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TechnipFMC secures major subsea contract for Exxon’s Whiptail project

OilNOW -
TechnipFMC has been awarded a large contract in Guyana’s Stabroek Block by ExxonMobil Guyana to supply subsea production systems for the Whiptail project. The contract value is between US$500 million and US$1 billion. This follows the greenlighting of the project...
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S&P sees Guyana’s oil production tripling in value to US$33 billion by 2030

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Guyana’s annual oil exports are expected to triple in value from US$11 billion in 2023 to US$33 billion by 2030, according to a recent report from S&P Global Commodity Insights.  "In real terms, the value of Guyana's oil production is...
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Subsea7 gets Gulf of Mexico tieback contract

OilNOW -
Subsea7 announced the award of a sizable contract by Talos Energy for the Sunspear development in Green Canyon Block 78, in the Gulf of Mexico. The deal is valued in the range US$50-150 million. The project involves the subsea tie...
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Heritage Petroleum commissions offshore oil well S-938

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Heritage Petroleum Company Limited has unveiled its latest offshore oil well, S-938. Situated within the Soldado East Field, the said S-938 well is poised to make a substantial contribution to the company’s revenue with an expected average daily rate of...
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PGS secures major 3D seismic contract offshore South Atlantic margin

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Marine seismic data company PGS has been awarded a contract for a large 3D project offshore the South Atlantic margin by a multiclient company.  The contract falls within PGS' criteria for announcing contract awards of over US$10 million, but its...
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PETRONAS extends drillship contract for additional well in Suriname’s Block 52

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PETRONAS Suriname E&P B.V. has opted to extend the contract for the 7th generation drillship Noble Voyager to drill an additional well in Block 52 offshore Suriname, Noble Corporation said in a LinkedIn post.  The contract, valued at a day...
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Ali in fiery exchange with BBC journalist about Guyana’s oil

OilNOW -
Guyana’s President, Dr. Mohamed Irfaan Ali, sat down for an interview with BBC journalist, Stephen Sakur, on the sidelines of the Guyana Energy Conference and Supply Chain Expo in February. The discussion about Guyana’s oil got heated quickly as...
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Chevron CEO says ExxonMobil discussions over prolific oil field offshore Guyana “ended abruptly”

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(Bloomberg) – Chevron Corp.’s discussions with Exxon Mobil Corp. and China’s Cnooc Ltd. over a prolific oil field off the shores of Guyana ended “abruptly” a few weeks ago, Chief Executive Officer Mike Wirth said. Chevron held constructive talks with...
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Saipem field development ship conducting installation for Exxon’s next big oil project

OilNOW -
The Saipem FDS2 vessel is engaged in installation activities offshore Guyana, in support of ExxonMobil’s massive Yellowtail development project, according to an update from Guyana’s Maritime Administration Department.  The vessel is expected to operate through 2024 in anticipation of production...
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Blue Water secures vital logistics contract for Noble Drilling’s Suriname operations

OilNOW -
Blue Water Shipping has successfully clinched a contract with Noble Drilling to support its operations in Suriname. Blue Water Shipping in an announcement via LinkedIn said the agreement encompasses customs brokerage, local logistics services, domestic transport, and personnel services...
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OMS Subsea debuts operations in Guyana, bringing ROV and diving support to oil industry

OMS Subsea officially launched its operations in Guyana, introducing remotely operated vehicle (ROV) and diving support services to the...

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