Petrobras said that it has signed an Integrated Natural Gas Processing System (SIP) contract with CNOOC Petroleum Brasil Ltda. (CNOOC) and, together with Petrogal Brasil, Repsol Sinopec Brasil and Shell Brasil – partners in the Santos Basin pre-salt offshore...
Although being the holder of the world’s 17th largest oil reserves with an exploration success rate that is more than double the global average, offshore operations in the Guyana basin still come with risks. In its latest assessment and...
Eni has signed a contract with Wison Heavy Industry for the construction and installation of a floating liquefied natural gas (FLNG) unit with a capacity of 2.4 MTPA (million tons per annum).Â
The FLNG will be deployed offshore the Republic...
Every new year in the development of Guyana’s oil and gas sector has arguably been bigger than the one before it. With new project start-ups, increasing oil production, and more revenues to the country, 2023 is tipped to continue...
ExxonMobil and Stabroek Block co-venturers, Hess and CNOOC, marked 2022 with a slew of new discoveries. It has been described as the best exploration year in Guyana so far, with a total of nine discoveries announced at Stabroek and...
The Guyana government has utilised portions of a US$20 million World Bank loan to enhance operational efficiencies within the oil and gas sector.
OilNOW understands that a two-year contract was granted this year to vLex Justis Limited, which is headquartered in the United Kingdom, to provide...
Paula Ceres and Tanisha Selby were among a group of seven Guyanese graduate engineers who gained hands-on training by SBM Offshore on the Prosperity floating production, storage and offloading (FPSO) vessel.
Now, the young women aim to inspire young girls...
Brazil’s Petrobras has started production on its newest vessel – the P-71 at the Itapu field, located in the Santos Basin pre-salt area.
Petrobras said that the floating production, storage and offloading (FPSO) vessel, docked 200 kilometres off the coast...
Subsea 7 S.A. on Friday said it was awarded three contracts by Aker BP for work offshore Norway.
The awards included a major contract (over US$750 million) for Yggdrasil field development project (formerly NOAKA), a large contract (US$300-500 million) for Skarv Satellite Project and a substantial contract (US$150-300 million) for...
Come 2023, Consultancy Group Wood Mackenzie expects there to be a significant acceleration of global gas-led activity. In its latest ‘5 THINGS TO LOOK FOR IN 2023’ report, WoodMac anticipates a rapid or modular monetisation of gas assets. It...
