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Halliburton Guyana seeks real estate services for expansion of operations

In a recent Expression of Interest (EOI), Halliburton Guyana Inc., a key contractor for ExxonMobil Guyana, has announced its quest for suitable firms to provide real estate services.  The scope of this endeavour is for the construction of new office...

Equinor advances gas field development in Brazil’s Campos Basin

Norwegian oil and gas company Equinor, in partnership with Repsol Sinopec Brasil and Petrobras, has submitted declarations of commerciality and plans of development for two substantial fields in the BM-C-33 concession in the Campos Basin, offshore Brazil. Equinor is the...

First floating wind unit built by SBM Offshore installed for Provence Grand Large project

SBM Offshore, builder of Guyana's floating production, storage and offloading (FPSO) vessels, has made another achievement in its pursuit of cleaner, greener energy solutions, this time by harnessing the power of the ocean to generate wind energy. The company successfully...

Guyana says Venezuela’s latest overture puts peace in the region at risk

Guyana has signaled that Venezuela’s recent statements on the ongoing border controversy, including attempts to undermine Guyana’s bid round, are a threat to peace in the region. The Venezuelan government has criticised Guyana's decision to hold a licensing round for...

Guyana reaffirms right to pursue investment in its territory, as Venezuela objects to bid round

President of Guyana, Dr. Mohamed Irfaan Ali, is staunchly reaffirming Guyana’s right to pursue economic activities within its territory, after a recent statement by the Bolivarian Republic of Venezuela condemning Guyana's offshore licensing round. In the official release, Venezuela stated:...

US$9.8 billion set aside by Petrobras to push decommissioning strategy

Petrobras has inked an agreement with Porto do Açu, located in São João da Barra, Rio de Janeiro (RJ), to facilitate the sustainable decommissioning of oil and gas platforms. The new partnership aims to ensure environmentally responsible platform decommissioning.  The...

Ali, Jagdeo see response to Guyana’s first bid round as favourable, given new fiscal terms

President of Guyana Dr. Mohamed Irfaan Ali and Vice President Dr. Bharrat Jagdeo say the government is pleased with the interest shown in the country's first offshore licensing round, despite receiving bids for only eight out of the 14...

Petrobras in final preparatory stage to start production from Sepetiba

The FPSO Sepetiba, a floating production, storage, and offloading (FPSO) platform, has arrived in Brazil from China. After undergoing necessary legal and technical procedures, the FPSO will be deployed to the Mero field in the Santos basin's Libra section.  This...

Perma-Pipe International Holdings, Inc. Announces its Second Quarter Fiscal 2023 Financial Results

The Company generated net sales of $35.1 million as compared to $37.0 million in the first quarter of 2022 Income before income taxes of $2.1 million versus $2.8 million in the second quarter of 2022 Backlog of $63.9 million at July...

Hunting PLC (“Hunting” or “the Company” or “the Group”) Capital Markets Day

LONDON--(BUSINESS WIRE)--Hunting PLC (LSE:HTG), the global engineering group, provides the following update ahead of its Capital Markets Day that will be held today at 2.00pm BST / 8.00am CST at the London Stock Exchange. The Company’s senior management team will...

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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...