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Rystad Energy forecasts that Guyana’s oil production could reach 1.2 million bpd by the end of the decade, lifting total annual oil revenues to about US$28 billion, assuming an oil price of about US$65/bbl.
The company has announced an increase in gross prospective resources to 5.14 billion boe in the Orinduik block offshore Guyana.
The Geoquip Marine survey vessel MV Investigator is at the proposed site for the NJOM-3 well, and is presently conducting the site survey.
The system will be installed on FTAI’s flagship DP3 vessel M/V Pride.
The deal was cancelled because of sanctions imposed by the US government on PDVSA, Venezuela's state energy company.
The survey will provide modern 3D data over held and vacant acreage in the frontier Papuan Basin.
The UK’s underwater engineering industry is set to recruit 8928 people in the next three years, according to the findings of a new report.
80 trillion ft3 of shallow gas resources has been discovered within an area of 5000 km2 between Abu Dhabi and Dubai.
KBR will act as the main PMC contractor responsible for managing the successful engineering, procurement and construction (EPC) contractors for Packages A & B of the Dalma Gas Development Project, Packages 1-5 of the Hail & Ghasha Development Project, Hail & Ghasha Islands Project as well as the Deep Gas Project.
The company has announced estimated 4Q19 earnings of US$5.7 billion.
DOF Subsea has secured contracts for pre-lay and LBL array installation activities in Guyana, subsea installation work in Trinidad and well-head removal work in Canada.
PGNiG Upstream Norway now has a 30% interest in the PL636 and PL636B licences in the North Sea.