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Five Stabroek Block projects have industry-leading breakevens in range of US$25-35 per barrel Brent

OilNOW -
With 11 billion barrels of oil equivalent resources unlocked along with a license to drill an additional 35 wells by 2028, Guyana’s Stabroek Block certainly holds the key to Hess Corporation delivering more than 10 percent production growth annually....
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Guyana’s oil production could close 2023 over 500,000 bpd 

OilNOW -
Guyana’s Liza Phase Two Project is expected to see a 30,000 barrel-per-day increase by the year’s end. This was recently revealed by Hess Corporation’s Chief Operating Officer (COO), Greg Hill. The Hess official noted that the Liza Unity floating production,...
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A tale of two pipelines: US, Guyana projects forge ahead, despite environmental lobby

OilNOW -
The Mountain Valley pipeline project is one of many marred by delays due to regulatory and legal battles with environmentalists. But now, the project is a go, after a U.S. Supreme Court granted lifts on stays that halted its...
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SBM Offshore Guyana Announces Scholarship Program for Indigenous Women

OilNOW -
SBM Offshore Guyana has taken a significant step towards fostering education with the launch of its Scholarship Programme for Indigenous Women in STEM. The program, unveiled on July 19 in the new oil producing South American country, aims to...
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It’s in Exxon’s interest to show increased resources but they have to analyse the data – Jagdeo

OilNOW -
More than a year has passed since ExxonMobil last updated its estimate of the proven Stabroek Block resources, raising the bar to an impressive 11 billion oil-equivalent barrels. In the time since, there have been several significant commercial discoveries...
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Uaru SURF contract among Saipem’s biggest for Q2 as revenues soar to €5.3 billion

OilNOW -
Oilfield giant, Saipem recorded €5.3 billion in revenues for the second quarter of 2023, bolstered by several mega contracts including one for ExxonMobil Guyana’s massive Uaru development. That figure is up from €4.2 billion in the same period last...
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Repsol rewards shareholders with €2.4 billion amidst strong earnings in H1 2023

OilNOW -
Repsol, the Madrid-based energy titan, delivered a solid performance for the first half of 2023, posting net income of €1.42 billion, despite a global downturn in energy prices and demand. The company's robust earnings were fueled by increased production,...
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Shipyard building Guyana FPSOs records highest profit in 55-year history

OilNOW -
Singapore’s Keppel Corporation Limited (Keppel) reported a net profit of over S$3.6 billion for the half year ended 30 June 2023, the highest profit on record in the Company’s 55-year history. 1H23’s net profit was significantly higher than the...
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Major Trinidad upstream gas supplier shuts in production due to technical issue – Ministry

OilNOW -
In a blow to Trinidad and Tobago's energy sector, one of the major upstream natural gas suppliers has had to cease production due to an unexpected technical issue. The Ministry of Energy and Energy Industries of Trinidad and Tobago...
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ExxonMobil snags US$7.9B in profits for 2023 second quarter

OilNOW -
American multinational, ExxonMobil Corporation, announced Friday that it made US$7.9 billion or US$1.94 per share during the 2023 second quarter. This represents a US$3.7 billion decline in profits compared to its US$11.6 billion earnings for the first quarter. When compared...
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ExplorationShikema Dey -

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

Staatsolie launched its new Open-Door Offering this morning, creating new opportunities for exploration and production companies to enter the...

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