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World’s largest-ever vessel is all set to go in 2018

OilNOW -
(CNBC) Displacing as much water as five aircraft carriers is just one eye-popping statistic that attempts to explain the sheer size of the world's largest vessel. Construction on ShellRDSA-GB's huge floating liquefied natural gas (FLNG) structure began in 2012 and...
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Liza JV partner China’s CNOOC in tender for Liuhua subsea facilities

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Chinese operator CNOOC Ltd, a joint venture partner together with ExxonMobil and Hess in the Liza field offshore Guyana, has launched tenders for the installation of subsea facilities for its Liuhua oil complex in the Pearl River Mouth basin...
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Year in review: 2017’s Top 10 discoveries

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(Offshore Engineer) While exploration hasn’t been as hot as it used to be, the finds this year have been big and plentiful. Wood Mackenzie has provided the year’s 10 biggest finds by volume. #1 – Yakaar, Senegal In May this year,...
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Turmoil between gov’t, opposition bad omen for coming of oil – Private Sector Executive

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Executive member of Guyana’s Private Sector Commission (PSC), Ramesh Dookhoo, is urging the Guyana government and the lone opposition party - People’s Progressive Party Civic (PPP/C), to redouble their efforts at working together for the betterment of the South...
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TechnipFMC awarded contract for Statoil Snorre project

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TechnipFMC has landed an Engineering, Procurement & Construction (EPC) contract with Statoil for its Snorre Expansion Project. It comes as the Norwegian operator confirmed an additional 25-year investment. The Snorre Expansion contract covers the delivery of subsea production systems and...
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Repsol, VNG present $2.2B Norwegian oil, gas plans

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(Hart Energy) Spain’s Repsol and Germany’s VNG presented separate plans on Dec. 19 to develop two Norwegian oil and gas fields for a combined 18.2 billion Norwegian crowns (US$2.17 billion), Norway’s Ministry of Petroleum and Energy said. VNG’s Fenja oil...
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Eni cranks up production at mega Zohr field offshore Egypt

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(Hart Energy) Eni SpA has confirmed the start of production from the supergiant Zohr Field, which puts Egypt on course to become an energy exporter with the field’s more than 30 trillion cubic feet of potential gas in place. Startup...
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SBM Offshore completes US$720M Liza Destiny financing

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SBM Offshore said on Wednesday that on December 19, 2017 it completed the project financing of FPSO Liza Destiny for a total of US$720M. The project financing was secured by a consortium of twelve international banks. The Company expects to draw the...
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Guyana to establish petroleum cost recovery sub-committee

OilNOW -
As preparation ramps up for oil production in 2020, the Government of Guyana is to establish a cost-recovery sub-committee, according to information reaching OilNOW. While details remain sketchy, it is believed that this sub-committee will be resident within the...
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Liza Destiny builder Keppel secures $130M in projects

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Keppel Offshore & Marine (Keppel O&M) has bagged projects from repeat customers Petrobras and SOFEC Inc. (SOFEC) with a total value of $130M. According to a press release, the projects were bagged by its two wholly-owned subsidiaries Keppel FELS Brasil...
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GranMorgu development to also tap Baja discovery – TotalEnergies

TotalEnergies announced on Friday that it will leverage its GranMorgu development to also tap the Baja discovery in Suriname's...

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