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Exxon conducting baseline survey at Guyana’s largest oil block

Offshore supply ship HOS Brass Ring is one of several vessels supporting an Environmental Baseline and Geotechnical Survey operation at the ExxonMobil-operated Stabroek Block offshore Guyana. The vessel departed from Carenage, Trinidad and Tobago, last Wednesday and arrived in...

World’s largest oilfield services company posts massive US$7.5 billion Q3 earnings

Schlumberger, now called SLB, the world’s largest oilfield services provider and a key contractor for ExxonMobil’s operations in Guyana, has recorded a US$7.5 billion earning in the 2022 third quarter. This represents a 10% growth over the 2022 second...

The oil belongs to the people; we’re committed to ensuring they benefit from it – Routledge

ExxonMobil is the latest in over 20 oil and gas companies operating in Guyana to have their five-year Local Content master plans approved by the regulator. Exxon, Saipem Guyana Inc., and Gulf Engineering Services Guyana Limited got their approvals this...

Builder of Guyana oil production vessels meets with local suppliers on catering needs

SBM Offshore recently met with several local catering companies on its procurement process, current contract opportunities and related requirements. According to a post on its Facebook page, the company said this session, at the invitation of the Local Content Secretariat, followed the...

Exxon awards multi-million-dollar contract to DOF Subsea for work in Stabroek Block

DOF Subsea has been awarded a NOK$2.7 billion (US$256.1 million) contract by ExxonMobil to execute works in Guyana’s offshore Stabroek Block where 11 billion barrels of oil-equivalent have already been discovered. DOF Subsea said the contract will last three years...

Gov’t to identify legal, financial team to support catering consortium for oil sector market

As the Ministry of Natural Resources reconvened with major Guyanese caterers from across the country, Minister of Natural Resources Vickram Bharrat has committed to identifying a team to support the birth of the caterer consortium. During the second meeting Bharrat...

Ramps at risk of losing US$25 million Exxon contract, laying off 100 workers without Local Content Certificate – court documents

If Ramps Logistics Guyana Inc. is not granted a Local Content Certificate of Registration, it will likely lose significant contracts with major industry players like ExxonMobil affiliate, Esso Exploration and Production Guyana Limited (EEPGL). According to court filings which form part of...

New local catering consortium to get tax waivers for Guyana oil sector market

Guyana’s government is working to see major local caterers tap into the multi-million-dollar catering industry for the nation's petroleum sector. To achieve this, the Minister of Natural Resources Vickram Bharrat; Director of the Local Content Secretariat Martin Pertab and other...

Saipem awarded largest single offshore contract in its history

Encompassing two offshore gas compression complexes in Qatar, Italian oilfield services company Saipem said on Wednesday it has been awarded the largest single offshore contract by total value in its history. The agreement was made with Qatargas for the North...

Petrobras adds two massive new oil platforms to rising offshore fleet

Brazil’s offshore fleet of floating oil platforms has grown by two as Japanese contractor MODEC announced that the ‘Almirante Barroso MV32’ has arrived on Brazilian shores while the Anita Garibaldi is en route. The first vessel arrived on October 5...

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David Phillips: Building skills and people at TechnipFMC

David Phillips’ path to TechnipFMC started far from the oilfields — in mining. “My background is largely in mining,”...