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Oct. 17 - bp has identified signs of hydrocarbons in well 1-BP-14-SPS, the first exploratory well drilled in the Tupinambá block, located in the pre-salt layer of the Santos Basin. Drilling took place in September using Transocean’s Deepwater Mykonos drillship. The company acquired a 100% stake in the block during the second cycle of the... Continue Reading →
Oct. 17 (oilnow.gy) Guyana’s Uaru Gold crude is expected to enter the market in December with a quality profile closely resembling the country’s first-produced Liza grade, according to preliminary assay data reviewed by Platts, part of S&P Global Energy, on October 14. The new grade is expected to have an American Petroleum Institute (API) gravity... Continue Reading →
Oct. 17 (oilnow.gy) Guyana’s first competitive oil auction offered more shallow water blocks than deep water acreage. Eleven of the 14 blocks were in shallow water, and six were selected for negotiations in October 2023. The round, launched in December 2022 and closed in September 2023, formed part of efforts to attract additional operators to... Continue Reading →
Oct. 15 (TN) Equinor is celebrating the first year of production at the Bacalhau field, reaching the milestone of 25 offloading operations and 25 million barrels of oil produced. This achievement coincides with the company’s 25th anniversary in Brazil and underscores the field’s strategic importance to Equinor’s long-term growth in the country. Operated by Equinor—in... Continue Reading →
Oct 15 (Reuters) - ExxonMobil has told Guyana it will need more offshore gas to maximize oil production than the government had expected, potentially leaving less for liquefied natural gas production and exports, two people close to the talks said. Guyanese officials are now weighing whether to shrink a planned LNG project or skip exports... Continue Reading →
Oct 15 (Reuters) - South Africa's environment minister has dismissed a challenge lodged by conservationists against an environmental authorisation to allow exploration in TotalEnergies-operated Block 3B/4B off the country's West Coast. The decision by Environmental Affairs Minister David Maynier, dated October 13 and seen by Reuters, is the latest in a series of appeals and... Continue Reading →
Oct. 13 (oilprice.com) Guyana, one of the world's newest oil exporters, is poised to surpass one million barrels per day in crude oil exports for the first time this December, marking another extraordinary milestone for the small South American country. According to Bloomberg, December's preliminary loading schedule includes 33 million barrels of crude exports, equivalent... Continue Reading →
October 13, 2026 – Petróleo Brasileiro S.A - Petrobras, further to the press release issued on May 4, 2026, informs that it has signed with Shell, TotalEnergies and Petrogal, partners in the BM‑S‑11A Consortium, the Cost and Volume Balancing Agreements (Acordos de Equalização de Gastos e Volumes – AEGVs) for Berbigão, Sururu and the Shared... Continue Reading →
Oct. 6 (oilprice.com) Centuries ago, the untamed jungles of Venezuela’s Orinoco Basin helped power the myth of El Dorado, a city made entirely of gold. But for the new adventurers staking a claim in the country’s black gold instead, there is no myth involved, but rather the world’s largest crude oil reserves of 303 billion... Continue Reading →
Oct. 5 (oilnow.gy) Guyana’s offshore oil production fell to an average 832,000 barrels per day (b/d) in August, the lowest monthly level in nearly a year, according to government data reviewed by OilNOW. Production declined by about 54,000 b/d, or 6.1%, from the 886,000 b/d recorded in July. The reduction was driven primarily by substantially... Continue Reading →
