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TechnipFMC secures major subsea contract for Exxon’s Whiptail project

OilNOW -
TechnipFMC has been awarded a large contract in Guyana’s Stabroek Block by ExxonMobil Guyana to supply subsea production systems for the Whiptail project. The contract value is between US$500 million and US$1 billion. This follows the greenlighting of the project...
Stories Beyond the Barrel

Crafting success: Guarantee International Crating Inc.’s journey in Guyana’s oil and gas sector

Shikema Dey -
Guarantee International Crating Inc. (GIC Inc.) emerged onto the scene of Guyana's oil and gas sector with a vision to provide reliable and compliant crating services tailored to the industry's stringent standards. Nickel Hazelwood, Operations Manager and one of...
News

Exxon’s 4th Guyana FPSO leaves drydock; now moored along integration quayside at Singapore yard

OilNOW -
SBM Offshore announced on Feb. 21 that the ONE GUYANA floating, production storage and offloading vessel (FPSO) has left drydock. OilNOW understands the vessel is now moored along quayside at the Seatrium yard in Singapore. It is the fourth...
News

Topsides module lifting begins on ONE GUYANA FPSO; on track for Q1 2025 sailaway – Exxon

OilNOW -
The first module has been lifted onto the topsides of the ‘ONE GUYANA’ floating production, storage and offloading (FPSO) vessel for the massive Yellowtail development, according to ExxonMobil Guyana President, Alistair Routledge. Providing an update on the US$10 billion project,...
News

TechnipFMC gets ‘significant’ Gulf of Mexico contract from bp

OilNOW -
TechnipFMC said it has been awarded a significant contract by bp for its Argos Southwest Extension project in the Mad Dog field. Significant contracts, according to TechnipFMC, are valued between US$75 million and US$250 million. Guyana among major oil producers driving...
News

Guyana among major oil producers driving global subsea tree demand – Westwood

OilNOW -
Westwood Global Energy Group has released its 2023-2027 subsea tree demand outlook, projecting a total demand of approximately 1,555 units over this period. Notably, Brazil, Guyana, and Norway are expected to account for roughly 40% of the global demand...
News

Technip Brazil team delivers 100th subsea tree system for Guyana project

OilNOW -
TechnipFMC's Brazil location delivered its 100th subsea tree system for offshore projects in Guyana's Stabroek Block. This latest milestone points to the company's commitment to client success and its contribution to the development of Guyana's oil sector. “Achieving together is...
News

Guyana expects over 700 technical, skilled oil and gas hires this year – Local Content Secretariat

OilNOW -
According to figures released by Guyana’s Local Content Secretariat (LCS), for 2023, over 700 hires are expected for the country’s oil and gas sector. The hires range from the technical and skilled categories to Information Technology (IT) and Health.  A...
News

OMV recruits TechnipFMC for iEPCI job on Berling gas project offshore Norway

OilNOW -
OMV (Norge) AS has chosen TechnipFMC to undertake a significant integrated Engineering, Procurement, Construction, and Installation (iEPCI™) contract for its Berling gas development project. This marks OMV's first iEPCI™ project in Norway as an operator, and TechnipFMC will be...
News

Guyana, Brazil to account for 30% of global subsea tree installation – Rystad Energy

OilNOW -
South American neighbours Guyana and Brazil are the driving force behind 30% of global subsea tree installations all the way up to 2030, according to Rystad Energy projections.  The Norway-based firmt said investments in offshore services are expected to balloon...
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Welligence says Chevron must tread carefully operating in Guyana because of border controversy 

Following the closure of the Chevron-Hess merger, market intelligence firm Welligence is advising that Chevron, now holding a 30%...

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