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Aug. 3 (oilnow.gy) ExxonMobil is evaluating a ninth floating production, storage and offloading vessel for Guyana that could mirror the development concept being advanced for Longtail, Chairman and Chief Executive Officer Darren Woods said during the company’s second-quarter 2026 earnings call on July 31. Woods said the company sees an opportunity to use what it is... Continue Reading →
Aug. 2 (oilnow.gy) ExxonMobil has identified four additional potential discovery opportunities in Guyana after applying artificial intelligence to its Stabroek Block exploration data. Senior Vice President and Chief Financial Officer Neil Hansen disclosed the results during ExxonMobil’s second-quarter 2026 earnings call on July 31. The company trained artificial-intelligence models using information gathered from previous discoveries, drilling... Continue Reading →
Aug. 3 (oilprice.com) Middle East turmoil, centered on the U.S. war with Iran, is playing havoc with world energy markets. An ongoing dispute over access to the Strait of Hormuz, through which a fifth of world oil and natural gas supply is shipped, is causing prices to surge. This is a boon for South America's oil industry,... Continue Reading →
Aug. 3 - In June 2026, Brazil produced 5.842 million barrels of oil equivalent per day (boe/d) of oil and natural gas. The data was released today (August 3) by the ANP in the Monthly Oil and Natural Gas Production Bulletin. Regarding oil, 4.475 million barrels per day (bbl/d) were extracted, an increase of 4%... Continue Reading →
Aug. 3 (OE)Dominion Energy has updated the construction schedule for its 2.6 GW Coastal Virginia Offshore Wind (CVOW) project, with installation of the 176th and final wind turbine now expected by the end of 2027, while reporting the project was approximately 81% complete as of July 31. Construction has continued to advance across the project's... Continue Reading →
Aug. 3 (OE) Dutch lifting equipment specialist Huisman has secured a contract from CIMC Raffles Offshore to supply lifting and handling systems for a next-generation deepwater offshore installation vessel being built for a joint venture between Solstad Offshore and SBM Offshore. The contract covers an integrated equipment package comprising a 350-tonne A-frame, a 500-tonne knuckle... Continue Reading →
July 31 (Reuters) - Mexican state energy company Pemex reported on Friday that its second-quarter net profit fell 69.7% year-on-year to 18.02 billion pesos ($1.03 billion), according to a filing with the Mexican stock exchange, as it struggled to boost oil production. Revenue during the April-to-June period totaled 510.44 billion pesos, while earnings before interest,... Continue Reading →
Aug. 3 (OE) Saipem and Subsea7 have cleared a key U.S. regulatory hurdle for their planned merger after the waiting period under the Hart-Scott-Rodino (HSR) Antitrust Improvements Act of 1976 expired, allowing the transaction to close in the United States once all remaining conditions are met. The companies said all applicable waiting periods under the... Continue Reading →
August 3, 2026 – Petróleo Brasileiro S.A. - Petrobras informs a new gas discovery in the Sandia-1 exploratory well, located in Block GUA-OFF-O in deep waters offshore Colombia. The Sandia-1 well is located approximately 42 kilometers from the coast, at a water depth of 1251 meters and 18 kilometers from the Sirius-1 (discovery) and Sirius-2... Continue Reading →
July 31 (Reuters) - An ExxonMobil-led joint venture has recovered the billions of dollars it invested to develop a large oilfield in Guyana, its chief financial officer told Reuters, and the South American country will now receive more oil money. Guyana's Stabroek Block, estimated to hold at least 11 billion barrels of oil equivalent, has become... Continue Reading →
Brazil Energy Insight 