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Higher oil exports in H1 2023 owed to Liza Unity start-up

OilNOW -
Guyana reported a significant boost in its crude oil export earnings, reaching US$5.39 billion for the first half of 2023, marking a substantial increase of US$1.78 billion compared to the prior year.  The surge in earnings was driven by a...
News

Drilling begins next month in Brazil’s Equatorial Margin as Petrobras gets green light

OilNOW -
Brazil's state-controlled energy giant, Petroleo Brasileiro SA (Petrobras), has received a crucial permit from Brazil's top environmental agency, Ibama, to explore the potentially lucrative Potiguar basin in the country's northeast region. The development comes after months of negotiation and...
News

Guyana up for OAS-backed anti-corruption review 

OilNOW -
Guyana is set to undergo an anti-corruption review led by experts from Trinidad and Tobago, Suriname, and the Organisation of American States (OAS). Such a review would be critical for improving confidence in the government’s management of the quickly...
News

Leading energy players close joint venture to transform subsea industry

OilNOW -
Aker Solutions, SLB, and Subsea 7 have successfully concluded their proposed transaction to establish a transformative subsea joint venture, unveiling the new entity under the name "OneSubsea." In an official statement issued on Oct 2, the companies announced that...
News

TotalEnergies eyes additional Block 58 targets as tiebacks for Suriname project

OilNOW -
TotalEnergies has some marginal targets remaining on Block 58, which could be used as tiebacks to its first Suriname oil development. However, the company's Chief Executive Officer, Patrick Pouyanne, says exploring those is not a priority, as 14 wells...
News

TotalEnergies sells 40% stake in Angola’s Block 20 to Petronas

OilNOW -
TotalEnergies EP Angola Block 20 has finalised the sale of a stake in a valuable Angola block to PETRONAS ANGOLA E&P LTD (PAEPL), a company belonging to the PETRONAS group of companies.  Petronas has paid US$400 million for a 40%...
Exploration

Exxon targeting more crude at Bluefin-1

OilNOW -
ExxonMobil Guyana has commenced exploration drilling operations at the Bluefin-1 well site, situated within the Stabroek Block of Guyana's Exclusive Economic Zone, as announced by Guyana's Maritime Administration Department. This move comes as part of the company's vigorous exploration...
News

Bhagwandin stresses Guyana’s need to strengthen ties with allies amid escalating Venezuela controversy

OilNOW -
Amid escalating tensions with Venezuela over offshore oil blocks and territorial claims, Joel Bhagwandin, a researcher and financial analyst, has underscored the critical importance of Guyana deepening its relations with the United States (US) and other allies to safeguard...
News

ANP approves pre-salt exploratory blocks in Santos Basin for upcoming bid rounds

OilNOW -
The Board of Directors of Brazil's National Petroleum Agency (ANP) has given its approval to the geological and economic studies of three exploratory blocks situated in the pre-salt region of the Santos Basin. These blocks, known as Amazonita, Safira...
News

Guyana power generation, demand reaching record highs, stirring call for conservation

OilNOW -
In the wake of rapid economic growth, Guyana is witnessing its highest-ever electricity generation and demand. According to a September 29 notice from Guyana Power and Light Inc. (GPL), the Demerara-Berbice Interconnected System (Guyana’s central grid system) recorded a...
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Latest News

NewsKemol King -

Europe took all of Guyana’s Golden Arrowhead oil cargoes lifted in September

Europe received all four cargoes of Golden Arrowhead crude oil lifted from ExxonMobil’s Yellowtail project in September, according to...

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