News
November 30, 2023
Brazilian Energy Minister Alexandre Silveira told a meeting of the group on Thursday that the country would join its charter from next year. The charter, open to all oil producing countries, doesn’t bind signatories and provides a platform for dialog and exchange of views.
News
November 29, 2023
The first contract is for the proposed Whiptail oil field development located in the Stabroek block offshore Guyana. The second contract is for the Raia project, the development of a pre-salt gas and condensate field in the Campos basin.
News
November 28, 2023
Wintershall Dea, YPF, Argentina's national energy company, and Dow, a global materials science leader, signed a Memorandum of Understanding (MoU) to jointly assess potential carbon capture and storage (CCS) opportunities in Argentina.
News
November 28, 2023
The Manatee natural gas project scope is for the design, procurement, fabrication, transportation, installation, and commissioning of a wellhead platform, offshore and onshore gas pipelines.
News
November 28, 2023
Companies including Shell Plc., Repsol SA, Hungary’s Mol Nyrt, Sweden’s Maha Energy AB, the National Gas Company of Trinidad and Tobago and Bolivia’s state gas company YPFB have sent delegations to Caracas since the U.S. lifted curbs on Venezuela’s oil sector last month, according to four people with knowledge of the situation.
News
November 26, 2023
Argentina’s shale patch has vast untapped potential that has been limited by bottlenecks. In theory, President Javier Milei’s plans should improve YPF’s margins and attract foreign direct investment.
News
November 22, 2023
(WO) — BW Energy has finalized the acquisition of the FPSO Cidade de Vitoria from Saipem S.p.A. The FPSO, currently yielding approximately 10,000 barrels per day from the Golfinho field offshore Brazil, is under the operational umbrella of BW Energy's local operating organization.
News
November 20, 2023
Colombia is studying whether to import natural gas and light crude from Venezuela to cut fuel costs.
News
November 20, 2023
Subsea7 has been awarded a sizeable contract by Shell for the decommissioning of subsea infrastructure associated with the FPSO Fluminense in the Bijupirá and Salema fields of the Campos Basin, at 700m (2,296 ft) water depth, the company said on Nov. 20.
News
November 17, 2023
(WO) — CNOOC Ltd. has announced the safe commencement of production at the Payara Project in the Stabroek Block offshore Guyana. The project, equipped with one FPSO and 41 subsea wellheads, represents a significant milestone for the partnership and production growth of the Stabroek Block.
News
November 14, 2023
The Prosperity floating, production, storage and offloading (FPSO) vessel is expected to reach initial production of approximately 220,000 bpd over the first half of next year as new wells come online.
News
November 10, 2023
The Joint Venture believes that the rock quality discovered in the Maastrichtian horizon in the Wei-1 well is analogous to that reported in the Liza Discovery on Stabroek block.
News
November 08, 2023
Under the deal, M&P aims to increase its current production to 50,000 bpd in Zulia state, Venezuela’s oil cradle.
News
November 05, 2023
The African Energy Chamber, therefore, strongly calls for an end to the demonization of oil and gas, encouraging African and Caribbean nations to collaborate towards a common and fair energy agenda.
News
November 03, 2023
Further evaluation is being undertaken to determine the full extent of this discovery and its potential development synergy with the Sloanea-1 discovery made in 2020 within the same block.
News
November 03, 2023
In Venezuela, the company will expand works, including new drilling, after the Biden administration temporarily lifted a four-year ban on the country’s oil industry.
News
November 02, 2023
Stockholm-based Maha Energy has gained rights to a stake in the PetroUrdaneta project that belongs to Brazilian industrial conglomerate Novonor, Kjetil Solbraekke, the Swedish firm’s chief executive officer, told Bloomberg
News
October 31, 2023
The contract amendment scope includes engineering, procurement, fabrication, installation and pre-commissioning of 76 km of rigid risers and flowlines for the steel lazy wave production system.
News
ExxonMobil makes “significant” oil, natural gas discovery in prolific Stabroek block offshore Guyana
October 27, 2023
This discovery from the Lancetfish-2 well is the fourth made in 2023 in the country, bringing the total amount of recoverable oil and natural gas resources to 11 billion barrels.
News
October 26, 2023
The project's underwater system has reduced the average well interconnection time by 15%, by incorporating a new solution for installing rigid pipelines, which has contributed directly to the record ramp-up time.
News
October 26, 2023
Guyana’s government has encouraged the joint venture to develop its oil resources “as fast as we can” to earn revenues for the country and its citizens, Hess said.
