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Sept. 28 (Exxon) Producing one billion barrels of oil is an extraordinary milestone anywhere in the world. In Guyana, it represents a story of vision, partnership, and excellence that has reshaped the nation and the global energy landscape. Just over a decade ago, ExxonMobil and our co-venturers made a world-class discovery in Guyana's Stabroek block.... Continue Reading →
Sept. 28 (offshore-energy.biz) Just three months after installing a brand-new electrical system to boost its flagship Brazilian offshore field, Karoon Energy, an ASX-listed international oil and gas exploration and production player, is heading back to the drawing board. After noting a fault on the monitoring system of the SPS-92 well at the Baúna field, Karoon... Continue Reading →
Sept. 24 - Petrobras plans to install a production platform at the Mãe de Ouro field—which has not yet been drilled—in the Potiguar Basin, should the discovery's potential be confirmed, stated Petrobras CEO Magda Chambriard. Ibama authorized offshore drilling for this block and three others in March of this year. "If this discovery plays out... Continue Reading →
Sept 23 (Reuters) - British energy major Shell and Trinidad and Tobago's National Gas Company have agreed terms for natural gas supplies from Shell's Aphrodite field, ending a pricing dispute that had delayed the project, NGC Chairman Gerald Ramdeen told Reuters on Wednesday. The agreement clears the way for development of the offshore field, with... Continue Reading →
Sept 23 (Reuters) - Brazil's state-run oil firm Petrobras may include the Sirius offshore gas project in Colombia as part of the production curve to be unveiled in its 2027-2031 business plan later this year, a company executive said on Wednesday. "I think it should appear (in the business plan) if we get the environmental... Continue Reading →
Sept. 23 (TN) Porto do Açu and operator Perenco Brasil signed a Letter of Intent (LOI) for the development of the first offshore platform electrification project in the Campos Basin. The agreement entails supplying power from shore to Perenco’s units at the Pargo and Cherne Hubs—located in shallow waters—via an 80-kilometer subsea cable connected to... Continue Reading →
Sept. 22 (oilnow.gy) Production from Guyana’s Yellowtail development in the Stabroek Block is expected to ramp up further before year-end, with ExxonMobil studying an optimization that could lift output from the ONE GUYANA floating production, storage and offloading (FPSO) vessel to around 290,000 barrels per day (b/d). The move to increase Yellowtail’s production by about... Continue Reading →
Sept. 22 (Reuters) Brazilian state-run oil company Petrobras' analysis of oil discovered at the Morpho exploration well in the offshore Foz do Amazonas basin showed it to be "very high quality" crude, an executive told Reuters on Monday. The crude found at the well could prove superior to oil produced from Brazil's prolific pre-salt fields,... Continue Reading →
Sept. 22 (OE) Petrobras, Shell and Strohm have completed a qualification and offshore field trial program for a thermoplastic composite pipe flowline designed for high-CO2 conditions in Brazil's deepwater pre-salt, clearing the way for a Petrobras pilot installation planned for early 2027. The joint industry program included full-scale qualification and offshore trials of Strohm's corrosion-free... Continue Reading →
Sept. 21 (oilnow.gy) Guyana’s first competitive offshore licensing round attracted global energy companies and tested stronger fiscal terms. However, the government will need to improve the speed, certainty, and data supporting the process before offering more blocks. The government has indicated an interest in another licensing round as it seeks to widen exploration beyond the... Continue Reading →
