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More contracts to be released; no objection made by oil companies – Trotman

OilNOW -
The Government of Guyana has taken a decision to publicly release all of the contracts and agreements - such as the recently released Petroleum Sharing Agreement with ExxonMobil - for all of the oil companies operating in the South...
News

Trotman confirms US$1M per day earnings from oil production; says contract provides “best of both worlds”

OilNOW -
Guyana’s Minister of Natural Resources, Raphael Trotman, said Thursday that the updated petroleum agreement arrived at between US oil major ExxonMobil and the South American Country in 2016 represents a ‘hybrid model’ that combines a production share and royalty...
News

TechnipFMC awarded contract for Statoil Snorre project

OilNOW -
TechnipFMC has landed an Engineering, Procurement & Construction (EPC) contract with Statoil for its Snorre Expansion Project. It comes as the Norwegian operator confirmed an additional 25-year investment. The Snorre Expansion contract covers the delivery of subsea production systems and...
Exploration

Tullow Oil signs exploration contracts offshore Ivory Coast

OilNOW -
(Reuters) Tullow Oil has signed four production-sharing contracts in Ivory Coast with an initial investment of $21 million, an Ivorian government spokesman said on Wednesday. The contracts, which include a 10 percent share for state oil company Petroci, span exploration...
News

TechnipFMC awarded EPCI contract for Statoil Peregrino Phase II project

OilNOW -
TechnipFMC has been awarded an Engineering, Procurement, Construction and Installation contract by Norwegian multinational oil and gas company, Statoil. It covers the execution of the subsea pipeline connection for the new production platform in Peregrino Phase II Project, located in...
News

More Guyanese companies competing for contracts in oil & gas

OilNOW -
Interest among Guyanese companies looking to benefit from opportunities in the oil and gas industry has grown immensely in the two years since ExxonMobil announced its world-class Liza discovery offshore the South American country. ExxonMobil’s Senior Director, Public and Government...
News

TechnipFMC awarded extension on EPCI contract with Statoil

OilNOW -
TechnipFMC has been awarded an extension to its ongoing Engineering, Procurement and Construction (EPC) contract from Statoil in the Norwegian North Sea. The ongoing EPC project covers the provision of subsea equipment including template structure, manifold and two subsea trees...
News

Smit Lamnalco wins ExxonMobil Guyana contract for offshore support vessels

OilNOW -
Smit Lamnalco has been awarded a multi-year contract by ExxonMobil Guyana to provide offshore terminal support services in the Stabroek block, the company announced in a LinkedIn post last week. The company will deploy four newbuild terminal support vessels to...
News

ExxonMobil warns oil and gas investment must be sustained to avoid global supply crisis

OilNOW -
ExxonMobil is warning that “sustained investments are more important than ever” in oil and gas, with its newly released Global Outlook report projecting a dangerous mismatch between supply and demand if capital dries up. The report, titled ‘Our view to...
News

MODEC seeks subcontractor for industrial gas supply in Guyana

OilNOW -
MODEC Guyana Inc. has announced that it is seeking a subcontractor to provide industrial gas supply services for its operations in Guyana. The company said the subcontractor will be responsible for ensuring high standards of material quality, supply reliability,...
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What you need to know about the U.S. military build-up in the Caribbean

What began on August 14, when Washington ordered air and naval forces into the southern Caribbean reportedly to combat...

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