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SBM Offshore has signed a share purchase agreement for the full divestment of its equity interest in the lease and operating entities of the Aseng floating production, storage and offloading (FPSO) unit to GEPetrol. SBM Offshore’s exit from Equatorial Guinea will take place following an operational transition phase lasting up to 12 months. According to... Continue Reading →
(OE) MODEC and Carbon Clean Solutions have signed a memorandum of understanding (MoU) to continue the development and eventual deployment of floating production, storage and offloading (FPSO)-based offshore post-combustion carbon capture technologies. The agreement seeks to establish the framework in collaborating on how to accelerate the deployment of Carbon Clean’s On-Board Carbon Capture Solution (OCCS)... Continue Reading →
PRIO S.A. (“Company” or “PRIO”) (B3: PRIO3), following best practices incorporate governance and transparency, informs its preliminary and non-audited Operational Data for the month of May. Key: (1) Following the scheduled shutdown, the resumption of Frade’s operations was impacted by a failure in the gas compression system, which is expected to be resolved in the... Continue Reading →
BRAVA ENERGIA S.A. (“BRAVA” or “Company”) (B3: BRAV3), informs its investors and the market in general the preliminary and unaudited production data for the month of May 2025. Brava renewed its historical production record in May, reaching a daily average of 88.6 thousand boe, an increase of 8% compared to the previous month. This result... Continue Reading →
(Reuters) Energy producer Shell has made a positive final investment decision on its Aphrodite gas project offshore Trinidad and Tobago, the company said on Tuesday. The project is expected to produce first gas in 2027 and have a peak production of 18,400 barrels of oil equivalent per day, it added in a release. Shell is... Continue Reading →
(Reuters) - An oil-producing consortium in Guyana comprising Exxon Mobil, Hess and CNOOC posted a 64% surge in 2024 profit to $10.4 billion, Exxon said on Tuesday, as facility updates allowed sustained output growth. Due to fast production expansion and relatively low government royalties and taxes, Guyana has become a profitable operation for the group's members, which... Continue Reading →
(OE) TotalEnergies has signed an agreement with Shell Brasil Petróleo to exchange its 20% non-operated interest in the Gato do Mato project for an additional 3% interest in Lapa, a producing offshore oil field. Through the agreement TotalEnergies will increase its interest in the operated Lapa offshore field to 48% by acquiring an additional 3%... Continue Reading →
(TN) ANP released the Monthly Bulletin of Oil and Natural Gas Production for April 2025, which contains consolidated data on national production. The month recorded a new record in pre-salt oil and gas production, with 3.734 million barrels of oil equivalent per day (boe/d). This represents an increase of 0.5% compared to the previous month... Continue Reading →
(oilnow.gy) Just across the Corentyne River, Suriname is watching. It has seen Guyana go from oil discovery to oil power in less than a decade, GDP booming, rigs multiplying and an international attention growing. But where Guyana surged ahead, Suriname is moving with caution. Guyana’s momentum was driven by multiple factors: a stable investment climate, a business-friendly... Continue Reading →
(oilnow.gy) Since ExxonMobil’s historic Liza discovery in 2015, the Stabroek Block offshore Guyana has yielded a string of world-class oil finds. While Liza remains the biggest discovery to date, several subsequent wells have encountered major oil-bearing reservoirs. Here is a ranking of the top discoveries after Liza, based on the thickness of high-quality oil or... Continue Reading →
