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Brazil gov’t removes major obstacle for Petrobras exploration in Foz do Amazonas Basin

OilNOW -
The Brazilian government has potentially removed a significant obstacle, allowing Petrobras to explore an offshore region regarded as the nation's most promising area for oil drilling. The attorney general's office (AGU) has issued a statement asserting that the project does...
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Exxon RFI out for blowout-preventer testing equipment

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ExxonMobil Guyana is ramping up its commitment to drilling safety and efficiency in the Georgetown area. The company is actively seeking suppliers capable of providing state-of-the-art Blow Out Preventer (BOP) testing equipment.  A BOP is a crucial safety device used...
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APNU+AFC-led gov’t granted Exxon extension for three oil blocks, documents show

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The Guyana Government clarified on Tuesday that an extension for exploration on three blocks operated by ExxonMobil affiliate, Esso Exploration and Production Guyana Limited (EEPGL), was actually granted by its predecessor, and must therefore be honoured.  The government's statement follows...
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Subsea7 achieves groundbreaking remote ROV operation from Scotland to Brazil Coast

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In a remarkable feat of technological advancement, Subsea7 has successfully conducted a remote piloting operation for a work class Remotely Operated Vehicle (ROV) from Scotland, covering a staggering distance of 9,400 kilometers to the coast of Brazil.  Developed in-house by...
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Local opportunities soar as Baker Hughes Guyana seeks residential partner in oil boom

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In a move to bolster its presence in the burgeoning Guyanese energy sector, Baker Hughes, a prime contractor for ExxonMobil Guyana, is actively seeking locally owned, qualified, and registered companies to provide residential and apartment solutions in the South...
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Local trainee technicians shine in SBM Offshore’s advanced petroleum operations program

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In a significant milestone for the local workforce, twenty-four talented Guyanese have successfully completed the first phase of SBM Offshore Guyana's Trainee Technician Programme in Advanced Skills Training in Petroleum Operations.  The participants are now one step closer to obtaining...
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Sixth Stabroek Block project Whiptail to cost US$12.9 billion – EIA

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ExxonMobil Guyana’s next targeted development - Whiptail - is expected to cost US$12.933 billion (GY$2.690 trillion) according to the project's Environmental Impact Assessment (EIA). Exxon said it has not yet made a final investment decision (FID) on Whiptail and...
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Frontera says it already sunk US$400M into two Guyana wells, US$40M on CGX port facility

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Frontera Energy Corporation recently revealed to its investors that it has sunk approximately US$440 million into Guyana. During its 2023 second-quarter earnings update, executives told shareholders that US$400 million pertains to two wells in the Corentyne Block while the...
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Urgent overhaul needed: Trinidad & Tobago’s energy sector calls for swift decision-making

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Things cannot be business as usual in Trinidad and Tobago if the country wants its energy sector to mend, according to head of its Energy Chamber, Dr. Dax Driver.  In an August 21 column, Dr. Driver lamented that TT would...
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MODEC FPSO hits first oil in Brazil on one of the longest charter contracts in company’s history

OilNOW -
MODEC, Inc. announced a significant milestone in its ongoing partnership with Petróleo Brasileiro S.A. (Petrobras) as the FPSO Anita Garibaldi MV33 successfully achieved first oil production on August 16, 2023. The vessel, now operational at the Marlim field in...
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Dredging in Demerara Channel to continue through 2025

The Maritime Administration Department (MARAD) announced that dredging works will continue in the Demerara Main Ship Channel and off...

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