News

TechnipFMC has been awarded an extension to its ongoing Engineering, Procurement and Construction (EPC) contract from Statoil in the Norwegian North Sea. The ongoing EPC project covers the provision of subsea equipment including template structure, manifold and two subsea trees...

Qatar Petroleum’s Wave LNG Solutions and Shell Gas & Power Developments B.V. (Shell) on Tuesday signed a framework agreement to develop liquefied natural gas (LNG) marine fueling – or bunkering – infrastructure at strategic shipping locations across the globe. LNG...

The business community in Guyana was abuzz over the last two days as a 25-member trade delegation from neighbouring Trinidad & Tobago flocked to the country. The Trinidadians have been showing a keen interest in getting involved in Guyana’s...

Following on the success of the Liza, Payara and Snoek wells offshore Guyana, US super-major ExxonMobil and its partners Hess and CNOOC Nexen will soon commence a new drilling campaign hoping to further solidify its previous discoveries. On June 20, ExxonMobil...

A review of Guyana’s draft local content policy framework by members of the business community has identified several shortcomings which it believes put Guyanese business operators at a disadvantage. The review, done by the Georgetown Chamber of Commerce and...

Nigeria may need to spend as much $1.2B in refinery upgrades in order to reduce its dependence on the imports of refined oil products. Although the country produces 2 million barrels of oil per day, it is still forced...

TechnipFMC has entered into a three-year agreement with Woodside Energy in Australia for Riserless Light Well Intervention (RLWI) and subsea services, including intervention, installation, and plug and abandonment services. According to a World Oil report, under the agreement, TechnipFMC will...

ExxonMobil

Guyana’s Minister of Natural Resources Raphael Trotman on Wednesday told the United Nations Ocean Conference in New York that as Guyana prepares for offshore oil production in 2020, the country is mindful of the risks to the ocean from...

Eco (Atlantic) Oil & Gas announced Thursday, along with its Operating Partner, Tullow Oil, it has approved a circa 2,550 km2 seismic survey on the Company’s Orinduik Block offshore the Co-operative Republic of Guyana. The survey is anticipated to...