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Feb. 28 (oilprice.com) Once one of South America’s poorest countries, Guyana is now ranked among the world’s richest because of the vast petroleum wealth contained in its territorial waters. A swath of major oil discoveries in the offshore Stabroek Block by operator ExxonMobil, with partners Chevron and CNOOC, saw Guyana emerge as a major oil producer and... Continue Reading →
Feb. 27 (oilprice.com) South America is set to maintain its position as the most significant region for floating production, storage, and offloading (FPSO) vessels, with 36 projects awarded or expected to be awarded between 2021 and 2030, totaling field greenfield commitments worth around $181 billion. Among these 36 projects, 25 have disclosed FPSO costs ranging... Continue Reading →
Feb. 26 (Reuters) Dutch offshore oil services company SBM Offshore announced a 57% annual surge in shareholder returns to a record $470 million (397.8 million euros) on Thursday and said it will return at least $2.1 billion to investors over six years. The Amsterdam-based floating production specialist said it would pay $2.57 per share through... Continue Reading →
Feb. 25 - BRAVA ENERGIA S.A. (“Brava” or “Company”) (B3: BRAV3), communicates its investors and the market in general that received the industry's top O&G award and reaches a level of worldwide excellence. For the first time, an independent Brazilian company wins the OTC Distinguished Achievement Award for Companies. The achievement stems from the development... Continue Reading →
Feb 24 (PN) Petrobras President Magda Chambriard announced that the company completed the anchoring of the P-79 floating production, storage and offloading (FPSO) vessel in the Búzios field, in the pre-salt layer of the Santos Basin, in record time. The activity was completed in just 12 days, an unprecedented milestone for the company among its... Continue Reading →
Feb 18 (Reuters) - Exxon Mobil's fifth and sixth projects in Guyana - Uaru and Whiptail - are progressing ahead of schedule and under budget, the oil major's president of Guyana operations said on Wednesday during an energy conference. Alistair Routledge, Exxon Guyana President, declined to provide a specific timeline for startup of the projects,... Continue Reading →
Feb. 18 (oilprice.com) Guyana’s sights are set much higher than just being the new oil darling of the Western hemisphere. It wants to be the gas darling too. That’s the frame coming out of Georgetown as Guyana lines up a second gas pipeline project, even before the first one is fully online. President Irfaan Ali... Continue Reading →
Feb. 18 (oilprice.com) A slew of high-quality oil discoveries in offshore Block 58 by TotalEnergies and its 50% partner, APA Corporation, has seen the tiny South American country of Suriname touted as the next Guyana. While Suriname’s offshore waters hold considerable petroleum potential, the country’s oil boom has been fraught with delays. Conflicting geological data, high gas-to-oil ratios,... Continue Reading →
12 February 2026 – Jumbo Offshore has completed mooring pre-installationactivities for the FPSO Errea Wittu for Exxon Mobil Guyana Ltd. at Uaru Field,Stabroek Block, Offshore Guyana, on behalf of Modec. The scope of work included theinstallation of suction anchors and the pre-lay of mooring lines in preparation forFPSO hook-up.Jumbo Offshore performed installation engineering, procurement, mobilisation... Continue Reading →
Feb. 12 (OE) BW Offshore has unveiled a floating blue ammonia FPSO concept developed in collaboration with McDermott International, combining offshore production, carbon capture and direct export to convert surplus natural gas into lower-carbon fuel. The floating production, storage and offloading (FPSO) concept is designed to process up to 3 million cubic meters of gas... Continue Reading →
Brazil Energy Insight 