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Publication of contracts, creating bidders’ register part of Guyana’s anti-corruption efforts

OilNOW -
As Guyana continues with the development of its oil bonanza, the International Monetary Fund (IMF) said it is critical that the new producer mitigates any rise in corruption levels as this ultimately undermines overall growth. In a recent report, the...
News

Whose is bigger? Brazil, Guyana will host world’s largest floating oil production vessels

Shikema Dey -
Oil production vessels definitely have a wow factor. Their sheer size, processing power and capability of operating for decades without pause make them truly impressive facilities. The ‘Egina’ is a beast of a floating, production, storage, and offloading (FPSO) vessel...
News

Saipem bags contract for largest discovery in 20 years off Ivory Coast

OilNOW -
Saipem said Tuesday that it got approximately €1 billion added to its order book to aid the Baleine Phase 1 Project, a development of an oil and gas field located at 1,200 metres water depth, off the Ivory Coast. Saipem said...
News

Guyana says new offshore model contract being finalised; auction imminent

OilNOW -
The Guyana government said the Cabinet is working to finalise the model contract which will apply to its offshore auction to be launched soon. The auction will be open for several months, giving companies ample time to prepare competitive packages,...
Opinions

Prioritising Guyana’s Oil Revenue Spending: A Common Sense Approach

OilNOW -
By Dr. Lorraine Sobers - OilNOW What can Guyana learn from Botswana, Ghana, Suriname, Qatar, Trinidad and Tobago, the United Arab Emirates, and Venezuela? There is great interest in this type of analysis - gleaning lessons and best practices from...
News

T&T announces plans to review fiscal regime, make investments more favourable to oil companies

OilNOW -
Trinidad and Tobago’s National Budget, which was presented on Monday by Minister of Finance, Colm Imbert, contained new measures to help revive the country’s oil and gas sector. An impending major development is a review of T&T’s fiscal regime to...
News

Guyana business group lobbying for law that would recognise contracts as collateral for loans

OilNOW -
President of the Georgetown Chamber of Commerce and Industry (GCCI), Timothy Tucker said the organisation is lobbying the Guyana government to pursue the type of legislative changes that would allow new companies to use their contracts as a means...
News

Shell grants EPCI contract to TechnipFMC for Jackdaw development in UK North Sea

OilNOW -
TechnipFMC said Shell granted it a significant engineering, procurement, construction, and installation (EPCI) contract for the Jackdaw development in the United Kingdom (UK) North Sea. Shell took its final investment decision (FID) on Jackdaw in July after securing regulatory approvals....
News

Trinidad & Tobago signs milestone gas supply contract with bpTT

OilNOW -
The National Gas Company of Trinidad and Tobago Limited (NGC) said on Friday that it signed a "milestone" gas supply contract with energy major, bp Trinidad and Tobago (bpTT), to ensure future domestic gas supply for the upcoming years. NGC’s...
News

McDermott bags EPSCI contract from TotalEnergies for Angola project

OilNOW -
TotalEnergies has contracted McDermott for engineering, procurement, supply, construction, installation (EPSCI), pre-commissioning, and assistance to commission and start up its Begonia Project offshore Angola, the latter said on Tuesday. The Begonia field is located in water depths between 400 and...
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Stories Beyond the BarrelShikema Dey -

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,”...

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