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Saipem Guyana seeks local companies for ground transportation services as operations escalate in Stabroek Block

OilNOW -
Guyanese companies in strict compliance with the country’s local content law are invited to submit expressions of interest (EOIs) for ground transportation services for Saipem Guyana, one of ExxonMobil’s leading Stabroek Block contractors.  Saipem in a public EOI request stated...
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New oil law to establish framework for Gas-to-Energy pipeline, plants

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With preliminary work for Guyana’s Gas-to-Energy project underway, the new proposed Petroleum Activities Bill includes a framework for the permitting of pipelines and plants to transport and treat petroleum. This has implications for investment decisions by ExxonMobil and partners...
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Local caterers now have up to July 4 to submit RFI’s to Noble Drilling

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Noble Drilling, one of ExxonMobil’s prime contractors, has extended the deadline for firms to submit technical information for the provision of offshore catering, housekeeping, laundry, janitorial and pest control services. The deadline is now July 4.  Noble said the scope of...
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Subsea 7 seeking logistics firms as pipelaying for Gas-to-Energy begins

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Subsea 7, one of the two companies hired for pipelaying service for Guyana’s Gas-to-Energy project is on the hunt for local logistics firms, according to a public Expression of Interest (EOI). Subsea 7 was hired alongside Dutch contractor Van Oord...
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Total-Exxon deal to develop Guyana-Suriname gas resources a real possibility

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It may be a far way off, but the Guyana government is setting the stage for the development of gas resources with Suriname, if the companies decide to go that way.  The latest development, in this regard, is a proposed...
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SBM Offshore’s new build FPSO receives $1.615 billion project financing for Mero Field in Brazil

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SBM Offshore has announced the successful signing of a project financing agreement for the FPSO Alexandre de Gusmão, totaling a significant amount of US$1.615 billion. The financing has been secured through a consortium of 12 international banks, with insurance...
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Guyana moves to expand oil regulation with new proposed law

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Guyana’s Ministry of Natural Resources has announced the release of a draft Petroleum Activities Bill for public consultation, proposing a major overhaul of its oil and gas regulatory framework. The bill aims to replace the outdated Petroleum (Exploration and...
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Parliamentary Mace “nothing more than a relic” – High Court Judge as case challenging oil fund law thrown out

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Guyana High Court Judge Navindra Singh on June 19 dismissed the case challenging the legality of the country’s oil fund law.  The case, filed by opposition Chief Whip Christopher Jones and Trade Unionist Norris Witter, stood on the claim that...
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FPSO Sepetiba embarks on journey to boost Brazil’s offshore oil production

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China's BOMESC shipyard bid farewell to the FPSO Sepetiba on June 16 marking a significant milestone for SBM Offshore, one of the world's leading providers of floating production, storage, and offloading (FPSO) units.  The vessel embarked on its journey to...
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Exxon has invested in Guyana, the equivalent to the Central Bank’s total assets

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Top officials at ExxonMobil affiliate, Esso Exploration and Production Guyana Limited (EEPGL) have confirmed that its asset base as of December 2022 stood at GY$2.3 trillion (almost US$11 billion).  EEPGL’s Vice President and Business Service Manager, Phillip Rietema was keen...
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Longtail project to mark beginning of Guyana’s new gas chapter – ExxonMobil’s Routledge

ExxonMobil Guyana President Alistair Routledge says the upcoming Longtail development will open a new chapter in Guyana’s energy journey,...

OilNOW is a Resource Center founded and owned by Guyanese. OilNOW is an apolitical, non-partisan, privately owned agency that strives to ensure the highest degree of accuracy and balance.

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