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Newfoundland and Labrador gov’t considers selling stakes in offshore assets

OilNOW -
The government of Newfoundland and Labrador has announced its consideration of selling stakes in the province's offshore oil industry, revealing plans to move forward with phase three of the comprehensive review of current oil and gas interests. The government is...
News

Stena Carron off to Spain for survey; will return to Guyana

OilNOW -
Stena Drilling recently announced on LinkedIn that the Stena Carron, a dynamically positioned, harsh environment, ultra-deepwater drillship, has departed Guyana for Las Palmas, Spain. The vessel will undergo a Special Periodic Survey (SPS) in Spain. The SPS is a...
News

Development of Reg. 3 would have been curtailed without GAICO facility – Pres. Ali as US$30 million project commissioned 

OilNOW -
The value created by GACIO’s US$30 million marine facility on the West Bank of Demerara was enormous, said Guyana President Irfaan Ali at the commissioning ceremony on Jan. 13.  Ali delivered the feature address at the event and said the...
Business Wire

Pembina Pipeline Corporation Announces $1.8 Billion Public Note Offering

CALGARY, Alberta--(BUSINESS WIRE)--Pembina Pipeline Corporation ("Pembina" or the "Company") (TSX: PPL; NYSE: PBA) announced today that it has agreed to issue $1.8 billion aggregate principal amount of senior unsecured medium-term notes (the "Offering"). The Offering will be conducted in...
News

Westwood forecasts varied offshore rig dayrates in 2024 after record highs in 2023

OilNOW -
Westwood Global Energy Group reported a steady increase in dayrates for jackups, semisubmersibles, and drillships throughout 2023, with the latter two types seeing dayrates reaching or exceeding US$500,000 per day, excluding additional services. Westwood noted that the surge in rates,...
Business Wire

Hunting PLC (“Hunting” or “the Company” or “the Group”) 2023 Year-end Trading Update

LONDON--(BUSINESS WIRE)--Hunting PLC (LSE: HTG), the precision engineering group, today issues a year-end trading update ahead of announcing its 2023 Final Results on Thursday 29 February 2024. All financial data noted below remains subject to audit. Highlights 2023 trading and financial outturn...
News

Mexico’s upstream slowdown seen as opportunity for Guyana

OilNOW -
According to a recent article by S&P Global Commodity Insights, the upstream oil and gas activity in Mexico is anticipated to experience a slowdown in 2024. This situation has emerged as companies foresee limited new opportunities following the election...
News

GAICO to commission US$30 million marine facility this weekend 

OilNOW -
GAICO Construction and General Services is set to commission a US$30 million marine facility in Guyana, located at Nismes Foreshore, West Bank Demerara, housing a wharf, dry dock laydown, and storage yard.  In its project summary to the Environmental Protection...
News

Libra Consortium approves gas separation project in Brazil’s Mero Field 

OilNOW -
The Libra Consortium, a Petrobras-led group, has officially greenlit a natural gas and CO2 separation and reinjection initiative in the Mero field, located in the Brazilian deep offshore pre-salt region. The move, marking the final investment decision, aims to...
News

Petrobras-led group makes order with TechnipFMC valued over US$1 billion

OilNOW -
TechnipFMC announced a major integrated engineering, procurement, construction, and installation (iEPCI™) contract awarded by Petrobras. This contract, valued over US$1 billion, is for the Mero 3 HISEP® project, an endeavor utilizing subsea processing to capture and inject carbon dioxide-rich...
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Topside fabrication advances for Jaguar FPSO; GranMorgu work to start in second half of 2025, SBM says

Topside module fabrication for the Jaguar floating production, storage and offloading vessel (FPSO) is progressing as planned, SBM Offshore...

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