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Equinor, Ithaca take FID for US$3.8 billion Rosebank development on UK continental shelf

OilNOW -
Equinor and Ithaca Energy have made the final investment decision to move forward with Phase 1 of the Rosebank development on the UK Continental Shelf (UKCS). The investment for this project will total an impressive US$3.8 billion. The North Sea...
News

Technip Brazil team delivers 100th subsea tree system for Guyana project

OilNOW -
TechnipFMC's Brazil location delivered its 100th subsea tree system for offshore projects in Guyana's Stabroek Block. This latest milestone points to the company's commitment to client success and its contribution to the development of Guyana's oil sector. “Achieving together is...
News

Equinor advances gas field development in Brazil’s Campos Basin

OilNOW -
Norwegian oil and gas company Equinor, in partnership with Repsol Sinopec Brasil and Petrobras, has submitted declarations of commerciality and plans of development for two substantial fields in the BM-C-33 concession in the Campos Basin, offshore Brazil. Equinor is the...
News

86 subsea tree awards anticipated in H2 2023, H1 closes with 196 – Westwood

OilNOW -
The first half of 2023 closed with 196 subsea tree awards, according to new data by Westwood Global Energy Group, released on August 14. The industry's gaze now turns to the remaining months of 2023, when the anticipation of...
News

Boskalis averts disaster by offloading crude from ‘ticking time bomb’ vessel off Yemen Coast

OilNOW -
Boskalis, an international maritime service provider, averted a colossal catastrophe through its subsidiary SMIT Salvage by successfully offloading over 1.1 million barrels of crude oil from the deteriorating floating storage and offloading (FSO) vessel Safer off the Yemen coast. The...
News

Guyana expects over 700 technical, skilled oil and gas hires this year – Local Content Secretariat

OilNOW -
According to figures released by Guyana’s Local Content Secretariat (LCS), for 2023, over 700 hires are expected for the country’s oil and gas sector. The hires range from the technical and skilled categories to Information Technology (IT) and Health.  A...
News

Guyana, Brazil to account for 30% of global subsea tree installation – Rystad Energy

OilNOW -
South American neighbours Guyana and Brazil are the driving force behind 30% of global subsea tree installations all the way up to 2030, according to Rystad Energy projections.  The Norway-based firmt said investments in offshore services are expected to balloon...
Business Wire

Technip Energies to Resolve Outstanding Matters with the French Parquet National Financier

PARIS--(BUSINESS WIRE)--Regulatory News: Technip Energies France, a subsidiary of Technip Energies NV (PARIS: TE) (ISIN: NL0014559478), has agreed to resolve its outstanding matters with the French Parquet National Financier (PNF). The resolution encompasses historical conduct that related to subsea projects...
Exploration

Equinor wildcat well fails to deliver pay

OilNOW -
Equinor Energy AS, operator of production licence 923, has concluded the drilling of wildcat well 31/2-23 S, the Norwegian Petroleum Directorate said on Thursday. The well was drilled about 3 kilometres west of the Troll field in the North Sea and about...
News

Guyana certifies major oil companies local content compliant after successful 2022

OilNOW -
TechnipFMC, Halliburton, Baker Hughes, Saipem, and ExxonMobil have received approvals for their 2023 Local Content Annual Plans.  The event, held May 15, saw the presence of the Minister of Natural Resources, Vickram Bharrat, along with key representatives from the aforementioned...
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OMS Subsea debuts operations in Guyana, bringing ROV and diving support to oil industry

OMS Subsea officially launched its operations in Guyana, introducing remotely operated vehicle (ROV) and diving support services to the...

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