AI work identifies four new Guyana discovery opportunities for ExxonMobil

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 →

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Huisman to Deliver Equipment for Solstad-SBM Offshore Installation Vessel

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 →

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Mexico’s Pemex posts lower quarterly profit, reshapes supplier debt amid oil output struggles

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 →

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Petrobras confirms New Gas Discovery in Colombia

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 →

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TechnipFMC reports another strong Q2 2026 on US$2.5B in subsea orders

July 31 (oilnow.gy) TechnipFMC reported “strong” second-quarter 2026 results on July 30, driven by US$2.5 billion in subsea orders and higher project activity across its offshore business. The company recorded total revenue of US$2.76 billion during the quarter. Net income attributable to TechnipFMC reached US$362.7 million, while adjusted Earnings Before Interest, Taxes, Depreciation, and Amortization... Continue Reading →

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