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Aug. 4 (oilnow.gy) The Stena Carron is carrying out exploration drilling at the Rockhead-1 prospect in Guyana’s Stabroek Block. According to a recent notice from the Maritime Administration Department (MARAD), drilling activities will conclude on August 31. “The Rockhead-1 is situated approximately 115.2 nautical miles (213.4 kilometers) off the Coast of Guyana and covers an... Continue Reading →
Aug. 4 (OE) Valaris has completed a two-well workover and completion campaign for BP offshore Trinidad, with its VALARIS 249 jack-up rig finishing the program nearly 17 days ahead of schedule. The company credited the performance of the VALARIS 249 crew for delivering the campaign safely. "I am extremely proud of the VALARIS 249 team's... Continue Reading →
Aug. 3 (offshore-energy.biz) Noble Corporation, a U.S.-based offshore drilling giant, has fitted one of its drillships with new equipment, reflecting its confidence in a strengthening offshore drilling market and busier years ahead for the global rig fleet. Noble has confirmed the installation of a stemless gate valve (SGV) on the Noble BlackHornet drillship. This technology, developed with Kinetic... Continue Reading →
Aug. 3 (oilnow.gy) ExxonMobil is evaluating a ninth floating production, storage and offloading vessel for Guyana that could mirror the development concept being advanced for Longtail, Chairman and Chief Executive Officer Darren Woods said during the company’s second-quarter 2026 earnings call on July 31. Woods said the company sees an opportunity to use what it is... Continue Reading →
Aug. 2 (oilnow.gy) ExxonMobil has identified four additional potential discovery opportunities in Guyana after applying artificial intelligence to its Stabroek Block exploration data. Senior Vice President and Chief Financial Officer Neil Hansen disclosed the results during ExxonMobil’s second-quarter 2026 earnings call on July 31. The company trained artificial-intelligence models using information gathered from previous discoveries, drilling... Continue Reading →
Aug. 3 (oilprice.com) Middle East turmoil, centered on the U.S. war with Iran, is playing havoc with world energy markets. An ongoing dispute over access to the Strait of Hormuz, through which a fifth of world oil and natural gas supply is shipped, is causing prices to surge. This is a boon for South America's oil industry,... Continue Reading →
Aug. 3 - In June 2026, Brazil produced 5.842 million barrels of oil equivalent per day (boe/d) of oil and natural gas. The data was released today (August 3) by the ANP in the Monthly Oil and Natural Gas Production Bulletin. Regarding oil, 4.475 million barrels per day (bbl/d) were extracted, an increase of 4%... Continue Reading →
Aug. 3 (OE) Dutch lifting equipment specialist Huisman has secured a contract from CIMC Raffles Offshore to supply lifting and handling systems for a next-generation deepwater offshore installation vessel being built for a joint venture between Solstad Offshore and SBM Offshore. The contract covers an integrated equipment package comprising a 350-tonne A-frame, a 500-tonne knuckle... Continue Reading →
August 3, 2026 – Petróleo Brasileiro S.A. - Petrobras informs a new gas discovery in the Sandia-1 exploratory well, located in Block GUA-OFF-O in deep waters offshore Colombia. The Sandia-1 well is located approximately 42 kilometers from the coast, at a water depth of 1251 meters and 18 kilometers from the Sirius-1 (discovery) and Sirius-2... Continue Reading →
July 31 (Reuters) - An ExxonMobil-led joint venture has recovered the billions of dollars it invested to develop a large oilfield in Guyana, its chief financial officer told Reuters, and the South American country will now receive more oil money. Guyana's Stabroek Block, estimated to hold at least 11 billion barrels of oil equivalent, has become... Continue Reading →
Brazil Energy Insight 