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Top stories of 2017

2017 was a very exciting year in Guyana's emerging oil and gas industry. We have compiled a list of the top 3 stories for every month in the course of the year. Take a look; April Certified welders, other skilled workers...

Nigerian Ports Authority moves against debtors; considers stopping Total vessel from entering waterways

(Nigerian Tribune) The Federal Government on Friday gave indications that the $3.8bn Egina Floating Production Storage and Offloading (FPSO) project being handled by the Lagos Deep Offshore Logistics Base (LADOL) at the LADOL’s Free Zone in conjunction with Samsung Heavy Industry...

Liza SURF contractor Saipem loses arbitration in Algerian LNG plant dispute

The ICC International Court of Arbitration, following an arbitral tribunal, has ruled against The ICC International Court of Arbitration, following an arbitral tribunal, has ruled against Saipem and awarded Sonatrach the sum of approximately $135 million on the basis of...

Hess completes sale of Norway assets to fund Guyana production, reduce debt

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...

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

(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...

Year in review: 2017’s Top 10 discoveries

(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,...

TechnipFMC awarded contract for Statoil Snorre project

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...

Canadian consultant urges strong local content regime for Guyana

This column will be devoted to the subject of Local Benefits and how this can be best achieved in Guyana.  This topic has received extensive coverage, both in OilNOW and in the local Guyana press. I have been following the...

Liza Destiny builder Keppel secures $130M in projects

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...

Oil workers sue Shell over Gulf of Mexico platform fire

(Reuters) Three offshore oil workers filed a lawsuit against units of Royal Dutch Shell and Enbridge, seeking $1 million in damages for injuries they allegedly received during a Nov. 8 fire on a U.S. Gulf of Mexico production platform. The...

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MODEC’s Guyana contract drives 1,327% surge in orders for 2025

Japan-based floating production specialist MODEC Inc. has reported strong results for the first nine months of 2025, driven by...