News

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...

Guyana-Suriname Basin currently utilizes a third of Noble’s drillship fleet

Five of the 15 drillships in Noble’s fleet are currently under contract offshore Guyana and Suriname, in aid of exploration and development works in the basin.  A May 6 Fleet Status Report from Noble noted that four ships are in...

Seatrium gets job to integrate topsides for MODEC’s Errea Wittu FPSO

Seatrium Limited said it got a job to integrate the topsides for the Errea Wittu floating production, storage and offloading (FPSO) vessel. Offshore Frontier Solutions Pte. Ltd., a MODEC Group Company, issued the award. The contract scope of work covers...

Noble’s new contracts valued at US$215 million

Noble Corporation said, in its first quarter earnings release, that new contracts since its prior-quarter update totaled US$215 million (including mobilization payments). These include: Noble Venturer was awarded a three-well contract for an estimated 150 days with Trident Energy in Equatorial...

Exxon targets increased production at Liza 2 and Payara

ExxonMobil Guyana President Alistair Routledge related plans to optimize production at two Stabroek Block projects (Liza 2 and Payara) with debottlenecking activities. During a recent press conference, the official said that planned production optimization activities for the Payara project will...

Chouest bolsters subsea capabilities with acquisition of ROVOP

The Chouest group has announced its acquisition of ROVOP, a provider of remotely operated vehicle (ROV) services. The move propels Chouest, in conjunction with its subsea service arm, C-Innovation, into control of a fleet comprising over 100 ROVs and...

SLB, Equinor, SIA in long-term deal for exploration offshore Norway, Canada

SLB (formerly Schlumberger) said it brokered a long-term strategic collaboration agreement between Equinor ASA and the Subsea Integration Alliance, comprising OneSubsea™ and Subsea7. The pact was signed in Stavanger, Norway.  The agreement kickstarts exploratory efforts on two ventures: the Wisting...

Exxon affirms it will relinquish portion of Stabroek Block in October

ExxonMobil is set to relinquish 20% of the 6.6-million-acre Stabroek Block in October, as required by its petroleum agreement with the government.  Alistair Routledge, President of ExxonMobil Guyana, affirmed the company will relinquish acreage to the government, in an April...

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Energy Chamber Head urges Guyanese youths to embrace long-term opportunities in oil sector 

President of the Guyana Oil and Gas Energy Chamber (GOGEC), Manniram Prashad, has called on Guyanese youth to embrace...