW -
The government of Guyana signed a US$8.6 million contract with Power China to construct a building to house the National Control Centre of the Gas-to-Energy (GtE) project. At the signing, Prime Minister, Brigadier (Ret’d), Mark Phillips, fulfilling the functions of...
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Guyana Labour Ministry inspects Noble Bob Douglas drillship to ensure worker safety, compliance 

OilNOW -
A team from Guyana's Ministry of Labour recently visited the Noble Bob Douglas drillship as part of ongoing efforts to ensure the well-being and rights of workers in the country's oil and gas industry.  The team, including Occupational Safety and...
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Subsea7 installs 119 kilometers of pipe ahead of schedule for Guyana’s Gas-to-Energy project

OilNOW -
Subsea7 said offshore pipelay for the Guyana Gas-to-Energy project was delivered 10-days ahead of schedule. “This was our first project in Guyana and involved the fabrication and S-Lay of 119 kilometers of rigid pipeline using Seven Borealis," said Chief Executive...
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Exxon looking to acquire seafloor seismic services for Stabroek Block

OilNOW -
ExxonMobil is looking to secure seafloor seismic services to enhance its activities at the Stabroek Block offshore Guyana where it has found more than 11 billion barrels of oil equivalent resources since 2015.  The company in a public request...
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Eco Atlantic transfers stake in South African block to Africa Oil

OilNOW -
Eco (Atlantic) Oil & Gas has signed an assignment and share cancellation agreement with Africa Oil. Azinam, a wholly owned subsidiary of Eco, will transfer a 1% interest in Block 3B/4B offshore South Africa to Africa Oil.  This includes the...
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Bringing Hammerhead gas to shore among considerations for Exxon

OilNOW -
ExxonMobil is considering multiple alternative options for the associated gas from the proposed Hammerhead oil development.  Hammerhead, which is currently being reviewed for regulatory approval, would be the seventh Stabroek Block project. For the prior six developments, the associated gas...
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Second phase of Berbice training facility for completion in 2025

OilNOW -
Authorities in Guyana are pursuing the second phase of a training facility in Berbice with support from ExxonMobil, slated for completion in 2025. The first phase, a simulator for floating production, storage and offloading (FPSO) vessels, was commissioned in...
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Letter-to-the-Editor: Strengthening Guyana’s oil spill response is a win for both the environment and the economy 

Dear Editor, The recent completion of the Oil Spill Response & Shoreline Cleanup Assessment Techniques Course and Incident Command System...

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