(OET) Texas-based oil and gas services company Trendsetter Engineering has secured a contract with ExxonMobil Guyana for its gas-to-energy project offshore Guyana. Under the contract awarded by Esso Exploration and Production Guyana, Trendsetter will deliver its TCS subsea connectors, hubs, and an assortment of pressure caps and tooling for the project. The contract also includes... Continue Reading →
(Reuters) - Exxon Mobil Corp (XOM.N) and two partners earned $5.8 billion last year from offshore oil production in Guyana, according to audited results filed in an appeal of a court ruling that found them in breach of insurance obligations. The filing is the first disclosure of 2022 profits Exxon, Hess Corp (HES.N) and CNOOC Ltd (0883.HK) earned from oil produced... Continue Reading →
(epbr) Despite Ibama's veto of the environmental license for drilling a Petrobras well in deep waters in the Foz do Amazonas Basin this week, activities in the region are not unprecedented. According to public data from the National Petroleum Agency (ANP), Foz has already had 95 drillings — all have occurred in shallow waters. Practically... Continue Reading →
Norwegian offshore engineering and construction firm Aker Solutions said Friday it had won a sizeable contract from ExxonMobil to provide dynamic and static subsea umbilical for the Uaru project in Guyana. Aker Solutions defines a sizeable contract as between NOK 0.5 billion (currently around $45,9 million) and NOK 1.5 billion (currently around $137,7 million). The... Continue Reading →
The Brazilian environmental protection agency Ibama said on Wednesday it had rejected a request from state-run oil company Petrobras (PETR4.SA) to drill an exploratory well, Morpho, 175 km from the coast and depth of 2,880 mts at the Foz do Amazonas Basin The much-awaited decision follows a technical recommendation by the agency's experts to reject the proposal.... Continue Reading →
(OM) SBM Offshore has ordered the eighth Fast4Ward MPF FPSO hull under its Fast4Ward program. CMHI (China Merchants Heavy Industry Co.) will construct the hull. To date, SBM has delivered six hulls to confirmed field developments and has granted exclusivity for the seventh to ExxonMobil Guyana. In its latest results review, the company provided an... Continue Reading →
TechnipFMC has secured a “large” contract by ExxonMobil to deliver a subsea production system for a recently sanctioned oil development project in Stabroek block offshore Guyana. Under the contract awarded by ExxonMobil affiliate Esso Exploration and Production Guyana, TechnipFMC will provide project management, engineering, and manufacturing to deliver the overall subsea production system for the Uaru project. The... Continue Reading →
Japan’s FPSO provider MODEC is moving to the engineering, procurement, construction, and installation (EPCI) phase for ExxonMobil’s floating production storage and offloading vessel (FPSO), which will work on the U.S. energy giant’s recently sanctioned fifth offshore development project in Guyana. MODEC disclosed on Monday, 8 May 2023, that it would proceed with engineering, procurement, and construction on the Uaru FPSO, following a final... Continue Reading →
A Guyanese court recently ruled that ExxonMobil failed to provide adequate insurance for the costs of recovering from a potentially catastrophic oil spill from its first oil development project located off the coast of Guyana. According to High Court Justice, Sandil Kissoon, ExxonMobil “engaged in a disingenuous attempt” to dodge the full responsibility under its environmental permit for the Liza Phase I... Continue Reading →
(OM) Noble Corp drillship Noble Globetrotter I should start a contract offshore Mexico shortly following an extended permitting delay, the company said in its latest results statement. As for other vessels in the company’s 16-strong fleet, the Noble Gerry de Souza has sailed from the US Gulf of Mexico (GoM) to Nigeria. Noble Discoverer is due to begin a one-well contract... Continue Reading →
