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MODEC Guyana to publish RFIs for key offshore services

OilNOW -
MODEC Guyana has announced its intent to publish Requests for Information (RFIs) for various offshore services over the next six months.  The list includes industrial gas services, fire pump performance tests, oil and gas laboratory analysis, and transformers, all set...
News

TechnipFMC reports US$9.1 billion in revenue for 2024, secures record orders

OilNOW -
TechnipFMC reported a strong financial performance for the full year 2024, with total revenue of US$9,083.3 million and net income attributable to the company of US$842.9 million, or US$1.91 per diluted share. After-tax charges and credits, including a gain...
Opinions

Letter-to-the-Editor: The Local Content App is finally here

OilNOW -
Dear Editor, The Local Content Secretariat finally launched the Local Content App. Many people, including myself, have been waiting for this since the announcement was made last year. The Local Content App in my view, has now revolutionized how information...
News

Saipem closed 2024 with €14.55 billion in revenue, eyes growth in 2025

OilNOW -
Saipem closed 2024 with strong financial results, reporting €14.55 billion in revenue, up from €11.87 billion in 2023. Fourth-quarter revenue reached €4.42 billion, a 26% increase year-over-year. The company said its adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA)...
News

Shearwater GeoServices to conduct 4D survey offshore Guyana for ExxonMobil

OilNOW -
ExxonMobil has awarded Norwegian seismic company Shearwater GeoServices a contract to conduct a six-month 4D ocean bottom node survey offshore Guyana. The survey, set to begin in the first half of 2025, will use Shearwater’s seismic vessel as a...
News

Saipem and Subsea7 announce merger to form global offshore powerhouse

OilNOW -
Saipem and Subsea7 have signed a memorandum of understanding (MoU) for a potential merger, aiming to create a dominant player in the subsea and offshore engineering and construction (E&C) sector. The new entity, Saipem7, would have a combined backlog of...
News

With experience on its side, Suriname wants to help Guyana build hydro project

OilNOW -
Suriname is offering its expertise to support Guyana’s hydropower project, highlighting its experience in renewable energy. Staatsolie’s Managing Director, Annand Jagesar, said Suriname is ready to collaborate and share its knowledge. “We have a lot of hydro,” Jagesar said. “You...
News

Local Content App unveiled, bringing opportunities to your fingertips

Shikema Dey -
The Local Content Secretariat (LCS) has launched the Local Content App, a digital tool designed to improve access to opportunities in Guyana’s oil and gas sector. The app provides real-time notifications on supply and job opportunities, making it easier...
News

SBM Offshore reports record US$1.9 billion earnings in 2024

OilNOW -
SBM Offshore reported a record directional EBITDA (earnings before interest, taxes, depreciation, amortization) of US$1.9 billion for 2024, a 44% increase from the previous year. The earnings were driven in part by ExxonMobil’s purchases of the Prosperity and Liza Destiny...
News

More delays for Guyana’s landmark gas project

OilNOW -
At last year’s Energy Conference, Winston Brassington, Head of Guyana’s Gas-to-Energy Taskforce, announced that the project would be ready by mid-2025. This year, he returned with an update—its completion has been delayed. This relates to the facilities being constructed by...
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GranMorgu FPSO construction hits 27% as Suriname targets first oil by 2028

Construction of the floating production, storage and offloading (FPSO) platform for Suriname’s GranMorgu project has reached 27%, state oil...

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