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Sept. 22 (oilnow.gy) Production from Guyana’s Yellowtail development in the Stabroek Block is expected to ramp up further before year-end, with ExxonMobil studying an optimization that could lift output from the ONE GUYANA floating production, storage and offloading (FPSO) vessel to around 290,000 barrels per day (b/d). The move to increase Yellowtail’s production by about... Continue Reading →
Sept. 22 (Reuters) Brazilian state-run oil company Petrobras' analysis of oil discovered at the Morpho exploration well in the offshore Foz do Amazonas basin showed it to be "very high quality" crude, an executive told Reuters on Monday. The crude found at the well could prove superior to oil produced from Brazil's prolific pre-salt fields,... Continue Reading →
Sept. 22 (OE) Petrobras, Shell and Strohm have completed a qualification and offshore field trial program for a thermoplastic composite pipe flowline designed for high-CO2 conditions in Brazil's deepwater pre-salt, clearing the way for a Petrobras pilot installation planned for early 2027. The joint industry program included full-scale qualification and offshore trials of Strohm's corrosion-free... Continue Reading →
Sept 21 (Reuters) - The Inter-American Development Bank is drawing up a two-year engagement plan for Venezuela focused partly on electricity and social protection, IDB President Ilan Goldfajn said on Monday. “We are, of course, reengaging,” Goldfajn told Reuters in an interview. “We have missions to Venezuela, looking at the situation, dealing with the macroeconomic... Continue Reading →
Sept 21 (Reuters) - Halliburton has signed memorandums of understanding with Brazilian energy company Eneva and WESCA to pursue oil and gas development opportunities in Venezuela, the U.S. oilfield services provider said on Monday, as companies seek a potential revival of investment in the country's long-underdeveloped energy sector Companies with existing positions in Venezuela, as... Continue Reading →
Sept. 21 (offshoreWIND.biz) Gazelle Wind Power has developed and tested a new floating offshore wind platform designed to support 18 MW turbines and beyond in extreme offshore conditions, with the company’s preliminary cost assessment indicating 44 per cent lower CAPEX and 52 per cent lower LCOE than the benchmark semi-submersible designs used in the study.... Continue Reading →
Sept. 21 (oilnow.gy) Guyana’s first competitive offshore licensing round attracted global energy companies and tested stronger fiscal terms. However, the government will need to improve the speed, certainty, and data supporting the process before offering more blocks. The government has indicated an interest in another licensing round as it seeks to widen exploration beyond the... Continue Reading →
Sept. 21 (OE) The 704 MW Revolution Wind offshore wind project has completed installation of all 65 turbines, with full energization expected by the end of 2026. The project, a 50-50 joint venture between Global Infrastructure Partners' Skyborn Renewables and Ørsted, began delivering electricity to the New England grid on March 14. Revolution Wind, located... Continue Reading →
Sept 19 (Reuters) - French energy company TotalEnergies and its partners in the $12 billion GranMorgu offshore oil and gas project in Suriname are on track to inaugurate output in mid-2028, the head of state-run Staatsolie, Annand Jagesar, said on Saturday during a tour to oversee the development's progress. "Together, we are not only developing... Continue Reading →
September 19, 2026 – Petróleo Brasileiro S.A. - Petrobras announces that its Board of Directors, at a meeting held this Friday, September 18, approved the Company’s participation in the economic subsidy program for producers and importers of diesel fuel and its blending components, established by Provisional Measure No. 1,391, dated September 11, 2026. The Company’s... Continue Reading →
