ExxonMobil’s Longtail development outlines layered safeguards for marine protection offshore Guyana

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 25, 2026 0

Guyana oil fund surpasses US$4 billion for first time

May 21 (oilnow.gy) Guyana’s Natural Resource Fund (NRF) surpassed the US$4 billion mark for the first time at the end of April 2026, supported by high crude prices and stable offshore crude production. According to the April report for the NRF, the fund closed the month with a balance of approximately US$4.1 billion (GY$856 billion).... Continue Reading →

May 21, 2026 1

Sea Lion Partners Eye Major Offshore Expansion with Second FPSO

May 21 (OE) Rockhopper Exploration has informed that the operator Navitas Petroleum is studying an accelerated expansion of the Sea Lion offshore oil development north of the Falkland Islands after signing a memorandum of understanding for a second floating production, storage and offloading vessel (FPSO). The additional FPSO could raise Sea Lion production capacity by... Continue Reading →

May 21, 2026 0

ExxonMobil orders more line pipe from Vallourec

May 20 (offshore-energy.biz) French provider of tubular solutions Vallourec has secured two additional line pipe orders from ExxonMobil Guyana Limited (EMGL) for delivery to the Stabroek Block, under the long-term agreement the companies signed in 2021. The combined scope includes the supply of over 145 kilometers of coated line pipe for EMGL’s deepwater Hammerhead and Longtail... Continue Reading →

May 20, 2026 0

Staatsolie says investor confidence supported GranMorgu funding deal

May 19, (oilnow.gy) Staatsolie secured more than US$2 billion in financing in 2025 to fund its 20% participation in Suriname’s GranMorgu offshore oil development, according to Managing Director Annand Jagesar. In a message published in the company’s 2025 Annual Report released on May 15, Jagesar said Staatsolie raised US$516 million through the Staatsolie Bond 2025-2033 and secured... Continue Reading →

May 19, 2026 0

Petrobras decides to develop Aram discovery in Santos, says president

May 15 - Petrobras has decided to develop the Aram discovery in the pre-salt layer of the Santos Basin, said Petrobras president Magda Chambriard this Friday (15). The company expects to have at least two producing wells by 2030, said the executive, in a press conference to discuss the company's investments in the state of... Continue Reading →

May 16, 2026 0

ABL Nets Brazil Job Tied to Mero Offshore Oil and Gas Projects

May 14 (OE) ABL Energy & Marine Consultants Brasil has been appointed marine warranty surveyor (MWS) for Subsea7’s transportation and installation campaign covering SURF infrastructure for the Mero 3 and Mero 4 offshore developments in Brazil’s Santos Basin. The scope covers subsea pipelines and associated subsea risers and flowlines infrastructure linked to the Mero 3... Continue Reading →

May 14, 2026 0

ExxonMobil evaluating Guyana discoveries in waters nearing 3,000 meters

May 13 (oilnow.gy) ExxonMobil Guyana is evaluating discoveries in offshore waters approaching 3,000 meters deep as the company moves beyond the large oil projects that drove the first phase of development in the Stabroek Block. ExxonMobil Guyana Development Manager Kyle Countryman discussed the deeper-water prospects during a panel session at the Offshore Technology Conference (OTC)... Continue Reading →

May 13, 2026 0

Shell Selects New Wave Offshore for Orca Project in Santos Basin

May 11 (OE) New Wave Offshore Energy has been selected by Shell to provide marine warranty survey services for the Orca project in Brazil’s pre-salt Santos Basin. The contract covers marine warranty and assurance services for the offshore development, which is estimated to contain recoverable resources of about 370 million barrels. New Wave Offshore’s scope... Continue Reading →

May 11, 2026 0

SBM Offshore Boosts Revenue Outlook on Strong Turnkey Business

May 7 (Reuters) Dutch floating production specialist SBM Offshore raised its 2026 revenue guidance on Thursday after first-quarter directional revenue more than tripled, driven mainly by its turnkey business and the sale of One Guyana. The company sold One Guyana, a floating production, storage and offloading vessel (FPSO), to ExxonMobil in February for $2.3 billion.... Continue Reading →

May 7, 2026 0