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(Reuters) - Exxon Mobil (XOM.N), opens new tab on Friday disclosed a new oil and gas discovery in the prolific Stabroek block offshore Guyana, the company's first announced discovery in the South American country this year. The Bluefin discovery joins more than 30 already since 2015 in the Stabroek block, an 6.6 million acre (26,800 square kilometers)... Continue Reading →
One of the drillships owned by Stena Drilling, an offshore drilling contractor, has completed its 15-year special period survey (SPS). The Stena Carron drillship went to Las Palmas to start its SPS, during which maintenance was performed on the sheaves. According to Stena Drilling, the main and auxiliary wells were removed and replaced, full bearing replacements were conducted, and... Continue Reading →
(ON) By the third quarter of 2024, Saipem Guyana is set to occupy 81,000 square meters (m2) of the Vreed-en-Hoop Shore Base Inc. (VEHSI) facility, allowing it to fabricate “more complex” subsea structures for the country’s booming oil industry. Saipem is one of the prime contractors of Stabroek Block operator, ExxonMobil. The revelation was made... Continue Reading →
(Reuters) U.S. oil producer Hess said on Thursday it was reviewing the timeline for closing its merger with Chevron, after oil major Exxon Mobil signaled a potential counter offer for Hess's Guyana assets. Exxon on Wednesday filed a contract arbitration claim related to Hess' proposed sale of its Guyana oil properties and suggested it may... Continue Reading →
(Reuters) Exxon Mobil Corp on Wednesday said it filed a contract arbitration claim disputing Hess Corp's proposed sale of its Guyana oil properties, and suggested it may counter Chevron Corp's pending deal for the assets. The arbitration case seeks to preserve Exxon's right to acquire Hess's 30% stake in the giant Stabroek offshore oil block,... Continue Reading →
(Oilprice.com) Exxon and Malaysia’s state-run Petronas will extend exploration for a gas discovery off the coast of Suriname, the country’s national oil company, Staatsolie, said on Monday. Eyeing a repeat of the huge oil and gas success in the same basin offshore Guyana, explorers in Suriname are also reportedly considering a floating LNG project. Exploration... Continue Reading →
(OM) SBM Offshore has issued updates on its latest FPSO construction programs. Topsides module lifting is nearing completion on the Almirante Tamandaré, with integration and commissioning activities progressing in parallel. The FPSO is due to be delivered later this year and should produce first oil for Petrobras from the Búzios Field in early 2025. Alexandre de Gusmão,... Continue Reading →
(ON) Dutch shipbuilder, SBM Offshore, said it has reserved a multi-purpose floater hull for the Jaguar floating production, storage and offloading (FPSO) vessel it is expected to construct for ExxonMobil’s sixth development offshore Guyana. In its 2023 Annual Report, the company said the hull ‘MPF5’, for the Jaguar FPSO, is under fabrication at China’s SWS... Continue Reading →
(Reuters) - Brazil, Guyana and Suriname have agreed to deepen discussions on cooperation in the oil and gas sector, according to a joint statement released by the countries on Thursday after a meeting between their presidents. Guyana President Irfaan Ali said he expects Brazil's state-run oil firm Petrobras (PETR4.SA), opens new tab to become more involved in... Continue Reading →
ExxonMobil's surprise challenge to Chevron's acquisition of Hess through a dispute over a stake in a major Guyana oil field could prove fruitful for the U.S. oil giant, even if it does not end up enlarging its holdings in the South American country. Exxon said on Monday it may exercise pre-emptive rights that could block Chevron... Continue Reading →
Brazil Energy Insight 