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86 subsea tree awards anticipated in H2 2023, H1 closes with 196 – Westwood

OilNOW -
The first half of 2023 closed with 196 subsea tree awards, according to new data by Westwood Global Energy Group, released on August 14. The industry's gaze now turns to the remaining months of 2023, when the anticipation of...
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Uaru FID among major projects pushing 2023 rig contracting activity

OilNOW -
The latest Offshore Rig Market Snapshot from Evercore ISI - a US-based economic research firm - notes a positive uptick in deepwater drilling rig contracting activity this year driven by recently sanctioned projects.  Guyana’s fifth development - Uaru is on...
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Yellowtail Development Fact Sheet

OilNOW -
Next up on ExxonMobil’s Stabroek Block development list is Yellowtail - one of the largest ever sanctioned. Coming in at US$10 billion, the project is running ahead of schedule; with the production vessel 45% complete and preparatory works progressing...
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Shell’s Pensacola prospect could be among North Sea’s largest gas discovery in decades

OilNOW -
With flow tests completed at Shell’s Pensacola gas prospect in the North Sea, Deltic’s Chief Executive Officer (CEO) Graham Swindells said it is shaping up to be one of the largest discoveries there in decades. Deltic is Shell’s partner on...
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The oil belongs to the people; we’re committed to ensuring they benefit from it – Routledge

OilNOW -
ExxonMobil is the latest in over 20 oil and gas companies operating in Guyana to have their five-year Local Content master plans approved by the regulator. Exxon, Saipem Guyana Inc., and Gulf Engineering Services Guyana Limited got their approvals this...
News

Energy Conference opens today in new South American oil province

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Global oil sector majors have arrived in Guyana for the nation's first major energy conference since the COVID-19 pandemic started just over two years ago. The International Energy Conference and Exhibition which begins today and concludes on Friday, seeks...
News

150 companies, four heads of state confirmed for February energy conference

OilNOW -
Response to the International Energy Conference set to take place in Georgetown next month has been overwhelming so far with around 150 companies and four heads of state confirmed for the flagship event. “We have about 150 companies registered, some...
News

Another Guyanese firm looking to expand operations as demand for services surge

OilNOW -
Since Guyana’s President, Dr. Mohamed Irfaan Ali’s call earlier this year for locals to prepare themselves to seize more opportunities in the country’s oil and gas sector, several Guyanese business operators have been moving to expand their capabilities and...
News

Norway group says Yellowtail subsea contract among biggest this century

OilNOW -
Subsea giant TechnipFMC landed a major subsea equipment deal this month for ExxonMobil’s next phase of the Stabroek development offshore Guyana. According to Norway-based energy research and business intelligence company, Rystad Energy, it is among the top 10 contracts...
News

Industry’s largest subsea fiber optic sensing project being developed for Payara

OilNOW -
A state-of-the-art Subsea Fiber Optic Solution technology which ExxonMobil has selected for its third major deepwater project offshore Guyana is the largest the industry has seen to date. This is according to TechnipFMC, who along with Halliburton, introduced the...
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GGI to launch new call this July for proposals to drive capacity building in Guyana

The Greater Guyana Initiative (GGI) will open a new call for proposals in July, inviting projects aimed at advancing...

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