Showing results for:

News

Noble made US$586 million from contract drilling services in Q4 2022

OilNOW -
Noble Corporation said its revenue from contract drilling services for the fourth quarter of 2022 totaled US$586 million compared to US$289 million in the third quarter. It said the increase is primarily attributable to the business combination with Maersk...
News

Revving up for change: How Guyana and oil companies navigate a complex relationship in the new era

Kemol King -
The relationship between the Guyana government and the Stabroek Block co-venturers is yielding projects that will make Guyana the world’s largest per capita producer of oil. The arrangement is extremely rewarding for all parties. But Vice President Dr. Bharrat...
News

DOF Subsea snags US$19M contract for SURF project offshore Brazil

OilNOW -
DOF Subsea Brasil has secured a charter for its remotely operated vehicle (ROV) support vessel, Geoholm. DOF said that the 85.7-metre-long vessel and its ROV will be used for a 'major' subsea umbilical, riser, and flowline (SURF) project offshore Brazil.  The...
News

‘Don’t ask me the question a hundred times!’ – Ali says Exxon contract stays

Kemol King -
Guyana President Dr. Mohamed Irfaan Ali said Friday that discourse in Guyana about the Stabroek Block Production Sharing Agreement (PSA), particularly the call for renegotiation, has become one of obsession and paranoia. “Don’t ask me the question a hundred times,”...
News

BP extends Stena IceMAX contract for drilling in Gulf of Mexico

OilNOW -
BP has extended its contract for utilisation of the mobile offshore drilling unit (MODU) Stena IceMAX, Stena Drilling said Tuesday. This extension shall see the MODU mobilise to the United States Gulf of Mexico in direct continuation of the initial...
News

BP scaling back oil and gas withdrawal, rakes in US$27.7 billion in profits for 2022

OilNOW -
UK supermajor, bp has decided that it will be producing oil and gas longer than it intended to, in direct response to the world’s growing energy needs. But it is not dialling back on its transition to green energy; bp...
News

Stena Drilling’s Spey platform contracted by Ithaca Energy for UK offshore

OilNOW -
Stena Drilling announced that it signed a new Contract with Ithaca Energy (UK) Limited for Mobile Offshore Drilling Unit (MODU) Stena Spey. The Stena Spey is a Friede & Goldman L907 (enhanced Pacesetter) twin pontoon, column-stabilised, semi-submersible offshore drilling unit.  The...
News

Guyana House approves second national budget to be supported by oil revenues

OilNOW -
Guyana’s Finance Ministry announced Thursday that the Parliament has approved the GY$781.9 billion (US$3.75 billion) national budget for 2023. The approval follows two weeks of debates and hearings on various aspects of the budget. Minister of Finance, Dr. Ashni Singh...
News

TechnipFMC scores significant subsea contract from Brazil’s Petrobras

OilNOW -
Subsea giant, TechnipFMC, announced the receipt of a substantial master services agreement (MSA) from Brazil’s state-owned entity Petrobras. For TechnipFMC, a substantial contract is valued between US$250 million and US$500 million. Jonathan Landes, President, Subsea at TechnipFMC, commented: “This new MSA...
News

Guyana sets aside GY$500 million to boost capacity to manage oil sector

Shikema Dey -
Out of Guyana’s massive GY$781.9 billion budget, the government has allocated GY$500 million towards the improvement of institutional capacity for the management of the oil and gas sector. The funding comes from a World Bank US$20 million loan approved...
1...333435...301Page 34 of 301

Latest News

NewsShikema Dey -

Chevron’s entry strengthens Guyana oil sector despite Venezuela ties – Rystad Energy  

Chevron’s entry into Guyana’s Stabroek Block will not disrupt ongoing operations, according to Schreiner Parker, Partner and Head of...

OilNOW is a Resource Center founded and owned by Guyanese. OilNOW is an apolitical, non-partisan, privately owned agency that strives to ensure the highest degree of accuracy and balance.

Quick Access

Company Info

Social Networks