Petrobras has struck oil in a well located in Brazil’s Potiguar Basin, during a campaign it embarked on in earnest to repeat exploration successes off the coasts of Guyana and Suriname. Announcing the find in an April 9 release,...
Heritage Petroleum Company Limited has unveiled its latest offshore oil well, S-938.
Situated within the Soldado East Field, the said S-938 well is poised to make a substantial contribution to the company’s revenue with an expected average daily rate of...
Guyana's President, Dr. Irfaan Ali is rebuffing unfounded statements from the Venezuela government about Guyana’s oil sector, the government’s relationship with ExxonMobil and purported actions by the United States Southern Command. Â
Venezuela has said that Guyana is controlled by...
The Executive Chairman of the African Energy Chamber, NJ Ayuk, highlighted the significant potential of the Orange Basin, suggesting it could hold up to three billion barrels of oil and 5.5 trillion cubic feet of natural gas. However, Ayuk...
BP is expected to close a deal to sell some Trinidad and Tobago upstream assets to Perenco, Reuters learned from people familiar with the talks.
The divestment of the Amherstia, Cashima and Immortelle fields would reduce BP’s Trinidad gas output...
Marine seismic data company PGS has been awarded a contract for a large 3D project offshore the South Atlantic margin by a multiclient company.
The contract falls within PGS' criteria for announcing contract awards of over US$10 million, but its...
Venezuela has made a submission to the International Court of Justice (ICJ) in its border case with Guyana. The submission is its counter-memorial on the merits of the case concerning the Arbitral Award of 3 October 1899 (Guyana v....
Guyana remains steadfast in its vigilance as Venezuela persists in its aggressive stance, asserting claims to two-thirds of Guyanese territory, particularly the Essequibo region, following a recent referendum. Bharrat Jagdeo, Vice President, reiterated this commitment during a press conference...
Blue Water said it has successfully secured a substantial logistics contract with Yinson Production (YP), an independent owner and operator of floating production, storage and offloading vessels (FPSO) worldwide. Blue Water's Floating Productions Systems (FPS) project team will oversee...
Shell has released projections for its first-quarter 2024, indicating an expected adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA) of US$1.9 billion. The figures, however, are subject to change pending finalization and are set to be officially disclosed...
