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TechnipFMC wins 3 yr contract for well intervention in Australia

OilNOW -
TechnipFMC has entered into a three-year agreement with Woodside Energy in Australia for Riserless Light Well Intervention (RLWI) and subsea services, including intervention, installation, and plug and abandonment services. According to a World Oil report, under the agreement, TechnipFMC will...
News

CMHI and TechnipFMC in joint venture talks

OilNOW -
Chinese jack-up fabrication specialist China Merchant Heavy Industry (CMHI) and French offshore engineering giant TechnipFMC have started talks on forming a joint venture to focus on engineering, procurement and construction work for offshore modules. The two companies recently met in...
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TechnipFMC opens new facility in Texas

OilNOW -
TechnipFMC has opened a new facility in Odessa, Texas which will bring together its surface product and service lines in one consolidated complex so that the company can better support the Surface Americas’ integrated pad offering to clients. The facility...
Exploration

TechnipFMC awarded Subsea Contract for Liza deep water project

OilNOW -
TechnipFMC has been awarded a contract by an affiliate of ExxonMobil Corporation for the engineering, manufacture and delivery of the subsea equipment for the Liza deep water project in Guyana, South America. The award scope includes seventeen total enhanced vertical...
News

Snapshot: Exxon’s first Stabroek Block tie back development tapping three oil fields 

OilNOW -
ExxonMobil’s Uaru development is the first Stabroek Block project to utilize a subsea tieback connecting three fields - Uaru, Mako, and Snoek oil fields - to a single production facility. Tiebacks, by industry definition, transport hydrocarbons from seabed wells to...
News

President Santokhi launches oil royalty program for all citizens 

OilNOW -
Paramaribo – May 18, 2025: President Chandrikapersad Santokhi officially launched the ‘Royalty’s Voor Iedereen’ (RVI) program last week, marking a “historic step” in sharing Suriname’s future oil wealth directly with its people.  The program ensures that every Surinamese citizen born...
News

Staatsolie locks in 20% participation in GranMorgu with US$1.6B loan

OilNOW -
Staatsolie Maatschappij Suriname N.V. has secured a US$1.6 billion bank loan to finance its 20% participation in the GranMorgu development in Block 58. The loan agreement was finalized on Wednesday, May 14, with a consortium of 18 international, regional, and...
News

Guyana among key drivers of global subsea tree demand despite sharp Q1 dip

OilNOW -
Subsea tree unit awards slumped to 32 in the first quarter (Q1) of 2025, marking a 65% quarter-over-quarter decline, according to Westwood’s Global Subsea Tracker. The drop reflects ongoing macroeconomic challenges and inflation-driven delays in project approvals and contract...
News

Guyana on course to hit almost 1 million barrels of oil per day as 4th FPSO arrives 

Shikema Dey -
The start-up of ExxonMobil’s Yellowtail Development in the Stabroek Block draws near as the ONE GUYANA floating production, storage and offloading vessel (FPSO) officially arrived in country today.  On the vessel’s arrival, Minister of Natural Resources, Vickram Bharrat, shared, “The...
News

Saipem secures US$720 million offshore contracts, including a major Guyana project

OilNOW -
Italian engineering firm Saipem has been granted a Limited Notice to Proceed (LNTP) from ExxonMobil Guyana Limited for subsea structures, umbilicals, risers, and flowlines (SURF) work at the proposed Hammerhead oil field development in the Stabroek Block.  The project site...
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Look beyond the barrels for the success of Guyana’s oil industry – Ali 

President Irfaan Ali has urged Guyanese to measure the success of the oil industry by more than just the...

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