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Payara subsea award is the largest since 2014

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Payara, ExxonMobil’s 3rd development at the Stabroek Block offshore Guyana, has made way for the award of the largest subsea contract in the oil and gas industry since 2014. This comes in a year which one industry analyst describes as...
News

Westwood expects 2020 to close off with flurry of contract awards, Exxon’s Payara to push uptick

OilNOW -
Sanctioning of the Payara Development offshore Guyana has been driving several contract awards and confirmations with companies in the oil and gas industry ranging from vessel construction to subsea installation. The US$9 billion project was approved by Guyanese authorities in...
News

Transborders designates SBM Offshore exclusive operation & maintenance services contractor for FLNG facilities

OilNOW -
Transborders Energy (Transborders) announce on Monday that it has entered into a FLNG Solution Partnership Agreement with Single Buoy Moorings Inc. (SBM Offshore) for co-pursuing the deployment of Transborders’ FLNG Solution on a range of stranded offshore gas resource...
News

Global oil and gas contract activity reports downtrend – GlobalData

OilNOW -
The global oil and gas industry has witnessed a significant slowdown in the number of oil and gas contracts and contract value, which is largely attributed to the decline in crude oil prices and reduced demand amid the COVID-19...
Exploration

US rig count set for dramatic 65% free-fall

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US oil and gas companies are putting the brakes on drilling due to the combined global effect of the COVID-19 pandemic and declining oil prices, according to new research from industry analyst Rystad Energy. In a recent report, Rystad Energy...
Discoveries

Offshore drillers look to Guyana, Suriname as global market struggles to recover – S&P Global

OilNOW -
(S&P Global) Off the coasts of Guyana and Suriname, exploration and production companies are turning to offshore drillers and services providers to help them discover then recover massive amounts of crude oil locked beneath the floor of the Atlantic...
News

Guyanese companies praise networking opportunities at GIPEX 2019

OilNOW -
As day two of the Second Annual Guyana International Petroleum Exhibition (GIPEX) continued on November 21, at the Guyana Marriott Hotel, local companies have reported that they are benefiting from immense networking as well as business opportunities. Additionally, the University...
News

TOTALTEC nominated for Oilfield Service Company of the Year

OilNOW -
Guyanese services company TOTALTEC Oilfield Services has announced that it has been shortlisted for Oilfield Services Company of the Year at this year’s World Energy Capital Assembly Awards to be held in London, December 4, 2019. A statement from TOTALTEC...
News

A subsea giant could be in the making with Saipem, Subsea 7 merger

OilNOW -
A merger between Italian-based Saipem – one of ExxonMobil’s Prime Contractors for its offshore project in Guyana – and UK-based Subsea 7 would create a subsea giant in the oilfield services industry. Commenting on unconfirmed reports that such a merger...
News

Exxon awards contract for ‘biggest-ever private investment’ in Africa

OilNOW -
Exxon Mobil Corp. has awarded a contract to develop its Mozambique liquefied natural-gas project – said to be the biggest-ever private investment in Africa – to a JGC Corp.-led group, Bloomberg said in a report on Tuesday. Japanese company JGC...
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GGI to launch new call this July for proposals to drive capacity building in Guyana

The Greater Guyana Initiative (GGI) will open a new call for proposals in July, inviting projects aimed at advancing...

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