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Hess $275M deal to help fund Stabroek investment

OilNOW -
Hess will receive approximately $275 million in cash and approximately 115 million newly issued units in Hess Midstream Partners LP (NYSE: HESM) as part of a proposed transaction announced on Friday by HESM. Hess said cash proceeds from the transaction will help to fund its project...
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Brazil’s Petrobras pushes ahead with onshore field sales

OilNOW -
(S&P Global Platts) Brazilian state-led oil company Petrobras completed the sale of onshore oil fields in the Potiguar Basin and put several exploration blocks in the Reconcavo Basin up for sale as the company continued to shed onshore assets...
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TMC to supply marine compressed air system for Liza Unity FPSO

OilNOW -
Shanghai Waigaoqiao Shipbuilding has awarded TMC Compressors of the Seas (TMC) a contract to supply the marine compressed air system to the Liza Unity FPSO. Under the contract, TMC will provide a large compressed air system consisting of frequency-controlled instrument air compressors,...
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Cargo Consolidators Agency launches Guyana subsidiary for O&G supplies

OilNOW -
Cargo Consolidators Agency (CCA), a Trinidad-based company with over 40 years of experience in international freight, launched its Guyana subsidiary at the Marriott Hotel, Georgetown on Friday evening. The company has been involved in the international movement of oil &...
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Guyana will require fewer petroleum engineers per barrel of production than T&T

OilNOW -
The University of Guyana (UG) has added an Associate’s program in Petroleum Engineering and a Master’s Degree in Petroleum Engineering, in response to the country’s rapidly growing hydrocarbon industry. With expectations high among Guyanese, more so, potential students, for training...
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IMF urges implementation of EITI report recommendations to strengthen governance

OilNOW -
The International Monetary Fund is urging the Government of Guyana to implement the recommendations of the first Extractive Industries Transparency Initiative (EITI) report for Guyana, submitted by the Independent Administrator BDO LLC in April 2019. This is according to an...
News

Liza Destiny FPSO sails in on tide of good fortunes for Guyana

OilNOW -
Along with its arrival, the 120,000 bpd Liza Destiny FPSO has brought with it good tidings, hope and an opportunity for a brighter future for Guyana; a small country of just over 750,000 people, located on the northern tip...
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Business leader wants equal pay for equal work in Guyana’s emerging O&G sector

OilNOW -
A private sector executive in the South American country of Guyana is calling for equal pay for equal work in the nation's emerging oil and gas sector, regardless of nationality or gender orientation. Ramesh Persaud, who is the Chief Executive...
News

SBM Offshore signs long-term deal with ExxonMobil for FPSO orders

OilNOW -
Dutch floater specialist SBM Offshore and ExxonMobil have signed a Long-Term Agreement covering potential future FPSO orders. SBM last week delivered the first FPSO – Liza Destiny – for ExxonMobil’s Liza Phase 1 Development project offshore the South American country...
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Liza Destiny helideck gets certification

OilNOW -
On Tuesday, the Floating, Production, Storage and Offloading (FPSO) vessel, Liza Destiny, received its first helideck inspection certificate from the Guyana Civil Aviation Authority (GCAA). A helideck is a platform on a vessel or offshore structure, which allows helicopters to...
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Saipem targets local content growth in logistics, fabrication for Suriname oil project

PARAMARIBO, SURINAME – Saipem is setting the stage for major local content contributions in Suriname through its work on...

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