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Saipem wins Spotlight on New Technology award for oil spill response

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Italian-based oil and gas contractor Saipem has won the Spotlight on New Technology award by OTC - Offshore Technology Conference, one of the most important international oil & gas industry events. OTC will be held from May 6-9 and as...
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Outside of China CNOOC only found oil in Guyana during 2018

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China’s CNOOC Limited made a total of 17 commercial discoveries in 2018, 5 of which were made in the Stabroek Block offshore Guyana which represents all of the company’s overseas discoveries for that year. The other 12 discoveries were...
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Nigeria local content body says Samsung has transformed country into FPSO construction hub

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Korean shipbuilding giant, Samsung Heavy Industries (SHI) has transformed Nigeria into a hub for fabrication and integration of Floating Production Storage Offloading (FPSO) units in Africa, the Nigerian Content Development and Monitoring Board (NCDMB) has declared, according to a...
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Economy center stage in April election in Canada’s Alberta province

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(Reuters) - The western Canadian province of Alberta will hold an election on April 16, kick-starting a contest that many polls suggest will result in a change of government in the country’s oil-producing heartland as it struggles with a...
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America imported no oil from Venezuela last week. Here’s why that’s a big deal

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(CNN Business) America's once-robust imports of crude oil from Venezuela have ground to a halt because of Trump administration sanctions and chaos gripping the OPEC nation. The United States imported exactly zero barrels of crude from Venezuela last week, according...
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2 dozen Guyanese to join more than 1,000 working on Liza Phase 1 project

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Twenty-four Guyanese will soon join the more than one thousand nationals already working on ExxonMobil’s Liza Phase 1 Development project in the South American country of Guyana. The 24 persons, inclusive of two females, will be assigned to the Liza...
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US company Harvey Gulf is aiming for 100% local content in Guyana

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Harvey Gulf International Marine, one of the top marine transportation companies globally, has identified Guyana as its latest investment destination. The US-based company specializes in providing Offshore Supply and Multi-Purpose Support Vessels for deepwater operations. A team from the company is...
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TechnipFMC awarded major subsea contract for Equinor Johan Sverdrup Phase 2

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TechnipFMC has been awarded a major subsea contract by Equinor for the Johan Sverdrup Phase 2 development, located in the Norwegian sector of the North Sea at a water depth of 120 meters. The contract covers the delivery and installation...
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Eco Atlantic upgrades oil and gas resources in Guyana field

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(Reuters) - An oil and gas field off Guyana’s coast and owned by Tullow, Total and Eco Atlantic has about 3.9 billion barrels of oil equivalent, a third more than announced in an estimate released in September, Eco said...
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Oil spill response: Guyana must be prepared for all eventualities – Dr. Bynoe

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Director of Guyana’s Department of Energy (DoE), Dr. Mark Bynoe, told a gathering on Monday on the outskirts of Georgetown, that even with the most robust safety systems in place, accidents occur, and as such, the South American country...
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Economist says Venezuela’s suspension of gas deals could be a ‘blessing in disguise’ for Trinidad

Trinidad and Tobago economist Dr. Justin Ram believes Venezuela’s decision to suspend its gas deals with the Caribbean country...

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