Featured

Touchstone Exploration announced its acquisition of Trinity Exploration and Production, a May 1 release from the Trinidad and Tobago Energy Chamber outlined. The agreement entails Touchstone acquiring all issued and to-be-issued ordinary share capital of Trinity in an all-share...

ExxonMobil Guyana President, Alistair Routledge said during an April 30 press conference that the company’s reserves estimate for the Stabroek Block has not changed much beyond the 11 billion barrels stated in 2022.  The company made 10 more discoveries after...

ExxonMobil’s scheduled shutdown of the Liza Destiny and Liza Unity floating production, storage and offloading (FPSO) vessels to facilitate the Gas-to-Energy project pipeline hookup will occur sometime in July-August.  Country President, Alistair Routledge disclosed same at an April 30 press...

ExxonMobil Guyana President, Alistair Routledge said the company is not financing Guyana’s Essequibo case at the International Court of Justice (ICJ).  He commented at an April 30 press conference when asked to respond to an accusation from Venezuela that the...

Petrobras' average production of oil, natural gas liquids (NGL) and natural gas in the first quarter of 2024 reached 2.7 million barrels of oil equivalent per day (boe/d), an increase of 3.7% compared to Q1 2023.  Petrobras said the increase...

QatarEnergy said it signed an agreement with China State Shipbuilding Corporation (CSSC) for construction of 18 ultra-modern QC-Max size liquefied natural gas (LNG) vessels, a major boost in its LNG fleet expansion program. The new vessels, with a capacity of...

ExxonMobil said in its 2024 first-quarter earnings report that excellence in project execution and operations was demonstrated when the Payara project safely reached its nameplate production target of 220,000 barrels per day (b/d) in January.  Dutch floater specialist, SBM Offshore,...

ExxonMobil Guyana announced plans to establish enabling agreements for the provision and operation of platform supply vessels (PSV) and fast supply vessels (FSV) in Guyana waters. The company’s Request for Information (RFI) indicates the vessels need to be delivered by...

China’s CNOOC reported a total net production of 180.1 million barrels of oil equivalent (boe) in the first quarter of 2024. It said the year-on-year (YoY) increase of 9.9% was driven by output in China, Canada and Guyana.  Its net...

ExxonMobil’s Chief Executive Officer (CEO) and Chairman of the Board, Darren Woods, hailed Guyana’s oil story as one that will be well remembered in the history of the oil and gas sector. “I believe Guyana will go down as...