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Class action lawsuit filed against TechnipFMC

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(GLOBE NEWSWIRE) -- Pomerantz LLP announces that a class action lawsuit has been filed against TechnipFMC plc (“TechnipFMC” or the “Company”) (NYSE:FTI) and certain of its officers.   The class action, filed in United States District Court, Southern District of...
News

Multiple foreign companies being incorporated weekly in Guyana – Nigel Hughes

OilNOW -
Director of the Guyana Oil and Gas Association, Nigel Hughes, says a development boom is clearly on the horizon in the South American country, fueled by the emerging oil and gas industry. But, it is up to Guyanese to...
Opinions

Urgency required to meet demand for local content in Guyana

OilNOW -
The recent discovery of oil offshore Guyana has created significant excitement for the future of the country and its developing industry. Naturally, the Buzz Phrase being kicked around in every conversation is Local Content.  With Local Content legislation being...
News

No final decision yet on second FPSO for Guyana – ExxonMobil

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US super-major ExxonMobil says it has not yet made a final decision on a second Floating Production Storage and Offloading (FPSO) vessel for development and production operations offshore Guyana.With gross recoverable resources for the Stabroek block now estimated to...
News

Saudi Aramco calls in defense firms for offshore security

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(Reuters) State oil giant Saudi Aramco plans to increase security around its offshore facilities and has received bids for the work from defense firms, industry sources told Reuters. Bidders include Raytheon Co of the United States, Germany's Rheinmetall AG, Leonardo's...
News

Guyana Shore Base Inc. aiming for 100% Guyanese workforce

OilNOW -
On Friday Guyana's Minister of Natural Resources, Raphael Trotman and members of the media were given a tour of the Muneshwer onshore facility; Guyana Shore Base Inc. (GYBSI) located at Houston, Georgetown, Guyana. GYBSI is a consortium of companies which...
News

TechnipFMC says it has aggressive local content policy, “big plans for Guyana”

OilNOW -
TechnipFMC, a leading provider of oil and gas projects, technologies, systems and services, says it has an aggressive local content policy and “big plans for Guyana” as it moves forward with development work offshore the South American country. The...
News

“We have advisors…we may not be running around listing them” – Trotman

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Jones Day, an international law firm based in the United States, and a Norwegian law Firm, are among the team of experts hired by the Guyana government to advise on oil and gas. This is according to Guyana’s Minister...
News

Iran, Total sign historic gas deal

OilNOW -
(Offshore Engineer) Iran signed a new contract to develop its South Pars gas field - the largest gas field in the world - with France's Total and China's CNPC on Monday. The move will be the first major Western energy...
News

ExxonMobil says it is eager to partner with Guyanese businesses

OilNOW -
ExxonMobil announced today the establishment of the Centre for Local Business Development in Georgetown, Guyana, and signaled its commitment to work with the country’s business community. The centre will assist small and medium-sized Guyanese businesses with building their capacity and...
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‘Business as usual’: No disruption in Guyana’s operations despite Venezuela controversy – GCCI Pres.  

Kathy Smith, President of the Georgetown Chamber of Commerce and Industry (GCCI), has made it clear that there has...

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