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Nov. 25 (oilnow.gy) Guyana’s Stabroek Block now has 51 discoveries filed with the Ministry of Natural Resources. ExxonMobil confirmed the figure in a release on Sunday, stating, “We have announced more than 30 significant discoveries in the Stabroek Block, while filing 51 Notices of Discovery with the Ministry.” ‘Significant discoveries’ are those that materially impact... Continue Reading →
Nov. 25 (offshore-energy.biz) Three energy giants – France’s TotalEnergies, Qatar’s state-owned QatarEnergy, and Malaysia’s Petronas – are joining forces to explore the hydrocarbon potential of an offshore block in Guyanese waters. To this end, QatarEnergy has confirmed the signing of a production sharing agreement (PSA) for shallow-water Block S4 offshore Guyana, following the award of the block through... Continue Reading →
Nov. 24 (oilnow.gy) The four floating production, storage and offloading vessels operating in the Stabroek Block have become the backbone of Guyana’s offshore industry, each larger and more advanced than the last. Together, Liza Destiny, Liza Unity, Prosperity and ONE GUYANA have pushed national output beyond 900,000 barrels per day, demonstrating how quickly ExxonMobil has... Continue Reading →
Nov. 24 (oilnow.gy) Staatsolie launched its new Open-Door Offering this morning, creating new opportunities for exploration and production companies to enter the Suriname-Guyana Basin. The initiative was formally announced by Managing Director Annand Jagesar, who stated, “This initiative opens new opportunities for exploration and production companies and aims to maintain a high level of exploration activities offshore... Continue Reading →
Nov. 21 (OE) Swiss-based equipment supplier Sulzer has secured an order to supply multiple water injection packages to Seatrium for Petrobras’ next generation P-84 and P-85 floating production storage and offloading (FPSO) vessels. To support the construction of both vessels, Sulzer will deliver fully integrated pump skids designed to provide maximum efficiency in a compact... Continue Reading →
Nov. 20 (oilnow.gy) Japan-based floating production specialist MODEC Inc. has reported strong results for the first nine months of 2025, driven by a new contract with ExxonMobil Guyana Limited for the Hammerhead development in the Stabroek Block. The company said orders received totaled US$8.4 billion for the period ending September 30, up 1,327% from the... Continue Reading →
Nov 19 (Reuters) Oil majors TotalEnergies and Chevron are front-runners in the auction for a 40% operating stake in Galp's Mopane field in Namibia, four sources told Reuters. Mopane has estimated resources of at least 10 billion barrels, and Galp has said it would announce a winner by year-end. International oil companies have flocked to Namibia, which has no hydrocarbon... Continue Reading →
Nov 19 (OE) BW Energy has completed drilling operations on the Kharas-1 appraisal well in the Kudu license area, offshore Namibia, confirming the presence of hydrocarbons. The well, drilled with Odfjell Drilling-managed Deepsea Mira rig, reached a total depth of 5,100 m and intersected multiple reservoir intervals. The well will now be plugged, and abandoned... Continue Reading →
Nov. 19 - Petrobras has extended the charter of the Transocean Deepwater Mykonos rig. The charter period, previously scheduled to end in October of this year, has been extended by 60 days, until December, with an option for another 120 days, until April 2026 Built at the Samsung Heavy Industries shipyard in South Korea, the... Continue Reading →
Nov. 18 (oilnow.gy) ExxonMobil’s Payara project continues to hold the record for the fastest production ramp-up among all oil developments in Guyana’s offshore Stabroek Block. Production from the Prosperity floating production, storage and offloading (FPSO) vessel began in November 2022 and hit 220,000 barrels per day (b/d) just two months later, three months ahead of schedule. That... Continue Reading →
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