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Suriname’s GranMorgu offshore oil development moved deeper into execution in the first half of 2026, with progress recorded across financing, subsea equipment, floating production storage and offloading vessel (FPSO) construction, and workforce preparation. The TotalEnergies-led project in Block 58 is...

ExxonMobil Guyana says its 2025 profit exceeded Guyana’s oil earnings because the company’s financial statements are prepared under international accounting rules, while the government’s oil take is determined under a separate cash-based cost recovery and profit-sharing system in the...

Dr. Carla Crawford was not trained for oil and gas. “I still practice as a physician,” she said. But the skills she learned from running a medical practice helped her understand business, people, and the patience needed to build...

ExxonMobil Guyana Limited’s proposed Haimara project could require 24 to 60 wells, placing the gas-focused development in the middle of the Stabroek Block lineup by drilling scope. The figure, shown in a comparison of ExxonMobil Guyana’s offshore projects revealed during...

SLB Chief Executive Olivier Le Peuch says Venezuela’s oil sector recovery hinges on digital technology, artificial intelligence and workforce development. He made the remarks as the company deepened its long-running partnership with state oil firm Petróleos de Venezuela, S.A. (PDVSA)...

QatarEnergy’s latest oil find offshore Namibia has added fresh weight to the Orange Basin’s growing status as one of the world’s most closely watched frontier oil provinces. The company announced that the Merlin-1X exploration well in Petroleum Exploration License 39...

SLB’s OneSubsea joint venture has secured a contract from bp to supply a subsea boosting system for the Thunder Horse development in the deepwater Gulf of America.  According to a release issued June 8, the award covers engineering, procurement, and...

Venezuela has advanced five agreements with Shell to develop the 7-trillion-cubic-foot Loran gas field.  The agreements, signed on June 11, formalize Shell’s participation in Loran, a cross-border reservoir shared with Trinidad and Tobago, while also covering oilfield production expansion and...

The ExxonMobil-led consortium in Guyana's Stabroek Block has recovered more than US$51 billion of the over US$55 billion in expenses they incurred to explore and develop the area.  John Colling, ExxonMobil Guyana's Vice President and Business Services Manager, said approximately...

TotalEnergies plans to carry out geophysical and geotechnical surveys at four planned exploration and appraisal well locations in Block 58 offshore Suriname. The surveys will be conducted at the Profosu, Fremosoe, Marbonsoe, and Sagoewenki locations. They will be done through...