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Oil production begins at ExxonMobil’s fourth mega-project offshore Guyana

Shikema Dey -
Oil production has started at ExxonMobil's Yellowtail Development offshore Guyana, making it the fourth mega-project to startup in just five years offshore the South American country. This is according to announcements from the Government of Guyana and ExxonMobil on...
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SBM Offshore fleet grows to 17 FPSOs, reaching 2.7 million barrels per day capacity

OilNOW -
SBM Offshore has expanded its fleet to 17 floating production, storage and offloading (FPSO) units, achieving a total production capacity of 2.7 million barrels per day. This was confirmed in the company’s 2025 half year report released this week. The...
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SBM Offshore turnkey revenue doubles on progress of Jaguar and GranMorgu FPSOs 

Shikema Dey -
SBM Offshore's Turnkey revenue doubled in the first half of 2025 to US$1.32 billion, up from US$662 million in the same period last year. According to its half-year report, this was driven by construction progress on the Jaguar and...
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Guyana hosts Noble’s largest floater presence – Fleet Status Report 

OilNOW -
Guyana has emerged as the most active location for Noble Corporation’s floater rigs, with four high-specification drillships operating exclusively in the ExxonMobil-operated Stabroek Block.  According to Noble’s latest fleet status report, the Sam Croft, Bob Douglas, Tom Madden, and Don...
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Noble Valiant secured as second drillship for TotalEnergies’ 2026 Suriname campaign 

OilNOW -
The Noble Valiant has been added as the second drillship for TotalEnergies' offshore Suriname campaign, the company announced in its latest fleet status report. The vessel will support development drilling in Block 58, where the French major and APA...
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Noble targets more Guyanese for offshore careers with 2026 Cadet Scholarship launch

OilNOW -
Noble Corporation has officially launched the 2026 cycle of its Cadet Scholarship Program, expanding its efforts to train more young Guyanese for maritime careers. “This is actually the third cohort that we’re launching,” Renatha Khan, Noble’s Local Content Manager, said....
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Interest earned by Guyana oil fund in just three months could build an entire state-of-the-art hospital

OilNOW -
Guyana earned US$34.8 million (GY$7.3 billion) in interest from its oil fund in the second quarter of 2025, more than enough to pay for the construction of a new hospital, based on the Bank of Guyana’s latest report on...
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Guyana-Suriname Basin offers ‘advantaged barrels’ for the future, says S&P Global Executive

OilNOW -
The Guyana-Suriname Basin stands out as a rare asset in today’s competitive energy landscape, offering what the industry refers to as “advantaged barrels”, according to Ricardo Bedregal, Executive Director for Upstream LATAM at S&P Global Commodity Insights. Speaking on the...
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Stena Drilling hits milestone with 50 managed pressure wells and 10 rig years of operation

OilNOW -
Stena Drilling announced it has drilled 50 Managed Pressure Drilling (MPD) wells and logged just under 4,000 MPD well days. In a recent post on LinkedIn, Stena said the figure represents over 10 rig years of MPD operations using Surface...
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bp makes largest oil & gas discovery in 25 years

OilNOW -
bp announced a major oil and gas discovery at the Bumerangue prospect in deepwater offshore Brazil, its tenth discovery of 2025 and the company’s largest in 25 years. The company stated that the 1-BP-13-SPS exploration well was drilled in the...
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Staatsolie’s 2024 Sustainability Report outlines low-carbon growth and offshore ambitions

PARAMARIBO, SURINAME - Staatsolie’s 2024 Sustainability Report showcases a year of major progress in responsible energy development, anchored by...

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