ABS Launches ‘First’ Sustainability Guide for Offshore Industry

Maritime classification society The American Bureau of Shipping (ABS) on Monday launched detailed requirements for greener offshore operations in what it said was the first sustainability guide to target the offshore industry. "Developed by working with major offshore industry clients, ABS today launches a revised sustainability guide expanded with offshore asset compliance requirements.The updated ABS Guide for... Continue Reading →

August 29, 2022 0

ANP includes 218 blocks of the Equatorial Margin in the Permanent Offer System

(PN) The board of the National Petroleum Agency (ANP) approved the inclusion of 218 blocks from the Equatorial Margin in the Permanent Offer system, under the concession regime. The added blocks are located in the Foz do Amazonas, Pará-Maranhão, Barreirinhas, Ceará and Potiguar basins, in deep and ultra-deep water marine environments. According to the ANP,... Continue Reading →

August 25, 2022 0

Oil money is flooding into Guyana. Who will benefit?

(Reuters) - Ever since Exxon Mobil (XOM.N) found vast deposits of oil off Guyana's coastline in 2015, government leaders have pledged that black gold would transform the fortunes of one of South America's poorest countries. This year alone, the economy should grow 48%, the fastest rate on the planet, according to the World Bank. But managed poorly,... Continue Reading →

August 25, 2022 0

CNOOC’s Profit More Than Doubles to Record $10.5B

China's CNOOC Ltd more than doubled its first-half profit helped by higher oil and gas prices, the offshore oil and gas producer reported on Thursday. Interim net income rose 116% to 71.89 billion yuan ($10.50 billion) while revenue rose 75.6% to 176.7 billion. Oil prices have soared this year, with prices coming close to $147... Continue Reading →

August 25, 2022 0

Guyana’s President Visits Exxon’s FPSO. Praises Local Crew

Guyana's president Irfaan Ali on Monday visited ExxonMobil's Liza Unity FPSO - Guyana's second FPSO in production - where he praised the Guyanese crew aboard. According to Guyana's Department of Public information, he told the Guyanese crew on board the Liza Unity that they are among the “trailblazers” responsible for setting the mark in the oil and gas... Continue Reading →

August 24, 2022 0

Magseis Fairfield Wins OBN Survey Work with ExxonMobil in Guyana

(OE) Oslo-listed marine seismic survey firm Magseis Fairfield has signed a contract with ExxonMobil for a large Ocean Bottom Node (OBN) project offshore Guyana, where ExxonMobil has so far discovered 11 billion barrels of oil. The project is expected to be conducted using our ZXPLR technology and last for a minimum of 14 months. “We... Continue Reading →

August 17, 2022 0

ODITC Becomes Guyana’s First Firm for Oil & Gas Training with OPITO Certification

ODITC, a joint venture (JV) between Guyana’s Orinduik Development Incorporated, Windsor Technologies, and 3t EnerMech, has become the first organization in the country to be approved to deliver OPITO accredited training to oil and gas workers. The 3t EnerMech Guyana Training Centre of Excellence, developed by ODITC, has been established to support the region’s growing need... Continue Reading →

August 16, 2022 0

ExxonMobil Taps Acorn for EIA Work on Fifth Offshore Development in Guyana

ExxonMobil has hired Acorn International, an environmental and risk management consultancy with offices in Boston and Houston, to perform an Environmental Impact Assessment (EIA) and lead the public consultation program for the Uaru Project, Exxon's fifth offshore development project in Guyana. The proposed project, located in the eastern portion of the giant Stabroek Block, where... Continue Reading →

August 9, 2022 0

‘Robust pipeline of opportunities’ for Noble rigs

Offshore drilling contractor Noble Corporation is seeing an increase in demand for offshore drilling rigs – its floater fleet was 100 per cent contracted in 2Q – and the rig owner expects this positive momentum to continue. In its latest fleet status report, issued on Monday, Noble Corp. said that its two jack-up rigs, the Noble Houston... Continue Reading →

August 9, 2022 0

SBM Orders Seventh Fast4Ward Hull

Dutch FPSO leasing specialist SBM Offshore has ordered its latest Fast4Ward multi-purpose floater hull as it marked a new record level order book at $31.1 billion. The latest Fast4Ward floating production unit (FPU) is expected to be delivered in 2024, the firm said yesterday in its half year earnings. It also said it could have... Continue Reading →

August 5, 2022 0