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Westwood forecasts global offshore EPC investments at US$62.5 billion in 2023

OilNOW -
Offshore engineering, procurement, and construction (EPC) investments for 2023 are set to reach a staggering total of US$62.5 billion, with US$29 billion already awarded, and an additional US$33.3 billion anticipated for the remainder of the year, according to Westwood...
News

Ithaca Energy Partners targeting US$4.5 million warehouse in Guyana

OilNOW -
Ithaca Energy Partners, an umbrella supply chain execution platform for Guyana's Oil and Gas industry, is investing US$4.5 million in a 40,000 square-foot warehouse at Prospect, East Bank Demerara. ExxonMobil has been looking for warehousing facilities to support its...
News

Builder of Guyana FPSOs hits major milestone with new energy solutions in France

OilNOW -
SBM Offshore has hit a new milestone under its Engineering, Procurement, Construction, and Installation scope. The company announced on Thursday that it has successfully installed three floating wind units for the Provence Grand Large pilot project located 17 kilometers...
News

Guyana to seek new proposals for 165MW hydro project in two weeks

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Guyana's Vice President, Dr. Bharrat Jagdeo, has announced the government's plans to reissue a request for proposals (RFP) for the Amaila Falls hydropower project in a span of two weeks. This move comes after the initial effort to secure...
News

Trinidad’s Energy Chamber urges short-term upstream gas investment amid bid round optimism

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Though Trinidad’s latest shallow water bid round was welcomed by its Energy Chamber, much concern was expressed about the need to stimulate short-term investment in existing acreage to prop up its liquefied natural gas (LNG) sector.  Launched on Oct. 4,...
News

Young says Trinidad has learned from previous disappointing shallow round

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Trinidad and Tobago's Ministry of Energy and Energy Industries has officially unveiled its 2023 Shallow Water Competitive Bid Round. Minister Stuart Young stated, "The Shallow-Water Competitive Bid Round 2023 demonstrates the government's ongoing commitment to the further exploration and...
Business Wire

Samsung Engineering & Svante Unite in MoU for Carbon Capture Advancements in Asia and the Middle East

Samsung Engineering and Svante have signed a memorandum of understanding (MoU) to jointly deliver commercial carbon capture, utilization, and storage projects from the early project development stage through to engineering, procurement, and construction (EPC) across the industrial and energy...
News

Leading energy players close joint venture to transform subsea industry

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Aker Solutions, SLB, and Subsea 7 have successfully concluded their proposed transaction to establish a transformative subsea joint venture, unveiling the new entity under the name "OneSubsea." In an official statement issued on Oct 2, the companies announced that...
News

TotalEnergies sells 40% stake in Angola’s Block 20 to Petronas

OilNOW -
TotalEnergies EP Angola Block 20 has finalised the sale of a stake in a valuable Angola block to PETRONAS ANGOLA E&P LTD (PAEPL), a company belonging to the PETRONAS group of companies.  Petronas has paid US$400 million for a 40%...
News

QatarEnergy hires Hyundai to build 17 LNG carriers

OilNOW -
Marking the coming expansion of Qatar's LNG export capabilities, QatarEnergy has announced a massive deal with Hyundai Heavy Industries (HHI) of South Korea. Under the agreement, HHI will construct 17 state-of-the-art LNG carriers, with the total transaction being valued...
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Battery system arrives in Guyana for delayed Gas-to-Energy project

LNDCH4, the U.S. joint venture building an integrated natural gas processing facility at Wales, announced on Friday the arrival...

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