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Equinor operating world’s first wind farm for offshore oil and gas

OilNOW -
Equinor is operating the world's first wind farm designed specifically to power offshore oil and gas platforms. Known as Hywind Tampen, this innovative project has revolutionized the industry by combining offshore wind power with traditional oil and gas operations. Located...
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Big contract opportunities for Guyanese with VEHSI

OilNOW -
Vreed-en-Hoop Shorebase Inc. (VEHSI) is inviting locally registered suppliers to provide 91 services in support of its operations. The Expression of Interest (EOI) submissions are due by May 29, 2023. VEHSI is a joint venture between NRG Holdings Inc., a...
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Dyna-Mac net order book up to US$457.8 million as fresh contracts secured 

OilNOW -
Singapore-based engineering firm Dyna-Mac Holdings Ltd. has announced that it has secured several firm contracts from its repeat customers, totaling a provisional sum of US$203.3 million (S$270 million).  The contracts include the construction of Topside Modules for a Floating Production,...
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Equinor advancing Brazil project with subsea contract to TechnipFMC

OilNOW -
TechnipFMC said it has been awarded a major (>US$1 billion) contract for an integrated Engineering, Procurement, Construction, and Installation (iEPCI™) project by Equinor Energy do Brasil Ltda., a subsidiary of Equinor ASA (Equinor). TechnipFMC Guyana team cops ExxonMobil safety award...
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TotalEnergies to FID Angola oil development this year 

OilNOW -
TotalEnergies EP Angola, in partnership with Agência Nacional de Petróleo, Gás e Biocombustíveis (ANPG) and Sonangol Pesquisa e Produção S.A, has signed a heads of agreement related to the future development of the Cameia and Golfinho fields, located on...
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Eni contracts Saipem’s Santorini drillship for two more years at US$280 million

OilNOW -
Saipem said it has been awarded a two-year contract extension by Eni S.p.A. for the use of the Santorini drillship in the Gulf of Mexico. The contract extension, which will give continuity to ongoing activity, will come into force...
News

A look at Latin America & Caribbean countries pursuing new oil & gas bid rounds

Shikema Dey -
Countries in Latin America and the Caribbean, like their counterparts around the world, are forging ahead with plans to accelerate the development of their oil and gas resources. This has seen countries such as Guyana and Suriname rolling out...
News

Ministry still accepting comments on Guyana’s model contracts – Jagdeo 

OilNOW -
The Ministry of Natural Resources of Guyana continues to accept comments on the draft model Production Sharing Agreements (PSA), which will apply to the ongoing bid round. Despite the deadline for comments having passed, Vice President Dr. Bharrat Jagdeo...
News

Revision of new oil laws behind Guyana bid round extension – Vice President Jagdeo 

OilNOW -
Guyana extended its bid round beyond the original May deadline, because government needed more time to consult on a revision of its oil laws.  Vice President Dr. Bharrat Jagdeo revealed this Thursday during a media conference, a day after the...
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How companies can win in the upcoming oil auctions in Guyana

OilNOW -
By Arthur Deakin - OilNOW Within months, Guyana is expected to have auctioned 14 different oil blocks surrounding the biggest offshore oil discovery in the last decade. The government has announced that there could be 25 billion barrels of...
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Promises for oil & gas unveiled as Guyana’s landmark elections now just days away  

Oil is a major discussion point ahead of Guyana’s September 1 general election. The ruling People’s Progressive Party/Civic (PPP/C)...

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