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My 28 (Reuters) Malaysia's oil and gas producer Petronas is exploring for oil at offshore Block 52 in Suriname, which was declared commercially viable for the development of natural gas late last year following large discoveries in the area, the managing director of state company Staatsolie said on Wednesday. "We hope also to somewhere in... Continue Reading →
May 27 (OE) TGS has been awarded a large and high-end 4D streamer contract offshore Angola. The program is scheduled to commence acquisition in early July 2026, and the contract has a duration of approximately eight months. Kristian Johansen, CEO of TGS, commented, “We are very pleased with this contract award, which reinforces TGS’ strategic... Continue Reading →
May 27 (OE) ABS has issued a Statement of Maturity for SBM Offshore’s Seawater Intake Riser (SWIR) technology. Developed in collaboration with Shell, the SWIR technology features an innovative technique to pump colder seawater from approximately 700 meters below the ocean’s surface up to an FPSO’s topsides to be used for cooling purposes. Depending on... Continue Reading →
May 27 (OE) Baker Hughes announced Tuesday a major contract extension with Petrobras to provide integrated solutions for well construction across Brazil’s Santos Basin. Baker Hughes will expand the company’s comprehensive well construction operations in several of the basin’s oilfields. The company’s advanced portfolio – including the AutoTrak™ rotary steerable system, cutting-edge logging-while-drilling tools, and... Continue Reading →
May 26 (oilnow.gy) Guyana is seen as a more attractive oil investment destination as Venezuela works through a sovereign debt restructuring process that analysts say could take years to complete, according to an S&P Global analysis published on May 20. The report examined Venezuela’s plans to restructure sovereign debt and obligations tied to state oil... Continue Reading →
May 26 (oilnow.gy) ExxonMobil Guyana has applied to the Environmental Protection Agency (EPA) for environmental authorization for the Haimara project, its proposed ninth development in the Stabroek Block. The project is expected to anchor a gas-focused development in the southeast section of the block, where ExxonMobil has made discoveries including Haimara and Pluma. Public scoping... Continue Reading →
May 26 (Reuters) - Occidental Petroleum is acquiring a 10% stake in Exxon Mobil’s deepwater exploration block offshore Trinidad and Tobago, according to two people familiar with the matter. Exxon was previously the sole owner of the large offshore block, known as UD(1), which lies in water depths of 2,000 to 3,000 meters and was first acquired... Continue Reading →
May 26 (OE) Karoon Energy has restarted production from the Baúna project offshore Brazil following a planned 28-day shutdown tied to maintenance and revitalization work on the floating production, storage and offloading (FPSO) unit. The company said production has ramped up to approximately 11,500 barrels of oil per day before natural decline resumes. Karoon expects... Continue Reading →
May 25 (oilnow.gy) ExxonMobil proposed Longtail development will incorporate multiple environmental safeguards aimed at reducing impacts on marine ecosystems, water quality, and coastal resources offshore Guyana, according to the project’s Environmental Impact Assessment (EIA) published by the Environmental Protection Agency (EPA) in March. The mitigation and monitoring approaches proposed for Longtail build on environmental management systems and... Continue Reading →
May 21 (oilnow.gy) The Guyana government and Viridien/CGG Services will commence geotechnical and seismic survey operations within offshore Block S4, which was licensed last year to a TotalEnergies-led group. Guyana’s Maritime Administration Department (MARAD) announced the survey in notices. The notices, dated May 18, 2026, said the work will take place within Guyana’s Exclusive Economic... Continue Reading →
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