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Sept. 22 (oilnow.gy) Production from Guyana’s Yellowtail development in the Stabroek Block is expected to ramp up further before year-end, with ExxonMobil studying an optimization that could lift output from the ONE GUYANA floating production, storage and offloading (FPSO) vessel to around 290,000 barrels per day (b/d). The move to increase Yellowtail’s production by about... Continue Reading →
Sept 21 (Reuters) - Halliburton has signed memorandums of understanding with Brazilian energy company Eneva and WESCA to pursue oil and gas development opportunities in Venezuela, the U.S. oilfield services provider said on Monday, as companies seek a potential revival of investment in the country's long-underdeveloped energy sector Companies with existing positions in Venezuela, as... Continue Reading →
Sept. 21 (oilnow.gy) Guyana’s first competitive offshore licensing round attracted global energy companies and tested stronger fiscal terms. However, the government will need to improve the speed, certainty, and data supporting the process before offering more blocks. The government has indicated an interest in another licensing round as it seeks to widen exploration beyond the... Continue Reading →
Sept 19 (Reuters) - French energy company TotalEnergies and its partners in the $12 billion GranMorgu offshore oil and gas project in Suriname are on track to inaugurate output in mid-2028, the head of state-run Staatsolie, Annand Jagesar, said on Saturday during a tour to oversee the development's progress. "Together, we are not only developing... Continue Reading →
Sept.18 (oilnow.gy) Indonesia’s state-owned energy company PT Pertamina is exploring upstream oil and gas investments in Guyana and Suriname to secure more reliable energy sources. Indonesia’s Ministry of Foreign Affairs confirmed that the company has started preliminary discussions on exploration and investment opportunities in the two South American countries. Indonesian state news agency ANTARA News... Continue Reading →
Sept. 17 - BRAVA ENERGIA S.A. ("Brava" or the "Company") (B3: BRAV3), pursuant to CVM Resolution No. 44 and further to the Material Fact disclosed on February 10, 2025, hereby informs its investors and the market in general of the termination of the transaction for the sale of 11 onshore oil and gas concessions located... Continue Reading →
Sept. 17 (offshore-energy.biz) French-based engineering player Technip Energies has been hired to work on a liquefied natural gas (LNG) export terminal in Guaymas, Sonora, on Mexico’s West Coast. Technip Energies has been selected by Amigo LNG, a Mexican joint venture between Texas-based Epcilon LNG and Singapore’s LNG Alliance, for an enhanced project management consultant (ePMC) role... Continue Reading →
Sept. 16 (oilprice.com) Argentina's controversial right-wing president, Javier Milei, slashed inflation with a brutal dose of economic austerity, but this came at a steep social cost. The cost of living is spiraling higher, fueling household debt, loan delinquencies, and economic hardship. Industrial output, since Milei took office, has declined sharply, with local companies closing at... Continue Reading →
Sept. 16 (PN) MDL has completed a SURF decommissioning campaign using its Wheeled Horizontal Lay System (WHLS) in deep waters off the coast of Brazil, in the Campos Basin. Carried out from a multi-purpose vessel, the project involved the recovery of flexible flowlines, umbilicals, and jumpers associated with a decommissioned FPSO. The client's name was... Continue Reading →
Sept. 16 (OE) Çan2 Termik's subsidiary Minerosol Group has signed a 20-year operating and production agreement with Venezuela's PDVSA for the CEMA (Petrokariña) oil field, with a planned investment budget of $381.7 million over the contract period. The agreement grants exclusive rights and includes the right to an additional 20-year extension subject to approval. The... Continue Reading →
