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TechnipFMC seeking contractors for warehouse facility in Guyana

OilNOW -
Global oil and gas company TechnipFMC is expanding its operations in Guyana where it has been providing subsea production systems for the offshore developments at the prolific Stabroek block. The company recently published a notice inviting contractors to submit Expression...
News

Hess earns leadership status in climate change report

OilNOW -
Hess Corporation has been recognized for climate change stewardship in CDP’s Climate Change Report 2020. CDP is an international non-profit organisation based in the United Kingdom, Germany and the United States of America that helps companies and cities disclose...
News

Fugro awarded contract for positioning services in Guyana-Suriname basin

OilNOW -
Dutch engineering company Fugro has received a contract award from PETRONAS Suriname E&P B.V. (PSEPBV), a subsidiary of PETRONAS, for the provision of positioning services for an exploration programme in Block 52, off the coast of the capital Paramaribo...
News

Multi-billion-dollar deepwater investments only moving forward under favourable conditions

OilNOW -
Of the 200 offshore oil and gas projects that are currently in the planning stage, around 120 of these are based on floating production storage and offloading (FPSO) systems and one expert believes that none of them will move...
News

CNOOC hits first oil at Penglai field

OilNOW -
CNOOC Limited announced Monday that Penglai 25-6 oilfield area 3 project has commenced production ahead of schedule. The Penglai 25-6 oilfield area 3 project is located in the south central Bohai Sea, with average water depth of about 27 meters. In...
News

Need for technical skills such as advanced welding capabilities will increase in Guyana

OilNOW -
While the emphasis on degrees in engineering and geosciences is necessary as Guyana seeks to build capacity for the oil and gas sector, there will be a growing need for technical and other skills which one official with experience...
Exploration

ExxonMobil prepping for drill-stem test at Redtail-1 offshore Guyana

OilNOW -
A drill-stem test operation is set to get underway at the Redtail-1 well site located 103 nautical miles off the coast of Guyana at the Stabroek block. Redtail-1 is ExxonMobil’s 18 discovery on the block, announced in September. The well...
News

ExxonMobil hoping to replicate Guyana success as 1st Suriname discovery extends position in region

OilNOW -
Covering an area 1.2 million acres (4,749 square kilometers), Block 52 is located approximately 75 miles offshore north of Suriname’s capital city, Paramaribo, and represents the first discovery ever made by U.S. oil major ExxonMobil, offshore the South American...
News

Warnings of looming supply gap intensify – Guyana production set to take-off

OilNOW -
Warnings about a looming oil and gas supply gap continue to increase with a new report pointing out that the oil and gas industry will have to overcome its pandemic-induced retrenchment and boost investment by at least 25% annually...
News

EU joins calls for diversified economy as Guyana’s O&G sector balloons

OilNOW -
European Union Ambassador to Guyana Mr. Fernando Ponz Canto has joined the call for the South American country to diversify the economy and ensure that it does not become reliant on just the oil and gas sector. He made these...
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GranMorgu FPSO construction hits 27% as Suriname targets first oil by 2028

Construction of the floating production, storage and offloading (FPSO) platform for Suriname’s GranMorgu project has reached 27%, state oil...

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