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Aug. 11 (oilnow.gy) Two major offshore oil stories have unfolded on opposite sides of the Guyana-Suriname Basin, but the distance between discovery and production has been very different. Guyana went from the Liza discovery in May 2015 to first oil in December 2019, less than five years later. Its first final investment decision (FID) came in... Continue Reading →
Aug 10 (Reuters) - BP has agreed to sell a 20% stake in a block that contains the Trinidad portion of the cross-border Cocuina-Manakin natural gas field to the country's state-owned National Gas Company, the company said on Monday in an emailed statement. BP and NGC signed the deal for the stake in the Manakin portion... Continue Reading →
July 27 (oilnow.gy) Global oil and gas majors are expanding their exploration portfolios, but most new agreements are focused on securing future opportunities rather than committing to immediate drilling activity, according to an analysis by Westwood Global Energy Group. The analysis, published on July 21, examined exploration agreements secured by the supermajor group, including bp,... Continue Reading →
July 16 (africa.businessinsider.com) An African island nation offered oil companies control of as much as 85% of three offshore blocks. Only two investors came forward. São Tomé and Príncipe has now reportedly rejected every bid submitted in its latest licensing round, delivering another setback to the Central African country’s decades-long search for a commercially viable... Continue Reading →
July 10 (oilnow.gy) Staatsolie Maatschappij Suriname N.V. has received the fourth proposal under its Open Acreage model, extending a run of offshore proposal activity as Suriname works to advance its oil production ambitions. The state oil company announced on July 7, 2026, that it received a proposal for an area in Sector 2: SHO EAST,... Continue Reading →
July 8 (OE) The PlemCat floating offshore wind test site in the Spanish Mediterranean has secured a favorable Environmental Impact Assessment (EIA), clearing a key regulatory hurdle for deployment of X1 Wind's 8.5 MW X100 platform under the NextFloat project. The approval was officially published in Spain's Boletín Oficial del Estado on July 8 and... Continue Reading →
June 18 (offshore-energy.biz) A multi-client 3D seismic survey is on the agenda at one of the frontier regions in Brazilian waters, with Norway’s energy data and intelligence company TGS and its joint venture (JV) partner, U.S.-headquartered SLB, at the helm of the campaign that will help boost the hydrocarbon exploration momentum in the South American... Continue Reading →
12 June 2026 – Trafigura has received a licence from Brazil's National Electric Energy Agency (ANEEL) to trade wholesale power in Brazil, marking the company’s entry into Latin America’s largest and most developed power market. With the licence now granted, Trafigura’s Brazil power desk is positioned to participate actively in the country’s electricity market. The desk... Continue Reading →
June 11 (Reuters) - Venezuela signed five agreements with British oil major Shell on Thursday to advance oil and gas projects, including the company's participation in the coveted 7-trillion-cubic-feet Loran offshore gas field, the government said. The country had signed preliminary agreements for these and other projects earlier this year with Shell, one of the few... Continue Reading →
June 12 - Petrobras has updated its forecast for the completion of drilling at the Morpho well in the Foz do Amazonas Basin, off the coast of Amapá. The initial expectation was to finish work by the end of June, but the company informed IBAMA (Brazilian Institute of Environment and Renewable Natural Resources) that it... Continue Reading →
