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SBM Offshore Guyana marks 10th Annual Life Day with focus on Safety and Environment

OilNOW -
SBM Offshore Guyana celebrated its tenth annual Life Day on June 27, 2023. The event, held under the theme 'Observe and Intervene,' focused on raising awareness about the environment and potential hazards while stressing the importance of accident prevention...
Exploration

Full gas potential of Stabroek Block will be tested over next four years

OilNOW -
ExxonMobil Guyana is expected to test the gas potential of the Stabroek Block with the aim of having such resources potentially underpin an independent project.  During a recent energy conference, Chief Executive Officer of Hess Corporation, John Hess said the...
News

Latin America’s oil and gas production set for 25% surge by 2028

OilNOW -
New projections by the International Energy Agency (IEA) see Latin America’s oil production increasing by 25% by 2028. Guyana and Brazil are among those leading this growth.  “Oil-producing countries outside the OPEC+ alliance dominate plans for increasing global supply capacity...
News

EOI out for MODEC mooring services 

OilNOW -
Builder of Guyana’s fifth production vessel – Mitsui Ocean Development & Engineering Company Inc. (MODEC) – is seeking Guyanese firms that can provide offshore installation of mooring equipment.  MODEC in a public Expression of Interest (EOI) said it is looking...
News

SBM Offshore revolutionises asset performance with intelligent agents, data analytics

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SBM Offshore, a global leader in offshore energy solutions, has unveiled its development of intelligent agents and data analytics to predict events and optimise asset performance. The company said its innovative solutions have continuously captured over 160 million time-series...
News

SBM Offshore orders 8th Fast4Ward® Multi-Purpose Floater hull

OilNOW -
Dutch contractor, SBM Offshore’s full-year guidance remains on track after good performance in the first quarter of 2023.  Its report released on May 11, noted that the company has upped its Lease and Operate revenue to US$453 million - a...
News

Five sanctioned Stabroek Block developments offer strong fiscal cushion for GtE Project

OilNOW -
Guyana’s Liza Destiny and Liza Unity floating production, storage and offloading (FPSO) vessels have allowed the country to earn a whopping US$2.2 billion in royalties and profit oil in a three-year period spanning from March 11, 2020 to March...
Business Wire

Technip Energies First Quarter 2023 Financial Results

Solid first quarter; consistent with full year 2023 objectives Adjusted revenue of €1,407 million, Adjusted recurring EBIT margin of 7.6% 10% year-over-year growth in Adjusted net profit of €80 million Preparing future core with the creation of Rely – a new integrated...
News

Exxon’s Texas refinery now second largest in US

OilNOW -
American multinational, ExxonMobil Corporation disclosed on April 28 that its Beaumont refinery in Texas is now the second largest in the United States (US) on account of a 250,000 barrel-per-day expansion project. The refinery now has a processing capacity...
News

Guyanese marine player acquires majority stake in Bourbon joint venture 

OilNOW -
French offshore vessel player Bourbon said on Monday that Guyanese company Tethys Marine & Logistics, is now a 51% shareholder of the Bourbon Guyana Joint Venture. It said Guyanese now represent 75% of its directorship. A Guyanese company is defined...
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Energy Chamber Head urges Guyanese youths to embrace long-term opportunities in oil sector 

President of the Guyana Oil and Gas Energy Chamber (GOGEC), Manniram Prashad, has called on Guyanese youth to embrace...

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