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Environmental concerns halt Petrobras’ plans for equatorial prospect in offshore Brazil

OilNOW -
Petrobras had plans to drill the Morpho 1-APS-57 prospect in block FZA-M-059 but this was stopped short when the environmental agency, the Institute of Environment and Renewable Natural Resources (IBAMA) denied the license after concerns were lodged.  Chief Executive Officer...
News

Van Oord’s Stingray barge mobilising for Gas-to-Energy project

Kemol King -
Guyana’s Maritime Administration Department (MARAD) issued a notice to mariners to navigate with extreme caution, as ExxonMobil moves to commence pipelaying activities.  MARAD has provisioned June 1 - November 1 as the period for these activities. It said the shallow...
News

Ali asked Lula to intervene on Petrobras’ decision not to bid in Guyana auction – Jagdeo

OilNOW -
Petrobras, Brazil’s state oil producer, has decided not to participate in the ongoing offshore licensing round in Guyana. Vice President of Guyana, Dr. Bharrat Jagdeo told reporters on Thursday he had a meeting with Petrobras officials in New York,...
News

Oil production begins at largest deepwater field in the world

OilNOW -
Petrobras said it started production with the Almirante Barroso floating production, storage and offloading (FPSO) platform on May 31, in the Búzios field, offshore Brazil. The start-up adds 150,000 bpd of oil output and 6 million cubic metres (m³) of...
Exploration

Equinor wildcat well fails to deliver pay

OilNOW -
Equinor Energy AS, operator of production licence 923, has concluded the drilling of wildcat well 31/2-23 S, the Norwegian Petroleum Directorate said on Thursday. The well was drilled about 3 kilometres west of the Troll field in the North Sea and about...
News

G-Boats’ newest tugs were named by Guyanese students

OilNOW -
Exxon is continuing to build support for its petroleum operations offshore Guyana, with the recent addition of two state-of-the-art tugs. These impressive vessels, named MV Kalina and A’Rinra, will play a crucial role in guiding oil tankers at the...
News

Guyanese-Italian JV wins contract to lay onshore aspect of Gas-to-Energy pipeline

Kemol King -
The final major contract for the development of the Gas-to-Energy project has been awarded, for the onshore pipeline. A joint venture of the Guyanese company, GAICO Construction and General Services Inc., and the Italian company, SICIM, secured this work...
News

EPA issues enforcement notice to Exxon as court deliberates on stay of execution

OilNOW -
Guyana’s Environmental Protection Agency (EPA) has served Stabroek Block operator, Esso Exploration and Production Guyana Limited (EEPGL) with a notice to provide an unlimited parent and/or affiliate company guarantee. This revelation was made on Wednesday by the EPA’s lawyer,...
News

Shell secures Stena Evolution for five years of US Gulf operations

OilNOW -
Stena Drilling said it has signed a new contract with Shell Offshore Inc. for the mobile offshore drilling unit (MODU) Stena Evolution.  The operations for Stena Evolution in the United States Gulf of Mexico are due to commence in Q2...
News

Guyana gov’t asks to join appeal case to oppose order for ‘unlimited’ guarantee

OilNOW -
Guyana’s Attorney General, Mohabir Anil Nandlall has applied to be a party to the court case concerning the provision of financial assurance for the ExxonMobil-operated Stabroek Block in the case of a spill. In this bid, Nandlall is warning...
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Guyana government sets firm January 2026 deadlines for local content approvals

The Ministry of Natural Resources has announced a new fixed timeline for reviewing and approving local content certification applications....

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