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Petrobras advances natural gas exploration in Colombia with Uchuva-2 well

OilNOW -
Petrobras has reached a key milestone with the Uchuva-2 well, confirming the natural gas discovery initially made in 2022 with Uchuva-1.  Located 31 km offshore Colombia at a water depth of 804 meters, Uchuva-2 was spudded on June 19 and...
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Petrobras, GA Drilling collaborate to cut costs, mitigate risks in deepwater operations

OilNOW -
GA Drilling, a Slovakia-based deep drilling technology provider, has initiated a technical cooperation program with Brazil’s Petrobras. Along with Petrobras' Cenpes research, development, and innovation center, the partnership aims to revamp the downhole drilling system, reducing well construction costs...
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Liza was Exxon’s ‘well from hell’

OilNOW -
Liza, the now well off the coast of Guyana, earned the nickname "well from hell" during its drilling phase, as recounted by former ExxonMobil geoscientist Scott Dyksterhuis. Convinced there was a significant oil reserve more than three miles beneath...
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Strohm secures largest pipe supply contract in its history from TotalEnergies for Brazil project

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Strohm has been awarded a contract by TotalEnergies EP Brasil to supply TCP Flowlines for an offshore field in the Santos Basin, part of the Brazilian pre-salt region. This contract, according to the company, is the largest commercial award...
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“I bet my whole career on Guyana” – former Hess Exec. Tim Chisholm 

OilNOW -
Tim Chisholm, a former executive at Hess Corp., made a bold career-defining bet on Guyana's oil potential. In 2014, Chisholm was instrumental in Hess taking a 30% stake in the Stabroek Block, a decision he passionately defended.  “I bet my...
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Subsea7 anticipates billion-dollar contract for Suriname Block 58 project

OilNOW -
Subsea7 is closely watching Suriname’s offshore oil sector, with hopes of winning a massive subsea contract to support TotalEnergies’ Block 58 project.  In a Q2 earnings presentation, Subsea7 listed the Suriname project among a selection of Invitations to Tender (ITT)...
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Tender out for 15 MWp solar system at Linden

OilNOW -
Guyana Power and Light Inc. (GPL), the main State electricity provider, has invited bids for a solar system at the town of Linden.  The contract is for engineering, procurement and construction of three utility scale ground mounted solar photovoltaic plants...
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Guyana, Suriname key players in global oil and gas development 

OilNOW -
Guyana and Suriname are becoming pivotal areas for oil and gas development, with the potential to significantly influence global energy dynamics, according to Patrick Jelinek, EY Americas Oil and Gas Leader. Jelinek notes that Guyana's nascent energy sector offers both...
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Proposals under review for deepwater port to boost global trade for Guyana, Brazil – Jagdeo

OilNOW -
Guyana Vice President Bharrat Jagdeo discussed plans for the development of a massive deepwater port in Berbice. The government is aiming for a port that could significantly improve trade logistics, reduce shipping costs, and integrate with northern Brazil’s trade...
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Guyana, Permian assets push Exxon Q2 earnings to 2nd highest in a decade

OilNOW -
ExxonMobil Corporation announced its second-quarter 2024 earnings, reporting US$9.24 billion in earnings for the quarter and US$17.5 billion year-to-date, compared to US$19.3 billion in the first half of 2023.  Earnings excluding identified items were US$17.5 billion, down from US$19.5 billion...
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Linden-Mabura road to soon link South America’s oil giants, boost trade and integration

Guyana’s Linden to Mabura Hill road project will be spotlighted at the Caribbean-Brazil Summit on June 13 in Brasilia....

OilNOW is a Resource Center founded and owned by Guyanese. OilNOW is an apolitical, non-partisan, privately owned agency that strives to ensure the highest degree of accuracy and balance.

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