Venezuela's National Assembly has green-lighted a referendum regarding a territorial dispute with Guyana, Foreign Minister Yvan Gil said on Saturday in an address to the United Nations. Venezuela this week rejected Guyana's recent oil tender…
Brazil's state-run oil company Petrobras expects to do exploratory drilling next year near the mouth of the Amazon River, along the coast of the state of Amapa, Chief Executive Jean Paul Prates said on Wednesday.The region is part of Brazil's Equatorial Margin…
Guyana's economy will boom again this year as it grows by an expected 38% thanks to 'unparalleled' oil sector expansion, according to a forecast from the International Monetary Fund (IMF) released on Monday.The latest 2023 estimate follows real…
Studies by Brazilian state-run oil company Petrobras show that a single oil block of Amapa's equatorial margin could total more than 5.6 billion barrels of oil, the country's mines and energy minister said on Friday.Alexandre Silveira's remarks…
Guyana on Wednesday received bids for eight of 14 offshore oil and gas exploration blocks offered in its first auction, including from groups formed by Exxon Mobil and TotalEnergies, according to the government and documents seen by Reuters…
U.S. government officials repeatedly warned Exxon Mobil to avoid doing business with two mining magnates in Guyana, who face a U.S. investigation on suspicions of money laundering, drug trafficking and gold smuggling, according to five people…
Shapoorji Pallonji Energy Pvt Ltd (SPE), on Friday unveiled a new generation of its standardized newbuild Hull concept design for large FPSOs called Sterling Streamline.'SP Energy, India’s sole specialist in designing, building, owning and operating…
Exxon Mobil Corp and partners plan to spend $12.93 billion to develop their sixth offshore oil project in Guyana, according to a filing published on Monday by the South American country.The floating production platform for the so-called Whiptail…
Guyana and the Dominican Republic on Tuesday signed a memorandum of understanding to cooperate on recruiting companies to build a 50,000-barrel-per-day refinery in Guyana that would tap the country's oil wealth.Any project would be at least 51% owned by the Dominican Republic government…
Guyana’s parliament on Thursday passed long-awaited oil legislation that grants the natural resources minister extensive power over its multi-billion-dollar oil industry. The new rules will be applied to future projects in the South American country…
Frontera Energy and its unit CGX Energy expect to complete an analysis in the next two to three months of the Wei-1 oil well in Guyana before deciding whether to upgrade an exploration license to its development phase, Frontera said on Friday…
Strohm’s first deep-water/high pressure thermoplastic composite pipe (TCP) Jumper in South America has been installed, commissioned, and is up and running for ExxonMobil Guyana at its Liza field.The Jumper, incorporating advanced carbon fiber and polyamide12 materials…
Oil company Tullow Oil agreed to sell its total interest in Tullow Guyana, which includes the Orinduik license (Tullow 60% operated equity) in Guyana to Eco Atlantic's subsidiary Eco Guyana Oil and Gas (Barbados) Limited in exchange for a combination of upfront cash and contingent consideration…
WSG Energy Services (WSGES) in Singapore has secured multiple contract wins on Floating Production Storage and Offloading (FPSO) vessel projects with a combined value in excess of at $10m.WSG was commissioned by Yinson Production to assist on the upgrade and conversion of FPSO Atlanta…
Guyana extended to Sept. 12 a deadline for companies to submit bids for its first competitive auction of oil blocks, the government said in a statement on Wednesday.The South American nation has delayed the offer of 14 offshore blocks four times before…
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