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Guyana gov’t to plug US$121 million more into Gas-to-Energy project

OilNOW -
The Guyana government approached the Parliament on November 25 for more money to continue the development of the Gas-to-Energy project, a landmark energy expansion endeavor.  Senior Minister in the Office of the President with responsibility for Finance and the Public...
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Exxon pulls out of Suriname’s Block 52

OilNOW -
ExxonMobil has pulled out of Suriname’s Block 52, where three hydrocarbon discoveries have already been made. State oil company Staatsolie said the oil major’s local affiliate, ExxonMobil Exploration & Production Suriname B.V., formally indicated its withdrawal on November 14.  “The withdrawal...
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Exxon to host virtual feedback session for Guyana vendors

OilNOW -
ExxonMobil Guyana Limited (EMGL) is organizing a Contracting Activity Feedback Session for vendors on Thursday, December 12, 2024.  ExxonMobil initiates search for telecom cabling services in Guyana | OilNOW  The company indicated that the virtual meeting would run from 9:00 a.m....
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Exxon testing Guyana market for fabrication, machining, and repair services

OilNOW -
ExxonMobil Guyana Limited (EMGL) is conducting a Local Market Condition Survey to assess the capabilities of local suppliers for fabrication, machining, and repair work.  The company in a public request for information said the survey aims to identify qualified suppliers...
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SBM Offshore expects US$1.9 billion in EBITDA this year, driven by Guyana FPSO sales

OilNOW -
SBM Offshore has updated its 2024 guidance for earnings before interest, taxes, depreciation and amortization (EBITDA)to US$1.9 billion, representing a 46% increase from the previous US$1.3 billion projection.  This significant boost is primarily attributed to the completion of the US$1.23...
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Saipem, TechnipFMC hired for subsea work on Block 58 development

OilNOW -
Saipem and TechnipFMC said they were hired to undertake subsea work in support of the first oil development offshore Suriname. The Gran Morgu project is being pursued by TotalEnergies, in partnership with APA Corporation. The project will combine TechnipFMC’s subsea...
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SBM Offshore, Technip Energies to deliver ‘all-electric drive’ FPSO for Suriname’s first deepwater development

OilNOW -
SBM Offshore said it has been awarded, in partnership with Technip Energies, contracts for the Gran Morgu field development project in TotalEnergies’ Block 58. Under these contracts, the duo will construct and install an all-electric drive floating production, storage and...
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Guyana inks deal for second powership as holiday season approaches

OilNOW -
The Guyana government has inked a contract for a second powership to be deployed in Guyana by UCC Holdings, for the delivery of 75 megawatts (MW) of additional generating capacity. The agreement was signed on November 13 in Georgetown, by...
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Halliburton setting up shop in Namibia

OilNOW -
Halliburton said it will open new facilities in Namibia, the growing oil frontier in southern Africa. The company said its in-country operations will be supported by facilities at Windhoek, Walvis Bay, Swakopmund, and Lüderitz—a combined footprint of 20,000 m². The...
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Guyanese companies to fabricate over 300 tonnes of steel for Jaguar FPSO

Kemol King -
Three skilled Guyanese companies have cinched contracts to conduct specialized fabrication services with a view to deliver more than 300 tonnes of steel for the Jaguar floating production, storage and offloading (FPSO) vessel. The massive ship is being constructed...
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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...

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.

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