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Update: Hull for Guyana’s largest approved oil project delivered

OilNOW -
SBM Offshore said in a first quarter trading update that the hull for the ‘ONE GUYANA’ floating production, storage, and offloading (FPSO) vessel has already been delivered. ‘One Guyana’ will deliver biggest daily production for new oil nation It is a...
News

ConocoPhillips seeks greenlight for US$1.2 billion North Sea oil development

OilNOW -
ConocoPhillips has asked Norwegian regulators to approve its proposed Eldfisk North Project at the Greater Ekofisk Area in the North Sea. Its affiliate and operator of the Area, ConocoPhillips Skandinavia AS, submitted a plan for development and operation (PDO) for...
News

Baker Hughes, Halliburton, Schlumberger get extended contracts with Equinor for integrated drilling, well services

OilNOW -
Norwegian state-owned multinational energy company, Equinor, announced on Friday that it is extending its contracts with Baker Hughes, Halliburton, and Schlumberger for integrated drilling and well services on Equinor-operated fields on the Norwegian continental shelf (NCS). These companies, trusted oilfield...
Opinions

Guyana seeks more diaspora involvement in advancing oil & gas economy

OilNOW -
By Dr. Terrence Blackman and Utamu Belle - OilNOW Guyana's leadership wants Guyanese and its members in the diaspora to play more significant roles in the country's developing oil and gas economy as its key players work on advancing the...
News

Keppel awarded FPSO integration contracts worth around $250 million

OilNOW -
Keppel Offshore & Marine Ltd (Keppel O&M), through its wholly-owned subsidiary Keppel Shipyard Ltd (Keppel Shipyard), has been awarded contracts worth around $250 million (Singapore dollars) from repeat customers for the integration of two Floating Production Storage and Offloading...
News

Construction of US$50M Marriott AC Hotel to begin in June as oil boom pushes demand for accommodation

OilNOW -
Trinuyana Investments Inc., which represents a consortium of Guyanese and Trinidadian investors, has signed a contract with China Habour Engineering Company (CHEC) Ltd. for the construction of a US$50M Marriott AC Hotel. The construction is slated to begin on...
News

TechnipFMC bags new contract for Exxon’s US$10B Yellowtail project

OilNOW -
French American conglomerate, TechnipFMC has been awarded a fresh contract by ExxonMobil Guyana for its fourth development in the Stabroek Block – Yellowtail. The contract, worth between US$75 million and US$250 million, according to TechnipFMC, covers the supply of six flexible risers qualified to withstand...
News

Maersk Drilling awarded additional three-well contract with Aker BP

OilNOW -
Maersk Drilling has secured a contract with Aker BP, on behalf of the Ivar Aasen license, who will employ the ultra-harsh environment jack-up rig Maersk Invincible for the drilling of three infill wells at the Ivar Aasen field offshore...
News

Norway arrests activists blocking tanker delivering oil to an Exxon terminal

OilNOW -
(Reuters) - Norwegian police said they had arrested 20 Greenpeace and Extinction Rebellion campaigners who on Monday blocked a tanker from delivering Russian oil to an Exxon Mobil terminal. In a protest against Russia's invasion of Ukraine, activists had fastened...
News

Over 50 development wells for Guyana’s biggest oil project

OilNOW -
The subsea umbilicals, risers, and flowlines (SURF) facilities for the Yellowtail project will be the largest to date offshore Guyana with over 50 development wells planned, making the contract for the supply and installation of this equipment among the...
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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...

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