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Dec. 22 (oilprice.com) Since the discovery of vast oil reserves in Guyana around a decade ago, the South American country’s oil industry has grown significantly following investment from several international oil majors and the beginning of offshore production. As Guyana begins to see the revenue from its black gold, the government is reinvesting some of... Continue Reading →
Dec. 19 (oilnow.gy) Guyana’s Vice President Bharrat Jagdeo said on Thursday that the United States has assured Georgetown it will support and protect the country’s territorial integrity, including American assets operating in Guyanese waters, amid heightened tensions between Washington and Caracas. During a press conference in Georgetown, Jagdeo responded to questions about the possibility of... Continue Reading →
Dec. 19 (oilnow.gy) U.S. oilfield equipment maker NOV Inc. announced that it won a third-quarter contract from ExxonMobil Guyana to supply an actively heated flexible pipe system for the Hammerhead field development offshore Guyana. NOV said the scope of work includes the design, engineering, procurement, fabrication and testing of a complete flexible pipe system, expected... Continue Reading →
Dec. 18 (oilprice.com) Brazil, Guyana, and Argentina are set to be major drivers of non-OPEC oil supply growth in 2026, accounting for half of the expected 0.8 million barrels per day (b/d) increase in 2026 the U.S. Energy Information Administration has predicted. According to the energy watchdog, Brazil's growth will mainly be driven by new offshore... Continue Reading →
Dec. 18 (OE) SBM Offshore has signed a contract extension related to the lease and operation of floating production, storage and offloading (FPSO) units Mondo and Saxi Batuque with ExxonMobil’s Angolan subsidiary. The extension secures ownership and operations by SBM Offshore until 2032 for the FPSOs in Block 15 offshore Angola, operated by Esso Exploration... Continue Reading →
Dec. 17 (oilnow.gy) ExxonMobil anticipates starting its seismic survey offshore Trinidad and Tobago as early as February, the country’s Energy Ministry said on Tuesday. The U.S. oil major anticipates firing the first seismic shot for its ultra-deepwater TTUD-1 block within two months, after selecting a seismic acquisition contractor, according to a statement from the Ministry... Continue Reading →
Dec. 15 - Petrobras and Shell Brazil launched Carbon Countdown, the largest project ever undertaken to measure, in a standardized way and on a national scale, above- and below-ground carbon stocks in all terrestrial biomes of the country. The companies' mutual interest in the decarbonization process is complemented by the scientific expertise of Esalq/USP, the... Continue Reading →
Dec. 12 (offshore-energy.biz) TechnipFMC has delivered its 100th Subsea 2.0 tree to UK-headquartered energy giant Shell, the company that placed the first order for the subsea product platform. The subsea tree was manufactured, assembled, and tested at TechnipFMC’s dedicated facility for Subsea 2.0 in Nusajaya, Malaysia, and will be used on Shell’s project in the Gulf... Continue Reading →
Dec. 12 (OE) Offshore drilling contractor Valaris has secured a multi-year contract with Shell for its VALARIS DS-8 drillship, which will be put to work offshore Brazil. The contract is expected to start in the first quarter of 2027, with an estimated duration of approximately 800 days. The total contract value for the VALARIS DS-8,... Continue Reading →
Dec 10 (Reuters) - Trinidad and Tobago's government is waiting for a development plan from energy producer Shell to push forward the Aphrodite offshore gas project, documents seen by Reuters showed. Shell said in June that it had made a positive final investment decision on the discovery, which is expected to produce first gas in 2027 and have... Continue Reading →
Brazil Energy Insight 