TotalEnergies, Petronas, and QatarEnergy set their cap on hydrocarbon exploration off Guyana

Nov. 25 (offshore-energy.biz) Three energy giants – France’s TotalEnergies, Qatar’s state-owned QatarEnergy, and Malaysia’s Petronas – are joining forces to explore the hydrocarbon potential of an offshore block in Guyanese waters. To this end, QatarEnergy has confirmed the signing of a production sharing agreement (PSA) for shallow-water Block S4 offshore Guyana, following the award of the block through... Continue Reading →

November 25, 2025 0

Guyana’s four FPSOs set a new pace for deep-water oil development

Nov. 24 (oilnow.gy) The four floating production, storage and offloading vessels operating in the Stabroek Block have become the backbone of Guyana’s offshore industry, each larger and more advanced than the last. Together, Liza Destiny, Liza Unity, Prosperity and ONE GUYANA have pushed national output beyond 900,000 barrels per day, demonstrating how quickly ExxonMobil has... Continue Reading →

November 24, 2025 0

Suriname puts 60% of offshore basin on offer in new Staatsolie open-door programme

Nov. 24 (oilnow.gy) Staatsolie launched its new Open-Door Offering this morning, creating new opportunities for exploration and production companies to enter the Suriname-Guyana Basin. The initiative was formally announced by Managing Director Annand Jagesar, who stated, “This initiative opens new opportunities for exploration and production companies and aims to maintain a high level of exploration activities offshore... Continue Reading →

November 24, 2025 0

Lukoil trading arm, Litasco, shrinks fast under Western sanctions

Nov 21 (Reuters) - U.S. sanctions are dismantling what remains of Lukoil's Litasco, once Russia's biggest oil trader and a rival to top Swiss houses and oil majors, five sources told Reuters. The measures, which also target state-owned Rosneft, took effect on Friday as Washington seeks to choke off Moscow’s ability to fund its war in... Continue Reading →

November 21, 2025 0

MODEC’s Guyana contract drives 1,327% surge in orders for 2025

Nov. 20 (oilnow.gy) Japan-based floating production specialist MODEC Inc. has reported strong results for the first nine months of 2025, driven by a new contract with ExxonMobil Guyana Limited for the Hammerhead development in the Stabroek Block. The company said orders received totaled US$8.4 billion for the period ending September 30, up 1,327% from the... Continue Reading →

November 20, 2025 0

Exclusive: TotalEnergies, Chevron lead race to buy stake in Galp’s Mopane in Namibia, sources say

Nov 19 (Reuters) Oil majors TotalEnergies and Chevron are front-runners in the auction for a 40% operating stake in Galp's Mopane field in Namibia, four sources told Reuters. Mopane has estimated resources of at least 10 billion barrels, and Galp has said it would announce a winner by year-end. International oil companies have flocked to Namibia, which has no hydrocarbon... Continue Reading →

November 19, 2025 0

BW Energy Confirms Liquid Hydrocarbons in Namibia’s Kudu Block

Nov 19 (OE) BW Energy has completed drilling operations on the Kharas-1 appraisal well in the Kudu license area, offshore Namibia, confirming the presence of hydrocarbons. The well, drilled with Odfjell Drilling-managed Deepsea Mira rig, reached a total depth of 5,100 m and intersected multiple reservoir intervals. The well will now be plugged, and abandoned... Continue Reading →

November 19, 2025 0

Payara still leads ExxonMobil’s record-breaking ramp-up offshore Guyana

Nov. 18 (oilnow.gy) ExxonMobil’s Payara project continues to hold the record for the fastest production ramp-up among all oil developments in Guyana’s offshore Stabroek Block. Production from the Prosperity floating production, storage and offloading (FPSO) vessel began in November 2022 and hit 220,000 barrels per day (b/d) just two months later, three months ahead of schedule. That... Continue Reading →

November 18, 2025 0

MODEC Forms Dedicated Mooring Solutions Unit

Nov. 17 (OE) MODEC has outlined plans merge its wholly owned subsidiaries MODEC America and SOFEC from the start of 2026, bringing SOFEC fully into the group as a new Mooring Solutions Business Unit. SOFEC, known for its permanent mooring systems and fluid transfer technologies, will continue to supply SOFEC-branded mooring systems to clients across... Continue Reading →

November 17, 2025 0

Belga Marine and Global Maritime Announce Strategic Partnership to Strengthen Offshore Solutions in Brazil

Nov. 17 - Belga Marine and Global Maritime are proud to announce a strategic partnership aimed at advancing safety, innovation, and operational excellence in Brazil’s offshore energy market. This collaboration will deliver comprehensive solutions tailored to the needs of developers and operators, marine contractors and vessel owners across the region, offering a broad portfolio of... Continue Reading →