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Jaguar FPSO award is SBM Offshore’s first on ‘sale and operate’ model – CEO

OilNOW -
Øivind Tangen, Chief Executive Officer of SBM Offshore said that the company’s latest award for the Jaguar floating production, storage and offloading (FPSO) vessel is its first to be based on a sale-and-operate model.  Jaguar is its fifth for ExxonMobil...
Business Wire

ICL Reports First Quarter 2024 Results

Delivers solid sequential quarterly improvement in sales of $1.7 billion and adjusted EBITDA of $362 millionTEL AVIV, Israel--(BUSINESS WIRE)--ICL (NYSE: ICL) (TASE: ICL), a leading global specialty minerals company, today reported its financial results for the first quarter ended...
News

SLB announces EPCI award from OKEA for development of Norway’s Bestla project

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SLB announced the award of a sizeable integrated engineering, procurement, construction, and installation (EPCI) contract by OKEA to its OneSubsea™ joint venture and Subsea7. The contract will see the partnership develop the Bestla (formerly known as Brasse) project in...
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Guyana-Suriname Basin currently utilizes a third of Noble’s drillship fleet

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Five of the 15 drillships in Noble’s fleet are currently under contract offshore Guyana and Suriname, in aid of exploration and development works in the basin.  A May 6 Fleet Status Report from Noble noted that four ships are in...
News

Seatrium gets job to integrate topsides for MODEC’s Errea Wittu FPSO

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Seatrium Limited said it got a job to integrate the topsides for the Errea Wittu floating production, storage and offloading (FPSO) vessel. Offshore Frontier Solutions Pte. Ltd., a MODEC Group Company, issued the award. The contract scope of work covers...
Business Wire

Kosmos Energy Announces First Quarter 2024 Results

DALLAS--(BUSINESS WIRE)--Kosmos Energy Ltd. (“Kosmos” or the “Company”) (NYSE/LSE: KOS) announced today its financial and operating results for the first quarter of 2024. For the quarter, the Company generated a net income of $92 million, or $0.19 per diluted...
Business Wire

Kindeva Drug Delivery Invests in Second Manufacturing Line for Greener Inhalers at UK Manufacturing Site

WOODBURY, Minn. & ST. LOUIS--(BUSINESS WIRE)--Kindeva Drug Delivery (Kindeva), a global leader in drug-device combination products, today announced its investment in a second manufacturing line for the production of pressurized metered-dose inhaler (pMDI) products containing low-GWP (Global Warming Potential)...
News

SLB, Equinor, SIA in long-term deal for exploration offshore Norway, Canada

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SLB (formerly Schlumberger) said it brokered a long-term strategic collaboration agreement between Equinor ASA and the Subsea Integration Alliance, comprising OneSubsea™ and Subsea7. The pact was signed in Stavanger, Norway.  The agreement kickstarts exploratory efforts on two ventures: the Wisting...
News

Exxon affirms it will relinquish portion of Stabroek Block in October

OilNOW -
ExxonMobil is set to relinquish 20% of the 6.6-million-acre Stabroek Block in October, as required by its petroleum agreement with the government.  Alistair Routledge, President of ExxonMobil Guyana, affirmed the company will relinquish acreage to the government, in an April...
News

ExxonMobil Guyana to enhance logistics with new freight forwarding agreement

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ExxonMobil Guyana Limited (EMGL) is gearing up to finalize an agreement for freight forwarding services to seamlessly move company materials, equipment, and supplies to and from designated origins and destinations.  According to a public request for information (RFI), under the...
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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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