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TotalEnergies eyes additional Block 58 targets as tiebacks for Suriname project

OilNOW -
TotalEnergies has some marginal targets remaining on Block 58, which could be used as tiebacks to its first Suriname oil development. However, the company's Chief Executive Officer, Patrick Pouyanne, says exploring those is not a priority, as 14 wells...
News

TotalEnergies sells 40% stake in Angola’s Block 20 to Petronas

OilNOW -
TotalEnergies EP Angola Block 20 has finalised the sale of a stake in a valuable Angola block to PETRONAS ANGOLA E&P LTD (PAEPL), a company belonging to the PETRONAS group of companies.  Petronas has paid US$400 million for a 40%...
Exploration

Exxon targeting more crude at Bluefin-1

OilNOW -
ExxonMobil Guyana has commenced exploration drilling operations at the Bluefin-1 well site, situated within the Stabroek Block of Guyana's Exclusive Economic Zone, as announced by Guyana's Maritime Administration Department. This move comes as part of the company's vigorous exploration...
News

Bhagwandin stresses Guyana’s need to strengthen ties with allies amid escalating Venezuela controversy

OilNOW -
Amid escalating tensions with Venezuela over offshore oil blocks and territorial claims, Joel Bhagwandin, a researcher and financial analyst, has underscored the critical importance of Guyana deepening its relations with the United States (US) and other allies to safeguard...
News

ANP approves pre-salt exploratory blocks in Santos Basin for upcoming bid rounds

OilNOW -
The Board of Directors of Brazil's National Petroleum Agency (ANP) has given its approval to the geological and economic studies of three exploratory blocks situated in the pre-salt region of the Santos Basin. These blocks, known as Amazonita, Safira...
News

Guyana power generation, demand reaching record highs, stirring call for conservation

OilNOW -
In the wake of rapid economic growth, Guyana is witnessing its highest-ever electricity generation and demand. According to a September 29 notice from Guyana Power and Light Inc. (GPL), the Demerara-Berbice Interconnected System (Guyana’s central grid system) recorded a...
News

TechnipFMC secures “significant contract” to supply flexible pipes for Petrobras’ pre-salt fields

OilNOW -
TechnipFMC has announced that it has been awarded a substantial contract to provide flexible pipes to Petrobras for use in the pre-salt fields located offshore Brazil. In TechnipFMC's terms, a "significant" contract typically falls within the range of US$75...
News

TotalEnergies to pay part of APA’s CAPEX for Suriname project, in exchange for cost oil – CEO

Kemol King -
TotalEnergies has confirmed its commitment to the massive oil development project in Block 58 off the coast of Suriname, with Chief Executive Officer (CEO) Patrick Pouyanne announcing the company’s plans to shoulder a portion of APA's CAPEX for the...
News

Trini trade mission of 31 companies coming to Guyana in October

OilNOW -
The Trinidad and Tobago Manufacturers Association (TTMA) has announced a trade mission to Guyana from October 3 to 7, 2023. The mission, led by TTMA's President, Roger Roach, aims to fortify ties between the two Caribbean Community (CARICOM) nations...
News

Fifth withdrawal this year from Guyana’s oil fund takes total to US$650 million 

OilNOW -
Guyana has made its fifth withdrawal from the Natural Resource Fund (NRF) for 2023, the Ministry of Finance announced on Sept. 29.  According to the release, the government withdrew US$50 million (GY$10.4 billion) this month.  Back in August and September, amounts...
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Longtail project to mark beginning of Guyana’s new gas chapter – ExxonMobil’s Routledge

ExxonMobil Guyana President Alistair Routledge says the upcoming Longtail development will open a new chapter in Guyana’s energy journey,...

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