McDermott books profit jump in 2Q

Houston-based EPCI company McDermott saw an increase in its second quarter 2018 profit on the back of higher revenues driven by projects for Saudi Aramco and Woodside. The company on Tuesday reported revenue of $1.7 billion and net income of $47 million for the second quarter of 2018 […]


7/31/18 What the operator needs to do to ensure the extension of the production phase of the field until 2041   Chevron has until 2024 to deliver a seismic assessment on the Frade field, in the Campos Basin, to the ANP. The study should contemplate 4D monitoring of […]

Edison Chouest to hire more Guyanese workers

U.S. offshore vessel owner Edison Chouest will employ more Guyanese workers aboard its vessels supporting ExxonMobil’s drilling operations in the Stabroek block, offshore Guyana. According to the Guyanese Department of Public information (DPI) Edison Chouest Offshore will soon open its local company ‘G Boats’ in Georgetown. Read more