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Decision on contract disclosure should apply to all companies equally – British High Commissioner

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British High Commissioner to Guyana, Greg Quinn, says the Guyana government and oil companies will ultimately have to decide what aspects of their agreements would be disclosed but this should apply to all companies equally. Multiple calls have been made...
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Hess completes sale of Norway assets to fund Guyana production, reduce debt

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Hess Corporation on December 22, 2017 announced that it had completed the previously announced sale of its subsidiary Hess Norge, which owns interests in the Valhall and Hod fields in Norway, to Aker BP ASA for total proceeds of...
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World’s largest-ever vessel is all set to go in 2018

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(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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ExxonMobil’s Yellowtail startup strengthens upstream edge – Zacks Investment Research

Chicago-based firm, Zacks Investment Research, known for its independent investment analysis and the Zacks Rank system, has highlighted Exxon...

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