Brought to you by Quest Offshore & Southern Cone Consultants
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 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 4 (Reuters) Guyana has asked judges at the International Court of Justice to rule that Venezuela does not have a legitimate claim on the potentially oil-rich region around the Esequibo river, which has been the subject of a dispute between the Latin American neighbours since colonial days. "Facing a larger and more powerful neighbour's designs... Continue Reading →
May 1 (Reuters) Exxon Mobil beat estimates for quarterly adjusted earnings on Friday, helped by higher output in Guyana and the Permian Basin, though unadjusted profit dropped to its lowest level in five years due to disruptions from the Iran war that could hit production further in the current quarter. Adjusted earnings for the first... Continue Reading →
April 30 (oilnow.gy) ExxonMobil Guyana has awarded the Noble Developer a one-well contract at a day rate of US$375,000 to drill a prospect in the Stabroek Block offshore Guyana. The contract is scheduled to commence in early 2027. ExxonMobil Guyana said it contracted the rig “to drill a prospect in the shallow water portion of... Continue Reading →
April 27 (oilnow.gy) Noble Corporation plc reported first-quarter 2026 results on April 26, with higher revenue and earnings driven by improved fleet utilization. The company said contract drilling services revenue totaled US$743 million in the first quarter, up from US$705 million in the prior quarter. Utilization of its 29 marketed rigs rose to 68%, compared... Continue Reading →
April 23 (oilnow.gy) Saipem reported revenue of €3.5 billion for the first quarter of 2026, with earnings rising on stronger performance in its offshore and onshore engineering and construction segments. The company said on April 21 in Milan that adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA) increased 24% year-on-year to €434 million, while... Continue Reading →
April 23 (OE) Deepwater production continues to remain a core part of the long-term energy supply mix. While production from conventional onshore and shallow-water assets is expected to remain broadly flat under our base case, Welligence estimates that global deepwater oil production will grow from its current level of around 8 million bbl/d to close... Continue Reading →
April 22 (oilnow.gy) South America’s upcoming oil developments, including several in Guyana, are gaining increased importance due to recent developments in the Middle East, Norway-based Rystad Energy said in an April 21 analysis. “The Middle East conflict has done more than spike oil prices — it has exposed how dangerously concentrated global supply chains are... Continue Reading →
April 22 (oilnow.gy) ExxonMobil Guyana has awarded a limited notice to proceed (LNTP) to Italy’s Saipem, related to its proposed Longtail project in Guyana, signaling a future full contract award that Saipem said could be worth up to US$1.5 billion. The Italian engineering firm said it has been awarded a new limited notice to proceed... Continue Reading →
Brazil Energy Insight 