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Italian energy group Saipem bounces back with record orders, improved margins

OilNOW -
Saipem, the Italian energy services group, is making significant strides in its recovery efforts. The company is nearing the completion of troublesome projects that prompted a capital raise last year, according to the chief executive officer, Alessandro Puliti. He...
News

Seaway7 gets substantial award for work in Baltic Sea

OilNOW -
Seaway7, part of the Subsea7 Group, confirmed on October 24, the award of a substantial contract by Equinor and Polenergia for the inter-array cables of the MFW Bałtyk II and MFW Bałtyk III bottom-fixed offshore wind projects, in the Polish...
News

Welding, laying of pipeline on target for 2024 Gas-to-Energy roll out – Exxon

OilNOW -
ExxonMobil Guyana said it remains on track to complete the pipeline for the country’s Gas-to-Energy project set to come online in 2024.  Providing an update on October 17, President of the company, Alistair Routledge, said pipelaying is currently underway in...
News

QatarEnergy, Shell strengthen global partnership with 3.5 MTPA LNG deal

OilNOW -
QatarEnergy and Shell have cemented their partnership with the signing of two significant long-term LNG sale and purchase agreements (SPAs) for the supply of up to 3.5 million tons per annum (MTPA) of liquefied natural gas (LNG). The agreements...
Business Wire

AeroDef Manufacturing 2023 Exhibitor Preview: Aerospace and Defense Global Suppliers, Distributors and Equipment Builders to Demonstrate Innovative Technologies and Solutions for Sector Manufacturers

LONG BEACH, Calif.--(BUSINESS WIRE)--AeroDef Manufacturing 2023, an SME event produced in partnership with original equipment manufacturers (OEMs), is a leading technical conference and exposition for the aerospace and defense manufacturing industry. Attendees at AeroDef can engage with large- and...
News

U.S. to add 6 million barrels more to strategic petroleum reserves by December 

OilNOW -
The U.S. Department of Energy has taken steps to acquire six million barrels of crude oil, scheduled for delivery between December and January, as part of its energy security strategy. Market reports suggest that the purchase contracts will be...
News

“We are not going to weaken the PSA to suit ExxonMobil” – Jagdeo

Shikema Dey -
Guyana’s Vice President Bharrat Jagdeo said on Thursday that the government does not intend to alter its new production sharing agreement (PSA) to suit ExxonMobil - the lone producer offshore. The new terms do not apply to the Stabroek Block...
News

China Merchant Heavy Industries selects TMC Compressors for SBM Offshore FPSO project

OilNOW -
China Merchant Heavy Industries (CMHI) has awarded a contract to TMC Compressors (TMC) to deliver a marine compressed air system for a new build production vessel being constructed for SBM Offshore. TMC will supply a large-capacity marine compressed air system,...
News

Guyana moves to map out its natural gas development plan

OilNOW -
Guyana is on the brink of unveiling its draft national gas utilization strategy.  This was shared by Vice President Bharrat Jagdeo during a weekly press conference on October 12 where he indicated that public consultations would commence soon. Jagdeo announced, “We...
News

Guyana reissues request for proposals for its largest renewable energy project

OilNOW -
The Government of Guyana has reissued a request for proposals (RFP) for the Amaila Falls hydropower project (AFHP), the country's largest renewable energy project.  The move comes after a previous RFP in 2021 failed to secure a lasting contract with...
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ExxonMobil drilling Hamlet-1 well in gas-rich southeastern Stabroek Block

ExxonMobil has started drilling the Hamlet-1 exploration well in the southeastern section of Guyana’s Stabroek Block. This area near...

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