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Exploration

Scale of resources, production potential at Suriname’s Block 58 “bigger than big” says APA official

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All eyes are on Suriname’s Block 58 where four of the country’s five offshore discoveries have been made to date and the scale of the resource volume and production potential is said to be “bigger than big” according to...
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EPA explains public engagement process as meetings for Yellowtail Development continue

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The Environmental Protection Agency (EPA) is emphasising the importance of public participation in the ongoing scoping meetings for ExxonMobil’s Yellowtail Development Project. The Agency said the consultations provide an opportunity for questions and concerns from members of the public...
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Oil prices rise to highest in over a year

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(Reuters) Oil prices surged on Wednesday, hitting their highest in more than a year from a decision by OPEC and allies to stick to the plan to gradually restore supply, along with the slow pace of nuclear talks between...
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Exxon donates GY$10 million towards flood relief efforts in Guyana

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President of ExxonMobil Guyana, Alistair Routledge on Wednesday handed over a cheque for GY$10 million (US$50,000) to the Civil Defence Commission (CDC) to support flood relief efforts across the country. CDC’s Director General Lieutenant Colonel Kester Craig received the cheque...
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Struggling Venezuela opened door to new South American oil province

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Political instability and economic turmoil in Venezuela have caused its economy and oil industry to collapse. The country’s highest-ever oil production occurred in 1998 at 3.5 million barrels per day (bpd), the same year that Hugo Chávez was elected...
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Suriname President confirms FID targeted for 2022, first oil by 2025

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President of Suriname, Chandrikapersad Santokhi confirmed on Tuesday that Total and partner Apache will move forward with their final investment decision at Block 58 next year and move towards first oil by 2025. This will make the offshore development...
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Suriname oil summit opens with focus on major offshore potential

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Suriname Energy Oil & Gas Summit 2021 virtual edition got underway on Tuesday with the South American country’s massive deepwater potential taking centre-stage in a series of presentations and discussions. The keynote address was delivered by President Chandrikapersad Santokhi, who...
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Last major U.S. oil company in Venezuela gets license renewal from Biden administration

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(Reuters) Chevron Corporation, the last major U.S. oil company still operating in Venezuela, received a new U.S. government license allowing it to remain in Venezuela until Dec. 1, the Treasury Department said on Tuesday. The United States beginning in 2019...
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Repsol sells exploration and production assets in Malaysia, Vietnam

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Repsol has agreed to sell its E&P assets in Malaysia and in Block 46 CN in Vietnam to a fully owned subsidiary of Hibiscus Petroleum, a publicly-traded company based in Kuala Lumpur. The sale of the company’s upstream assets in...
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Exxon pulls out of deepwater oil prospect in Ghana

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(Bloomberg) -- Exxon Mobil Corp. is pulling out of a deep-water oil prospect in Ghana just two years after the west African nation ratified an exploration and production agreement with the U.S. oil titan. The company relinquished the entirety of...
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TechnipFMC reports strong Q3 2025 results driven by subsea growth

TechnipFMC has delivered another solid quarter, reporting total revenue of US$2.65 billion for the third quarter of 2025. Net...

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