Offshore installation begins for Whiptail project’s subsea system

July 29 (oilnow.gy) Subsea installation activities have started for ExxonMobil Guyana’s Whiptail development in the Stabroek Block, ahead of the arrival and installation of the Jaguar floating production, storage and offloading (FPSO) vessel being constructed by SBM Offshore. ExxonMobil confirmed to OilNOW on July 28 that the ongoing offshore installation activities are related to the project’s subsea umbilicals,... Continue Reading →

July 29, 2026 0

Beyond light and sweet: The carbon advantage of Guyana’s oil production

July 27 (oilnow.gy) Guyana’s crude has earned a reputation for being light and sweet, making it attractive to refiners because it is easier and less expensive to process into products such as gasoline, diesel and jet fuel. Increasingly, however, another quality is helping distinguish the country’s barrels in global markets: their relatively low carbon intensity. As... Continue Reading →

July 27, 2026 0

Supermajors secure more exploration acreage as drilling commitments decline, Westwood Energy says

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 27, 2026 0

TotalEnergies Profit Soars 68% as Oil Price Surge Lifts Earnings

July 23 (oilprice.com) TotalEnergies’ adjusted net income jumped by 68% from a year earlier to $6 billion for the second quarter of 2026 as the jump in oil prices and refining margins boosted earnings and cash flows. The French supermajor on Thursday reported an adjusted net income of $6 billion, which met analyst expectations and rose by... Continue Reading →

July 23, 2026 0

Brazil’s Oil Boom Is Accelerating as Asian Buyers Flee the Middle East

July 22 (oilprice.com) Since Middle East hostilities reignited, oil prices have soared higher, although they remain below the highs witnessed during April 2026. This can be blamed on U.S. strikes against Iran, with Tehran and Washington disrupting traffic in the Strait of Hormuz, through which a fifth of global hydrocarbon supplies are shipped. This has sparked greater demand for Brazil’s... Continue Reading →

July 23, 2026 0

Latin American momentum grows: Chevron’s Uruguay extension buys time for seismic work as Sintana pursues permit offshore Argentina

July 21 (offshore-energy.biz) Canada-headquartered oil and natural gas exploration player Sintana Energy has shed light on the latest activities in Latin America, confirming the advancement of its offshore plans in Argentina and an extension for the Chevron-operated block off the coast of Uruguay. According to Sintana, the National Administration of Fuels, Alcohol and Portland Cement... Continue Reading →

July 21, 2026 0

Guyana closes in on one million barrels per day as Uaru start-up approaches

July 21 (oinow.gy) Guyana is approaching oil production of one million barrels per day (b/d), less than seven years after the country produced its first commercial crude from the ExxonMobil-operated Stabroek Block. Production from four offshore projects averaged 903,000 b/d in April 2026, according to government data reviewed by OilNOW. The Uaru project, expected to begin... Continue Reading →

July 21, 2026 0

Major Offshore FID Decisions in 2025 Took Place in Brazil – Westwood

July 21 (PN) Brazil was home to the major large-scale offshore projects that reached a final investment decision (FID) in 2025, according to the third edition of the State of Exploration series released by the consultancy Westwood. The report analyzes the evolution of high-impact discoveries made between 2010 and 2025 and assesses the industry's ability... Continue Reading →

July 21, 2026 0

Grupo Carso to Buy TotalEnergies’ Stake in Mexico Offshore Block

July 17 (OE) Grupo Carso has signed a binding agreement with TotalEnergies to acquire its entire 30% interest in offshore Block 30 in Mexico's Isthmus Saline Basin. The acquisition will be carried out through Mx Dlta Nrg 1, a subsidiary of Zamajal, in which Grupo Carso holds an 80% interest and Control Empresarial de Capitales... Continue Reading →

July 17, 2026 0

Longtail expected to support stronger subsea tree awards in second half of 2026

July 16 (oilnow.gy) ExxonMobil’s planned Longtail development offshore Guyana is among the major projects expected to support stronger global subsea tree contract activity during the second half of 2026. Westwood Global Energy Group on July 15 identified Longtail as a key future source of demand as offshore operators advance large developments requiring subsea production equipment. Subsea... Continue Reading →

July 16, 2026 0

Category: Oil Majors

Offshore installation begins for Whiptail project’s subsea system

Beyond light and sweet: The carbon advantage of Guyana’s oil production

Supermajors secure more exploration acreage as drilling commitments decline, Westwood Energy says

TotalEnergies Profit Soars 68% as Oil Price Surge Lifts Earnings

Brazil’s Oil Boom Is Accelerating as Asian Buyers Flee the Middle East

Latin American momentum grows: Chevron’s Uruguay extension buys time for seismic work as Sintana pursues permit offshore Argentina

Guyana closes in on one million barrels per day as Uaru start-up approaches

Major Offshore FID Decisions in 2025 Took Place in Brazil – Westwood

Grupo Carso to Buy TotalEnergies’ Stake in Mexico Offshore Block

Longtail expected to support stronger subsea tree awards in second half of 2026

Archives

Contact Us