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TechnipFMC to separate into two companies

OilNOW -
TechnipFMC plc (NYSE: FTI) (Paris: FTI) on Monday said is its Board of Directors had unanimously approved its plan to separate into two industry-leading, independent, publicly traded companies: RemainCo, a fully-integrated technology and services provider, continuing to drive energy development;...
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‘Carving its niche’ – OilNOW recognised as the ‘go-to site’ for O&G news

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As Mining Week 2019 gets underway in Guyana, the Ministry of Natural Resources on Monday took the opportunity to award those persons and entities that have played a significant role in educating the public about the Natural Resources sector....
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Offshore Europe another great opportunity to showcase Guyana O&G business potential

OilNOW -
British High Commissioner to Guyana, Greg Quinn, said that the upcoming Offshore Europe oil and gas conference and exhibition in Aberdeen Scotland in September is the perfect opportunity for Guyanese companies to forge partnerships with British companies. The High Commissioner...
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24 Guyanese technicians to undergo Advanced Systems Training for Liza Destiny placement

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The first batch of Guyanese operations and maintenance (O&M) technicians recruited by ExxonMobil Guyana to work on the Liza Destiny Floating Production, Storage and Offloading (FPSO) vessel is about to embark on  Advanced Systems Training at the Cape Brenton...
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Liza Destiny FPSO fast approaching Guyana waters; expected within days

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The 120,000 barrels per day Liza Destiny floating oil production complex is currently in the south Atlantic Ocean, fast approaching Guyana waters, and is expected to arrive by the end of August. Commenting on the vessel's imminent arrival, ExxonMobil Guyana's...
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Eco Atlantic Oil & Gas records Q2 loss

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London and Toronto-listed Eco Atlantic Oil & Gas booked a deeper second-quarter loss, as it continued to develop prospects in Guyana and Namibia. Shares, in a report on Friday, said net losses for the three months through June amounted to...
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Positive O&G outlook will drive Guyana’s GDP higher over next 10 years – Fitch Solutions

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Financial information services provider Fitch Solutions says the first oil discovery outside the Stabroek block will serve to buoy investor sentiment to projects in deepwater Guyana more broadly while pointing out that the positive outlook for oil and gas production will...
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Stakeholders call for clearer definition of ‘local business’

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The Georgetown Chamber of Commerce and Industry (GCCI), on Wednesday, hosted a Roundtable Discussion on Guyana’s third draft of the Local Content Policy. The event saw an exchange of several different viewpoints on the strengths and weaknesses of the...
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Tullow days away from spudding 2nd wildcat off Guyana coast

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Tullow Oil will soon spud its second wildcat at the 1800 km2 Orinduik Block offshore Guyana with results expected in mid-September. Junior partner on the block, Eco Atlantic Oil and Gas, says the Stena Forth drillship, which made the...
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TechnipFMC wins Shell subsea contract

OilNOW -
TechnipFMC (NYSE: FTI) (Paris: FTI) has been awarded a significant integrated Engineering, Procurement, Construction and Installation (iEPCI™) contract by Shell for the PowerNap project, located in the Gulf of Mexico. TechnipFMC will design, manufacture and install subsea hardware, including subsea...
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Ali: Fighting transnational crime vital, protecting sovereignty is Guyana’s business

Guyana's President, Dr. Irfaan Ali made it clear today that protecting his country's sovereignty remains a top priority. The...

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