March 18 (oilnow.gy) ExxonMobil Guyana Limited (EMGL) will continue development drilling at the Uaru Project’s UA_4P04 drill center in the Stabroek Block offshore Guyana, according to a notice from the Maritime Administration Department (MARAD). Operations began on March 12, 2026, within Guyana’s Exclusive Economic Zone. The MODU Noble Tom Madden is conducting the drilling campaign.... Continue Reading →
ExxonMobil’s Longtail FPSO specs cater for higher production
March 17 (oilnow.gy) Design specifications for the floating production vessel planned for ExxonMobil’s proposed Longtail project in Guyana allow for higher production, according to the environmental impact assessment (EIA) report submitted by ExxonMobil. This could facilitate increased hydrocarbon production once initial levels are safely achieved. The executive summary of the EIA report outlines key operating... Continue Reading →
US Gov’t Drafting Agreements to Pay French Developer Nearly USD 1 Billion to Cancel Offshore Wind Leases – Reports
March 17 (offshoreWIND.biz) The US government is working on settlement agreements that involve the government cancelling TotalEnergies’ Attentive Energy and Carolina Long Bay offshore wind leases and reimbursing the French energy company USD 928 million (around EUR 806 million) for the financial bids through which it secured the two areas in lease sales during the... Continue Reading →
Automation, emissions reduction to define next generation of FPSOs — MODEC
March 16, (oilnow.gy) Automation, digital technologies, and emissions reduction are expected to shape the next generation of floating production, storage and offloading (FPSO) vessels, according to discussions at the Deepwater Development Conference in Lisbon, Portugal. The conference, hosted by World Oil and Gulf Energy Information, continued on March 11 with contractor panels, technical sessions, and... Continue Reading →
Exxon completes environmental study for Guyana’s first non-associated gas projec
March 16 (oilnow.gy) ExxonMobil has submitted the environmental impact assessment and environmental impact statement for the proposed Longtail development offshore Guyana, a key step toward the country’s first non-associated gas project. The documents were filed with the Environmental Protection Agency, according to a public notice. Exxon’s consultant Acorn International conducted the assessment. Members of the... Continue Reading →
Deepwater to remain a core growth engine as Brazil and Guyana underpin production growth
March 16 (oilnow.gy) Deepwater oil and gas development will remain a major driver of global supply, with Brazil and Guyana expected to underpin production growth, according to discussions at a recent Deepwater Development Conference in Lisbon, Portugal. The conference, organized by World Oil and Gulf Energy Information, opened on March 10 with an operator panel,... Continue Reading →
ABL Gets Work on ExxonMobil’s Seventh Guyana Oil Project
March 11 (OE) Energy and marine consultancy ABL has been contracted to provide marine warranty survey services for marine operations and installation activities on ExxonMobil’s Hammerhead development offshore Guyana. The Hammerhead project is expected to be the seventh development in the Stabroek Block, located around 200 km offshore Guyana in water depths ranging from 850... Continue Reading →
TotalEnergies, Repsol and Shell Bring Lapa South-West Online off Brazil
March 11 (OE) TotalEnergies and its partners Repsol and Shell have started production from the Lapa South-West project in Brazil’s Santos Basin. Located approximately 300 km offshore, the project consists of three wells tied back to the existing Lapa floating production, storage and offloading (FPSO) unit and is expected to increase production from the Lapa... Continue Reading →
Exxon looks to ditch New Jersey incorporation for Texas homecoming
March 10 (Reuters) - Exxon Mobil is seeking to abandon its corporate registration in New Jersey and redomicile in Texas where its headquarters is located, the U.S. oil major said on Tuesday, in a move that could help bolster its defenses against activist shareholders and climate advocates. Exxon announced the proposal in a proxy filing. If the move is approved... Continue Reading →
Shell Inks Oil and Gas Exploration Deals with Venezuela
March 9 (Reuters) Oil major Shell inked several oil agreements with the Venezuelan government that span offshore natural gas and onshore oil and gas opportunities, the company said in a statement. It also signed several technical and commercial agreements with Venezuelan engineering company VEPICA, as well as with KBR and U.S. oil services firm Baker... Continue Reading →