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Sept. 10 (oilnow.gy) ExxonMobil is working with the Guyana environmental regulator to advance the Longtail development, with the project expected to introduce non-associated gas and condensate production to the country’s offshore portfolio around 2030. Country President Alistair Routledge disclosed the progress during the Energy Perspectives podcast episode released on September 7. He said the company... Continue Reading →
Sept. 10 (oilprice.com) The oil and gas supply shock amid the Middle East conflict has accelerated cumulative global investments in clean hydrogen to above $130 billion across more than 570 projects, as energy security has become a key driver of uptake alongside industrial growth and decarbonization targets, the Hydrogen Council said in a new report... Continue Reading →
Aug. 25 (Reuters) British oil major Shell has shelved its Aphrodite offshore gas project in Trinidad and Tobago after disagreements over commercial terms with Trinidad's National Gas Company, three people familiar with the decision said on Monday. Shell had given the project a positive final investment decision last year, but it has decided for now... Continue Reading →
Aug. 11 (oilnow.gy) Two major offshore oil stories have unfolded on opposite sides of the Guyana-Suriname Basin, but the distance between discovery and production has been very different. Guyana went from the Liza discovery in May 2015 to first oil in December 2019, less than five years later. Its first final investment decision (FID) came in... 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 →
July 30 (oilnow.gy) Saipem has identified its subsea contract for ExxonMobil Guyana’s Longtail development as one of its largest contract awards during the second quarter of 2026, according to the company’s first-half results released on July 27. The award was listed alongside other major offshore contracts secured by Saipem during the quarter, including projects in Angola and... Continue Reading →
July 30 (oilprice.com) In a surprise development, the tiny South American nation of Guyana recently emerged as a major oil exporter. In a mere four years, the former British colony of one million went from first discovery to first oil. Guyana has cemented its place among South America’s leading oil producers, pumping nearly one million barrels per... Continue Reading →
July 28 (OE) Talos Energy has agreed to acquire a 50% working interest in Block 29 offshore Mexico from Repsol, expanding its international portfolio with a pre-final investment decision oil development that includes more than 200 million barrels of oil equivalent of estimated recoverable resources. Under the agreement, Talos will pay $30 million if it... Continue Reading →
June 22 (Reuters) - Azule Energy, a joint venture between BP and Eni, and its partners have approved the $5.1 billion Greater PAJ offshore oil project in Angola, company and government officials said at a signing ceremony on Monday. Partners in the project, Angola's first integrated cross-block development, include Norway's Equinor, Angola's oil and gas agency... Continue Reading →
June 19, 2026 – Petróleo Brasileiro S.A. – Petrobras informs that its Board of Directors today approved the Final Investment Decision (FID) for the RPBC Biorefining project, which provides for the implementation of a dedicated plant for the production of bio-jet fuel and renewable diesel at the Presidente Bernardes Refinery (RPBC), located in Cubatão (São... Continue Reading →
Brazil Energy Insight 