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TechnipFMC (NYSE: FTI) (PARIS: FTI) has been awarded a substantial long-term charter and services contract by Petrobras (NYSE: PBR) for the pipelay support vessel Coral do Atlântico. The Brazilian-registered vessel has been secured on a three-year contract, with an option to...

Nabors Industries Ltd. (NYSE: NBR), a leading provider of advanced technology for the global energy industry has announced its PACE®-R801 – the world’s first fully automated land drilling rig – has reached total depth on its first well, a...

As Brent oil price continues to rise, a researcher at consultancy group Wood Mackenzie says the upstream industry is set to generate a windfall and this presents a golden opportunity to reposition for a very different future. In previous upcycles...

Guyana’s massive Stabroek Block is a prime example of where cleaner crude reservoirs can be prioritized to generate less emissions while maximising returns to investors and the government. With around 10 billion barrels of oil equivalent discovered since 2015...

Data and analytics company GlobalData says India is likely to start operations of 118 midstream oil and gas projects from 2021 to 2025, accounting for 35% of the total upcoming midstream project starts in Asia by 2025. According to...

ExxonMobil’s most recent success offshore Guyana at the Cataback-1 well will help determine the volume of fluids and development potential in the area close to the Turbot/Tripletail discoveries. The Cataback-1 well encountered 243 feet (74 meters) of net pay in...

CEO of TotalEnergies, Patrick Pouyanne, said while a rapid development of Suriname oil resources would be desirable financially, how to "valorize" the associated gas remains a big question and with similar considerations offshore Guyana, a combined solution for commercializing...

(Reuters) - Oil prices surged again on Monday, extending multiweek gains as an energy crisis gripping major economies shows no sign of easing amid a pick-up in economic activity and restrained supplies from major producers. Brent crude was up $1.20...

With the arrival of Guyana’s second floating production storage and offloading vessel (FPSO) next month and start of oil production by early 2022, at peak 220,000 barrels of oil per day (bpd) will be added to the already producing...

(The Washington Post) The stench of gasoline burned through Verónica Barboza’s nose as she stood by the edge of Lake Maracaibo, one of the largest lakes in South America, on a recent afternoon. The soles of her shoes, she said,...