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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...
News

Uaru FID among major projects pushing 2023 rig contracting activity

OilNOW -
The latest Offshore Rig Market Snapshot from Evercore ISI - a US-based economic research firm - notes a positive uptick in deepwater drilling rig contracting activity this year driven by recently sanctioned projects.  Guyana’s fifth development - Uaru is on...
News

Yellowtail Development Fact Sheet

OilNOW -
Next up on ExxonMobil’s Stabroek Block development list is Yellowtail - one of the largest ever sanctioned. Coming in at US$10 billion, the project is running ahead of schedule; with the production vessel 45% complete and preparatory works progressing...
News

Azule Energy awards US$7.8 billion in contracts for upstream Angola project

OilNOW -
Azule Energy said its wholly owned subsidiary Eni Angola SPA (Eni), and the partners in the Block 15/06, Sonangol P&P and SSI Fifteen Limited, have awarded the main contracts for the development of the Agogo Integrated West Hub (AIWH)...
News

Shell’s Pensacola prospect could be among North Sea’s largest gas discovery in decades

OilNOW -
With flow tests completed at Shell’s Pensacola gas prospect in the North Sea, Deltic’s Chief Executive Officer (CEO) Graham Swindells said it is shaping up to be one of the largest discoveries there in decades. Deltic is Shell’s partner on...
News

Exxon’s largest Supplier Forum in Guyana opens today

OilNOW -
ExxonMobil Guyana and the Centre for Local Business Development are launching the highly anticipated Guyana Supplier Forum today at the Leonora Stadium (National Track and Field Facility), West Coast Demerara. The event will run until Wednesday. On Monday, companies, among the...
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Welligence says Chevron must tread carefully operating in Guyana because of border controversy 

Following the closure of the Chevron-Hess merger, market intelligence firm Welligence advised Chevron, now holding a 30% stake in...

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