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Pipeline coatings company Shawcor will deliver thermal insulation and anti-corrosion coating services for the ExxonMobil-operated Payara development offshore Guyana. ExxonMobil, with its partners Hess and CNOOC, sanctioned the development of the Payara oil field earlier this week. The contract, awarded to Shawcor's pipe coating division by the Italian offshore oilfield services firm Saipem, is worth between 55... Continue Reading →
The construction has started in Norway of what will be the world's largest floating wind farm - the Hywind Tampen. Norway's Prime Minister Erna Solberg and Kværner apprentice Arne Linga officially kickstarted the construction work by starting the cutting robot on the project's first sheet of steel on Thursday, 1 October. Kværner is responsible for... Continue Reading →
Oilfield services company TechnipFMC said it has won a large contract to supply subsea equipment for ExxonMobil's Payara development offshore Guyana, following the oil major's FID on the project on Wednesday. Under the contract, TechnipFMC will manufacture and deliver the subsea production system, including 41 enhanced vertical deep water trees and associated tooling, six flexible risers... Continue Reading →
MODEC, Inc. is pleased to announce that a US$ 1.1 billion project bond, issued by an affiliate of MODEC in August 2019, has been awarded as "Project & Infrastructure Finance Bond of the Year 2020" from LatinFinance, the leading source of intelligence on the financial markets and economies of Latin America and the Caribbean. For... Continue Reading →
Tender for the chartering of rigs for 2,400 m of water depth is extremely competitive, like the pool process in 2019. The dispute for the Petrobras contract for the chartering of up to two rigs, with a capacity to operate in a water depth of 2,400 m, should be between COSL Drilling, Diamond and Petroserv... Continue Reading →
Offshore drilling contractor Seadrill has replaced CEO Anton Dibowitz. Seadrill's CFO Stuart Jackson will take Dibowitz's place, with immediate effect. Seadrill, which this week got more time from creditors to come up with a $7.3 billion debt restructuring solution, said Thursday that following Jackon's taking of the CEO role, the role and responsibilities of the... Continue Reading →
With ExxonMobil sanctioning its third offshore development in Guyana following the government approval, SBM Offshore has confirmed it has won a contract to deliver an FPSO for the project. Under the contract, SBM Offshore will construct, install, and then lease and operate the Prosperity FPSO at the Payara project off Guyana for a period of up to... Continue Reading →
ExxonMobil’s Payara development, for which approval seems imminent, will see a commitment of US$3.6B this year from the oil major, says Norwegian business intelligence firm, Rystad Energy. Meanwhile, a model from the Inter-American Development Bank (IDB), in its recent report titled ‘Traversing a Slippery Slope: Guyana’s Oil Opportunity’, pegs the cost of the Payara field... Continue Reading →
Oilfield services company Baker Hughes has launched a vessel-deployed subsea wellhead cutting system called the Terminator. In what Baker Hughes says is "a first-of-its-kind mechanical wellhead removal method", the Terminator system has already been used to cut a subsea wellhead from an abandoned exploration well owned by Wintershall DEA in Norway. Romain Chambault, Europe vice... Continue Reading →
Golar LNG said on Tuesday Hygo Energy Transition Ltd Chief Executive Officer Eduardo Antonello has taken leave of absence with immediate effect, following a corruption investigation involving him in Brazil. Golar said Antonello's leave was in no way linked to any action or misconduct during his tenure at Hygo Energy, a liquefied natural gas transport... Continue Reading →
