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Keel-laying done for SBM Offshore’s fifth Fast4Ward vessel

OilNOW -
Shanghai Waigaoqiao Shipbuilding (SWS) has reportedly completed the keel-laying process for the fifth Fast4Ward floating production, storage, and offloading (FPSO) hull, just seven months shy of the initial steel cutting for the vessel. The FPSO was constructed based on SBM...
API

Guyana govt. eyes Stabroek block partners’ nearshoring jobs to give economy US$60 million annual boost

OilNOW -
Guyana’s President, Dr. Irfaan Ali, recently disclosed his interest in bringing closer to these shores some 2000 jobs the ExxonMobil-led consortium in the Stabroek Block contracts overseas. The Head of State believes giving these jobs to locals could lead...
Business Wire

Unit Corporation Declares Quarterly and Special Cash Dividends

TULSA, Okla.--(BUSINESS WIRE)--Unit Corporation (OTCQX: UNTC) (Company) announced today that its board of directors has declared the following cash dividends: a quarterly cash dividend of $2.50 per share of common stock for the fourth quarter of 2023 to be paid...
News

DOF Group honored with 2023 ExxonMobil Ruby Supplier Award for works in Guyana, Equatorial Guinea 

OilNOW -
DOF Group secured an accolade as one of ExxonMobil's distinguished 2023 Ruby award recipients. The evaluation criteria for nominees encompassed facets such as on-time delivery, safety protocols, responsiveness, service excellence, innovation prowess, and dedication to sustainability. Ruby award winners...
News

Atlantic restructuring deal sealed: Energy Chamber applauds achievement

OilNOW -
The Energy Chamber of Trinidad and Tobago welcomed the final signing of the Atlantic restructuring agreement, marking a pivotal moment for the country's gas sector and overall economic landscape. In praising the negotiating teams from bpTT, Shell, the National...
News

BrasFELS shipyard to fabricate critical sections of topside modules for Brazil FPSO

OilNOW -
BrasFELS Shipyard, a member of the Seatrium Group, announced the acquisition of a substantial contract from Offshore Frontier Solutions Pte. Ltd, a subsidiary of the MODEC Group. The contract involves the fabrication of critical sections of the topside modules...
News

Works advance on structure for Guyana’s new Demerara River Bridge 

OilNOW -
The construction of Guyana’s new Demerara River Bridge is progressing smoothly.  Works were 27% completed back in October.  By the end of 2024, Contractor – J.V. China Railway Construction Corporation (International) will hand over to Guyana a four-lane, high-span, cable-stay bridge...
News

Petrobras terminates US$34 million LUBNOR refinery sale with Grepar, faces legal action

OilNOW -
Brazilian state-run oil company Petrobras has terminated the contract for the sale of its Lubrificantes e Derivados de Petróleo do Nordeste (LUBNOR) refinery in north-eastern Brazil. The decision came as Grepar Participações (Grepar), the prospective buyer, failed to meet...
News

Saipem Guyana Inc. seeks occupational health and infirmary services for Stabroek block operations

OilNOW -
Saipem Guyana Inc., one of the major contractors for ExxonMobil's Stabroek Block operations, has issued an Expression of Interest (EOI) for occupational health and infirmary services aimed at enhancing on-site medical provisions and emergency response capabilities. The services encompass comprehensive...
News

50% of UK companies on trade missions have made at least one concrete deal in Guyana – Dr. Singh 

Shikema Dey -
Tangible investments in Guyana have been made by 50% of companies from the United Kingdom (UK) looking to tap into the South American nation’s market. This is according to Finance Minister, Dr. Ashni Singh.  “I will say that previous trade...
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NewsShikema Dey -

PETRONAS secures deepwater Block 66 in Suriname with new contract

PARAMARIBO SURINAME - Staatsolie has signed a production sharing contract (PSC) with PETRONAS Suriname E&P B.V. (PSEPBV) and Paradise...

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