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Jan. 4 - The Transocean Deepwater Mykonos rig has been contracted by BP for a campaign estimated at 302 days. Operations are scheduled to begin in the third quarter of 2026, contributing approximately US$120 million to Transocean's backlog. This amount does not include any additional services or compensation related to the mobilization and demobilization of... Continue Reading →
Jan. 6 (oilnow.gy) Guyana is set to rank second among the world’s largest new oil field start-ups in 2026, with first production from the Uaru field expected to begin in July at nearly 136,000 barrels per day (b/d), according to S&P Global Energy CERA on January 5. “Eight of the world’s largest oil field developments... Continue Reading →
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 →
January 5, 2026 - PRIO S.A. (“Company” or “PRIO”) (B3: PRIO3), following best practices incorporate governance and transparency, informs its preliminary and non-audited Operational Data for the month of December. Key: (1) The figures refers to PRIO’s 80% stake in Peregrino, considering production throughout the month. As the closing of the acquisition of the additional... Continue Reading →
Jan. 6 (OE) Chinese multinational oilfield equipment and services provider Jereh Group has delivered slop treatment units and oil purifiers to CIMC Raffles for Petrobras’ P84 and P85 floating production storage and offloading (FPSO) units, bound for deployment at the Atapu and Sépia fields, off Brazil. The equipment will support slop water and oil separation... 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 →
Brazil Energy Insight 