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Exxon’s sole Guyana discovery for 2024 holds 500 million boe, says Rystad Energy

Shikema Dey -
ExxonMobil’s only discovery in the Stabroek Block in 2024 - Bluefin is estimated to hold some 500 million barrels of recoverable resources, according to Rystad Energy.  The Bluefin well encountered approximately 197 feet (60 meters) of hydrocarbon-bearing sandstone and was...
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Hess “very confident” merger will go through

OilNOW -
Hess Corporation is optimistic about its merger with Chevron, asserting confidence that the deal will overcome arbitration hurdles and close by the third quarter of 2025. The merger, valued for its strategic alignment, aims to create a leading oil...
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Shell discovery setback won’t derail Namibia’s oil ambitions – Energy Minister

OilNOW -
Namibia's Minister of Mines and Energy, Tom Alweendo, has downplayed the impact of Shell's announcement that discoveries in Petroleum Exploration License (PEL) 39 are not viable for commercial development.  Shell determined that the oil discoveries were not commercially viable, leading...
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SBM Offshore seeks local suppliers for coverall production

OilNOW -
Guyana Deep Water Operations Incorporated (GDO), the local affiliate of SBM Offshore, has issued a Request for Information (RFI) to identify Guyanese manufacturers capable of supplying construction-grade coveralls. The company aims to engage local suppliers to meet its operational needs...
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Yellowtail project is 95% completed – John Hess 

OilNOW -
Guyana’s fourth Stabroek Block development, Yellowtail, is approximately 95% complete, according to an update from Hess's Chief Executive Officer, John Hess, speaking at the recent Goldman Sachs conference.  The Yellowtail Development includes six drill centers and up to 67 wells,...
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SLB secures multi-region deepwater contracts from Shell

OilNOW -
Shell has awarded major drilling contracts to SLB, a global energy technology company. These contracts aim to support energy development across deepwater and ultra-deepwater assets in regions including the UK North Sea, Trinidad and Tobago, and the Gulf of...
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U.S. EXIM Bank President says US$526M loan to Guyana is ‘first of many deals to come’

Kemol King -
A US$526 million loan to Guyana for its Gas-to-Energy project is the first of many deals to come, an official from the United States Export-Import Bank (EXIM) said at an event on Friday.  “We can be, at US EXIM, a...
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Maduro takes oath for third term amid Opposition-led protests 

OilNOW -
With his wife standing faithfully at his side, Nicolás Maduro took the oath of office for his third term as Venezuela’s president.  Behind barricades, angry Venezuelans protested his increasingly repressive rule over the embattled South American nation.   Despite the global outcry...
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TotalEnergies’ Gran Morgu project will drive local participation in 45 sectors – Suriname GM 

OilNOW -
Suriname companies and workers in 45 sectors will have opportunities to participate in the development phase of the Gran Morgu project of Block 58, said TotalEnergies’ General Manager & Country Chair EP Suriname, Artur Nunes da Silva.  “45 sectors will...
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Hammerhead crude “heavier but still attractive” – Hess

OilNOW -
Despite its smaller scale and heavier crude, the Hammerhead field is still economically viable, according to John Hess, Chief  Executive Officer of Hess Corporation. Hess is ExxonMobil’s partner in Guyana’s prolific Stabroek Block.   The field is expected to produce 150,000...
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Ali names 25-member cabinet; Vickram Bharrat back at oil ministry

President Irfaan Ali of Guyana unveiled 25 ministerial Cabinet appointees on Saturday evening, as the government embarks on its...

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