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Petrobras begins production at largest FPSO in Brazil

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Petrobras began producing oil and natural gas on Monday from the FPSO Carioca the first definitive production system installed in the Sepia field, in the pre-salt of the Santos Basin. The Brazilian state oil company said this will be...
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“It’s incredibly rare for an industry to get a decades-long notice that its business is under threat” – Ellacott

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Oil and gas companies must use the current cash flow windfall opportunity to speed up decarbonisation of their businesses, global natural resources consultancy Wood Mackenzie said in a report released last Thursday. Stakeholders are demanding greater accountability for carbon emissions along the value...
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From Tina to Liza – the floater that made Guyana an oil producer

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The vessel that produced Guyana’s first barrel of oil on December 20, 2019, marking the start of a journey for the South American country that will see it becoming a major producer this decade, was converted from a ship...
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ExxonMobil extends selection of second drill target on Kaieteur block by 7 months

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Westmount Energy Limited said on Monday it noted the announcement by Ratio Petroleum Energy Limited over the weekend that the date for elective nomination of the second drill target on the Kaieteur block has been extended by seven months,...
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CGX Energy spuds Kawa-1 offshore Guyana

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Updated August 23, 2021 – 08:00 hrs The sixth-generation semi-submersible drilling rig Maersk Discoverer is currently in Guyana waters for a drill campaign at the Kawa-1 well site on the Corentyne block. The well site is situated approximately 90 nautical...
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Crude oil futures climb after several days of losses

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(S&P Global Platts) Crude oil futures were higher in mid-morning trade in Asia August 23 amid bargain hunting by investors after the rout in oil prices last week, with analysts noting the demand outlook remained optimistic as the West...
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First 6 FPSOs can develop up to half of all oil found so far at Stabroek Block – ExxonMobil

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Updated August 22, 2021 Around 50 percent of the 9 billion barrels of oil equivalent discovered so far at the prolific Stabroek Block offshore Guyana can be developed by 6 Floating Production Storage and Offloading (FPSO) vessels and an additional...
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Huge success for Guyana this year at largest oil conference in the world

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Guyana was well represented at this year’s Offshore Technology Conference (OTC) by a delegation comprising companies, government agencies and business groups that left their mark at the Houston, Texas event where interest in the new oil producing country was...
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South America’s new deepwater players serious about partnership and prosperity

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Following a four-day official visit to Guyana, President of Suriname, Chandrikapersad Santokhi is taking home news of new partnerships with Guyana after extensive meetings with President, Dr. Mohamed Irfaan Ali and the Guyanese government. The two countries have decided to...
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Sinochem submits lowest bid as 15 companies compete to market Liza Crude

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(S&P Global Platts) Guyana is expected to pick its new crude oil marketer from a list of 15 companies that submitted bids to the procurement authority of the South American nation, an official said on August 20. The Permanent Secretary...
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Jennifer Geerlings-Simons makes history as Suriname’s first female President amid offshore oil plans 

PARAMARIBO-SURINAME: Suriname’s National Assembly convened on Sunday to elect the country’s next president in an important parliamentary session. In...

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