News

TotalEnergies announced on Nov. 20 that it has completed the sale of shares of TotalEnergies EP Canada Ltd. to Suncor. The sale comprises TotalEnergies’ participation in the Fort Hills oil sands asset in Alberta and associated midstream commitments. The consideration...

For the period January to September 2023, ExxonMobil produced over 102 million barrels of crude offshore Guyana. Two floating production, storage and offloading (FPSO) vessels operating in the Liza field hit the milestone together - Liza Destiny produced nearly...

Guyana’s Environmental Protection Agency (EPA), in a November 20 notice, announced that eight proposed solar farms, collectively expected to generate 33MWp, are exempt from the requirement of environmental impact assessments (EIA) in their environmental authorization processes. The farms will...

Subsea7 said it was awarded a sizeable contract by Shell for the decommissioning of subsea infrastructure in the Campos basin offshore Brazil, in a November 20 update.  Subsea7 awarded major contract amendment for Petrobras’ Mero 4 field development  | OilNOW Subsea7’s...

Chevron’s recent takeover of Hess has major implications for Guyana’s oil industry and its blossoming economy, according to Americas Market Intelligence (AMI) Director of Energy Practice, Arthur Deakin. For instance, Deakin foresees an uptick in the wells planned for...

CGX Energy Inc. and Frontera Energy Corporation, partners in a joint venture (JV) operating the Corentyne acreage offshore Guyana, have experienced notable declines in their stock values. CGX’s TSE stock (OYL.V) plunged 60% from CA$0.92 on November 9 to CA$0.37...

Chevron Corporation, now an indirect stakeholder at the Stabroek Block, recently informed the market that 10 to 12 wells are planned for this world-class concession next year. Given ExxonMobil’s past success with hitting back-to-back discoveries, Chevron’s Chief Executive Officer...

A high-level delegation from Petronas recently convened discussions with the Suriname government to detail plans for a potential project at its offshore block 52.  A report from Barbados NationNews said that Petronas executives disclosed intentions to undertake further exploration drilling...

DOF has secured substantial contracts in the maritime industry, with deals involving both Subsea7 and Maersk Supply Service. The company sealed a deal with Subsea7 for the time charter of the Skandi Acergy, a construction vessel boasting a 400-ton crane,...

ExxonMobil Corp.'s Chief Executive Officer, Darren Woods, addressed concerns surrounding the portrayal of Big Oil as "villains" in the climate change narrative, warning that restricting fossil fuel supplies would impede progress towards achieving net zero emissions and perpetuate poverty...