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Aug. 6 (OE) Dutch floating production specialist SBM Offshore raised its 2026 outlook for the second time this year on Thursday after strong contract activity and the sale of its One Guyana vessel helped lift first-half revenue, sending its shares up more than 7%. The company, which builds, leases and operates floating production, storage and... Continue Reading →
The Errea Wittu floating production, storage and offloading (FPSO) vessel is currently in West African water on its voyage to Guyana’s Stabroek Block, vessel tracking data shows. Marine Traffic placed the FPSO in the region after it departed Singapore in June. Separate automatic identification system data published by VesselFinder provides an estimated arrival date of August... Continue Reading →
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. 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 →
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 →
July 31 (oilnow.gy) TechnipFMC reported “strong” second-quarter 2026 results on July 30, driven by US$2.5 billion in subsea orders and higher project activity across its offshore business. The company recorded total revenue of US$2.76 billion during the quarter. Net income attributable to TechnipFMC reached US$362.7 million, while adjusted Earnings Before Interest, Taxes, Depreciation, and Amortization... Continue Reading →
July 31 (Reuters) - ExxonMobil missed Wall Street estimates for second-quarter profit on Friday, even as high oil prices and improved refining margins brought by the Iran war led to its biggest quarterly profit in four years. Adjusted earnings for the largest U.S. oil major by market capitalization rose 67% from the first quarter to $14.7 billion, or... 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 →
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