Showing results for:

News

SBM Offshore to deliver three FPSOs in 2025 amid strong market demand 

OilNOW -
SBM Offshore said it is on track to bring three major FPSOs online in 2025, with FPSO Almirante Tamandaré, FPSO Alexandre de Gusmão, and FPSO ONE GUYANA progressing steadily toward key milestones. Chief Executive Officer, Øivind Tangen, confirmed this in...
News

TechnipFMC mobilizes first subsea 2.0® tree from Guyana for Uaru development

OilNOW -
TechnipFMC marked a key milestone for its configure-to-order Subsea 2.0® platform, which has benefited from its global talent pool. Celebrating the key moment on Wednesday, teammates proudly posed with the company’s first Subsea 2.0® tree mobilized for transport from...
News

Staatsolie advances offshore projects as treasury contributions top US$300M for 3rd year 

OilNOW -
Staatsolie Maatschappij Suriname N.V. has contributed US$384 million to Suriname’s state treasury for the 2024 fiscal year. The company reported total revenue of US$735 million, slightly up from US$722 million in 2023. This is the third consecutive year Staatsolie’s contribution...
News

ExxonMobil Guyana launches drone surveillance along Gas-to-Energy pipeline route

OilNOW -
ExxonMobil Guyana announced the start of drone surveillance along the Gas-to-Energy (GTE) pipeline right-of-way (RoW), which runs from Nouvelle Flanders on the West Coast Demerara to Reynstein on the West Bank Demerara. On Tuesday, the company announced on Facebook that...
News

Guyana’s Gas-to-Energy project wins Deal of the Year at EXIM 2025 Conference

OilNOW -
The Export-Import Bank of the United States (EXIM) has awarded its prestigious Deal of the Year Award to the Guyana Gas-to-Energy Project at the 2025 annual conference, the institution announced on April 30.  The winning collaboration includes Lindsayca, CH4 Systems,...
News

TechnipFMC posts US$2.2B first quarter revenue

OilNOW -
TechnipFMC reported total revenue of US$2,233.6 million in the first quarter of 2025, with net income (attributable to the company) of US$142 million, or US$0.33 per diluted share.  TechnipFMC said its after-tax charges and credits totaled US$0.9 million in expenses....
News

Exxon to relinquish 9% of Stabroek Block acreage

OilNOW -
ExxonMobil will relinquish at least 9% of the vast Stabroek Block in Guyana as required by its petroleum agreement, according to the Ministry of Natural Resources. The Stabroek Block, spanning 26,800 square kilometers, is the centerpiece of Guyana’s deepwater oil...
News

Baker Hughes posts record Q1 results, secures key Guyana and global deals

OilNOW -
Baker Hughes announced strong first-quarter results, driven by “record orders and major contract wins. The company released its 2025 quarter report on April 22, revealing that it has secured a significant award from ExxonMobil Guyana. It will supply specialty chemicals...
News

MODEC’s Guyana work accounted for 33% of its 2024 revenue

OilNOW -
In 2024, a third of MODEC's total revenue came from its operations in Guyana, as the company gears up to supply a large floating production, storage and offloading (FPSO) vessel to the Stabroek Block next year. In its annual report,...
News

Guyana among key drivers of global subsea tree demand despite sharp Q1 dip

OilNOW -
Subsea tree unit awards slumped to 32 in the first quarter (Q1) of 2025, marking a 65% quarter-over-quarter decline, according to Westwood’s Global Subsea Tracker. The drop reflects ongoing macroeconomic challenges and inflation-driven delays in project approvals and contract...
1...115116117...300Page 116 of 300

Latest News

NewsOilNOW -

Eight Graduate Engineers complete SBM Offshore Guyana programme, nine join new cohort

Eight young Guyanese engineers have completed SBM Offshore Guyana’s Graduate Engineers’ Programme, marking the end of an intensive 18-month...

OilNOW is a Resource Center founded and owned by Guyanese. OilNOW is an apolitical, non-partisan, privately owned agency that strives to ensure the highest degree of accuracy and balance.

Quick Access

Company Info

Social Networks