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Sept 19 (Reuters) - French energy company TotalEnergies and its partners in the $12 billion GranMorgu offshore oil and gas project in Suriname are on track to inaugurate output in mid-2028, the head of state-run Staatsolie, Annand Jagesar, said on Saturday during a tour to oversee the development's progress. "Together, we are not only developing... Continue Reading →
Sept.18 (oilnow.gy) Indonesia’s state-owned energy company PT Pertamina is exploring upstream oil and gas investments in Guyana and Suriname to secure more reliable energy sources. Indonesia’s Ministry of Foreign Affairs confirmed that the company has started preliminary discussions on exploration and investment opportunities in the two South American countries. Indonesian state news agency ANTARA News... Continue Reading →
Sept. 16 (oilprice.com) Argentina's controversial right-wing president, Javier Milei, slashed inflation with a brutal dose of economic austerity, but this came at a steep social cost. The cost of living is spiraling higher, fueling household debt, loan delinquencies, and economic hardship. Industrial output, since Milei took office, has declined sharply, with local companies closing at... Continue Reading →
Sept. 14 (OE) Saipem has been awarded a contract worth about $350 million for subsea work on Azule Energy's West Hub Tails oil project offshore Angola, part of the wider Agogo Integrated West Hub Development. The project is located about 180 kilometers offshore Angola in water depths of up to 1,750 meters. Under the contract... Continue Reading →
Sept. 10 - ANP (National Agency of Petroleum, Natural Gas and Biofuels) announced that bp has begun drilling the first well in the Tupinambá block, located in the pre-salt area of the Santos Basin. Drilling operations commenced on September 8, four days after Ibama issued the license authorizing an exploratory campaign of up to three... Continue Reading →
Sept. 10 (oilnow.gy) ExxonMobil is working with the Guyana environmental regulator to advance the Longtail development, with the project expected to introduce non-associated gas and condensate production to the country’s offshore portfolio around 2030. Country President Alistair Routledge disclosed the progress during the Energy Perspectives podcast episode released on September 7. He said the company... Continue Reading →
Sept. 10 (OE) TotalEnergies has made a new oil discovery at Acacia-5 in Angola's Block 17 and expects to bring it into production just three months after the June 2026 discovery, while expanding its exploration portfolio with operated interests in two additional offshore blocks. The Acacia-5 development will use available capacity on the Pazflor FPSO... Continue Reading →
Sept. 9 (OE) ExxonMobil has made a new hydrocarbon discovery at the Vicango East-01 exploration well in Angola’s offshore Block 15, marking the third discovery in the prolific block in the past four years. The well encountered about 25 metres (82 feet) of high-quality, hydrocarbon-bearing sandstone with porosity of 22%, Angola’s National Oil, Gas and... Continue Reading →
Sept. 9 (oilnow.gy) ExxonMobil Guyana’s Hammerhead development is progressing on several fronts, with drilling, subsea equipment manufacturing and construction of the project’s floating production, storage and offloading (FPSO) facility underway. During a recent episode of the Energy Perspectives podcast released September 7, ExxonMobil Guyana President Alistair Routledge provided the update, noting that the US$6.8 billion... Continue Reading →
Sept. 3 (oilprice.com) Venezuelan opposition leader María Corina Machado is backing a long-term U.S. role in developing the country’s oil reserves, even as she questions who has the authority to sign the sweeping agreement announced by acting President Delcy Rodríguez. Machado said Thursday that the scope of the agreement remains unclear, including who is signing... Continue Reading →
