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Jan. 6 (oilnow.gy) A consortium led by TotalEnergies plans to begin a US$25 million 3D seismic survey at Guyana’s offshore Block S4 in August 2026, a project summary from the Environmental Protection Agency (EPA) said. The proposed campaign will cover about 2,000 square kilometers in shallow waters roughly 40 km offshore, at depths of 20 to... Continue Reading →
Jan. 6 (oilnow.gy) Guyana’s Minister of Natural Resources, Vickram Bharrat, has assured that offshore oil and gas exploration activities continue without a hitch. The assurance comes amid heightened geopolitical tensions in the region following the capture of Venezuelan President Nicolás Maduro by U.S. military forces over the weekend. Bharrat confirmed to OilNOW on January 4... Continue Reading →
Jan. 6 (OE) Chevron has delivered first oil from its South N’dola platform offshore Angola, marking a major project milestone just over two years after construction began. Located in Block 0, which accounts for around 12% of Angola’s daily energy output, the new platform connects to existing infrastructure via a tieback to the Mafumeira facility,... Continue Reading →
Jan. 6 (Reuters) U.S. President Donald Trump is giving U.S. energy companies the opportunity to revive Venezuela’s massive, derelict oil industry. It’s an offer they may want to refuse. After the U.S. military’s ouster of Venezuelan President Nicolas Maduro at the weekend, representatives of the Trump administration plan to meet with oil executives later this... Continue Reading →
Jan 5 (Reuters) - The Trump administration did not consult with oil companies Exxon Mobil, ConocoPhillips, or Chevron Corp about Venezuela before or after U.S. forces captured the South American country’s president Nicolas Maduro Jan. 3, according to four oil industry executives familiar with the matter. That contradicts President Donald Trump's assertion aboard Air Force One... Continue Reading →
Jan 5 (Reuters) - Here are key facts about international oil companies in Venezuela, a country with the world's largest oil reserves thrown into crisis by the capture of President Nicolas Maduro by U.S. forces. In the 2000s, former President Hugo Chávez expropriated assets from several foreign oil companies, strengthening state-owned PDVSA’s control over the country's oilfields. Today, foreign... Continue Reading →
Jan. 3 (oilprice.com) Suriname’s government, in the capital Paramaribo, has been hungrily eyeing neighboring Guyana’s massive world-class oil boom since before the 2020 pandemic. Both impoverished South American nations of less than one million share the Guyana Suriname Basin. The offshore basin is delivering an oil boom that is exceeding all expectations, making Guyana, based... Continue Reading →
Jan 3 (Reuters) - Venezuela is unlikely to see any meaningful boost to crude output for years even if U.S. oil majors do invest the billions of dollars in the country that President Donald Trump promised just hours following Nicolás Maduro's capture by U.S. forces. The South American country may have the world's largest estimated oil reserves,... Continue Reading →
Dec. 29 (oilnow.gy) Guyana’s total revenues from oil production have climbed to over US$8 billion since output began in December 2019, bolstered by rising production from offshore projects operated by ExxonMobil. Cumulative revenues from oil sales and royalties exceeded US$8.25 billion, according to Bank of Guyana reports, with the milestone reached in October when inflows from crude... Continue Reading →
Dec. 29 (oilnow.gy) ExxonMobil’s Yellowtail offshore oil project in Guyana averaged 258,000 barrels per day (b/d) in November, exceeding its 250,000 b/d design capacity, according to newly released government data. Total offshore output across the four producing developments in Guyana’s Stabroek Block averaged about 894,000 b/d in November, up from 841,000 b/d in October, the data... Continue Reading →
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