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Exxon awards contract to Magseis Fairfield for geophysical work in Stabroek Block

OilNOW -
Oslo-listed marine seismic survey firm, Magseis Fairfield, has been awarded a contract by ExxonMobil Guyana to conduct geophysical work in the Stabroek Block. According to Magseis, the contract is for a “large Ocean Bottom Node (OBN) project”, to be conducted using its ZXPLR...
News

Saipem awarded US$900M in contracts for Angola’s first non-associated gas project

OilNOW -
Italian oil services company, Saipem was awarded three contracts totaling US$900 million for works on the Quiluma and Maboqueiro gas fields development project off the northwest coast of Angola. The contracts were awarded by the New Gas Consortium comprised of...
News

Pipe coating contract for Yellowtail awarded to Shawcor

OilNOW -
Canadian oilfield service company, Shawcor Ltd. said its pipe coating division has been awarded a definitive contract by Saipem for ExxonMobil’s fourth Stabroek Block development – Yellowtail. A definitive contract ranges between CA$40 million - CA$50 million. Shawcor will be providing...
News

Transocean nets US$1.2 billion in drilling contracts for Brazil, Gulf of Mexico

OilNOW -
Transocean, the drilling company that was instrumental in making the giant Liza discovery, was contracted in August for drilling in Brazil and the Gulf of Mexico. The combined value of these contracts exceeds US$1.2 billion. The Swiss-based driller said the...
News

Oil exports to surpass US$3B; to represent 59.7% of Guyana’s GDP this year – IDB

OilNOW -
The Inter-American Development Bank (IDB) has commented in one of its latest publications that Guyana’s oil boom will drive hydrocarbon exports beyond US$3 billion this year and also account for 59.7% of Gross Domestic Product (GDP). It further noted in...
News

City Chamber will continue to advocate for sanctity of contract – President

OilNOW -
President of the Georgetown Chamber of Commerce and Industry (GCCI), Timothy Tucker, said in relation to the 2016 Stabroek Block Production Sharing Agreement (PSA), that the organisation's code of conduct requires adherence to contract sanctity. “There's no changing of that,”...
News

Exxon has proven it has a second-to-none approach in growing oil, gas stocks – CEO Woods

OilNOW -
While ExxonMobil Corporation is one of the few oil majors to earn record-breaking quarterly earnings totaling some US$17.9 billion, it did not do so by some mere stroke of good luck. It was due to its commitment to cost...
News

Saipem snags €300M contract to install new offshore gas pipeline in Europe

OilNOW -
A €300 million contract has been awarded to Saipem for work on an offshore gas pipeline in Sicily, Italy. Saipem’s new deal came from Enimed, a subsidiary of Eni – one of the seven supermajors. The Italian engineering and services...
Exploration

100M-barrel Jethro well could be Guyana’s first oil production project outside Stabroek Block

OilNOW -
The fallout from Russia's invasion of Ukraine has resulted in a spike in oil prices. Now, the Orinduik Block partners - Eco Atlantic, Tullow Oil, TotalEnergies and Qatar Energy - plan to revisit the commercialisation potential of the Jethro...
News

With competition rising, oil nations sweetening the pot to attract investors

OilNOW -
In South America and the wider Caribbean region, Guyana is dominating the oil and gas market since emerging in 2015. And now, faced with heavy competition to pull major investors, other oil-producing nations are introducing new regulatory frameworks to...
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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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