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July 30 (oilnow.gy) Saipem has identified its subsea contract for ExxonMobil Guyana’s Longtail development as one of its largest contract awards during the second quarter of 2026, according to the company’s first-half results released on July 27. The award was listed alongside other major offshore contracts secured by Saipem during the quarter, including projects in Angola and... Continue Reading →
July 30 (oilprice.com) In a surprise development, the tiny South American nation of Guyana recently emerged as a major oil exporter. In a mere four years, the former British colony of one million went from first discovery to first oil. Guyana has cemented its place among South America’s leading oil producers, pumping nearly one million barrels per... Continue Reading →
July 30 (Reuters) Shell's net profit more than doubled from last year to $9.84 billion in the second quarter, beating expectations, helped by higher energy prices and increased market volatility during the Middle East conflict. Higher oil and gas prices, stronger liquefied natural gas (LNG) and oil trading and improved chemicals margins helped support the... Continue Reading →
July 29 (oilnow.gy) Subsea installation activities have started for ExxonMobil Guyana’s Whiptail development in the Stabroek Block, ahead of the arrival and installation of the Jaguar floating production, storage and offloading (FPSO) vessel being constructed by SBM Offshore. ExxonMobil confirmed to OilNOW on July 28 that the ongoing offshore installation activities are related to the project’s subsea umbilicals,... Continue Reading →
July 27 (oilnow.gy) Guyana’s crude has earned a reputation for being light and sweet, making it attractive to refiners because it is easier and less expensive to process into products such as gasoline, diesel and jet fuel. Increasingly, however, another quality is helping distinguish the country’s barrels in global markets: their relatively low carbon intensity. As... Continue Reading →
July 27 (oilnow.gy) Global oil and gas majors are expanding their exploration portfolios, but most new agreements are focused on securing future opportunities rather than committing to immediate drilling activity, according to an analysis by Westwood Global Energy Group. The analysis, published on July 21, examined exploration agreements secured by the supermajor group, including bp,... Continue Reading →
July 23 (oilprice.com) TotalEnergies’ adjusted net income jumped by 68% from a year earlier to $6 billion for the second quarter of 2026 as the jump in oil prices and refining margins boosted earnings and cash flows. The French supermajor on Thursday reported an adjusted net income of $6 billion, which met analyst expectations and rose by... Continue Reading →
July 22 (oilprice.com) Since Middle East hostilities reignited, oil prices have soared higher, although they remain below the highs witnessed during April 2026. This can be blamed on U.S. strikes against Iran, with Tehran and Washington disrupting traffic in the Strait of Hormuz, through which a fifth of global hydrocarbon supplies are shipped. This has sparked greater demand for Brazil’s... Continue Reading →
July 21 (offshore-energy.biz) Canada-headquartered oil and natural gas exploration player Sintana Energy has shed light on the latest activities in Latin America, confirming the advancement of its offshore plans in Argentina and an extension for the Chevron-operated block off the coast of Uruguay. According to Sintana, the National Administration of Fuels, Alcohol and Portland Cement... Continue Reading →
July 21 (oinow.gy) Guyana is approaching oil production of one million barrels per day (b/d), less than seven years after the country produced its first commercial crude from the ExxonMobil-operated Stabroek Block. Production from four offshore projects averaged 903,000 b/d in April 2026, according to government data reviewed by OilNOW. The Uaru project, expected to begin... Continue Reading →
