Calgary-based Touchstone Exploration Inc. has officially announced the commencement of production at its Cascadura natural gas and liquids facility in Trinidad. This announcement heralds a significant transition for Touchstone, pivoting the company's operations to be more natural gas-centric.
The Cascadura...
In July 2023, the Liza projects at Guyana's Stabroek Block continued to demonstrate reliable production. An analysis of data supplied by the Ministry of Natural Resources shows that the projects collectively averaged 387,620 barrels per day (bpd) in July,...
Brazilian company Petrobras has initiated production from the Anita Garibaldi floating production, storage and offloading (FPSO) vessel in the Campos Basin, offshore Brazil.
The FPSO is poised to operate concurrently in the post-salt and pre-salt regions of the Marlim and...
The Stabroek Block’s Liza projects delivered steady volumes at peak levels in June 2023, resulting in the highest daily volumes yet.
Liza Phase 1 delivered 154,790 barrels per day (bpd), totaling 4.3 million barrels over the full month. Liza Phase...
Based on current output across the region, Guyana is expected to become the second-largest oil producer in South America after Brazil, with its oil production projected to reach 1.2 million barrels per day (bpd) by 2027. When it reaches...
Development drilling operations remain in high gear at ExxonMobil’s latest project off the Guyana coast, set to come online later this year.
The Noble Bob Douglas will conduct activities which will conclude on August 31, according to a notice from...
ExxonMobil’s Liza projects produced 11.6 million barrels of crude in May, at 374,450 barrels per day (bpd). This was constituted by production of 4.8 million barrels at Liza Phase 1, and 4.8 million barrels at Phase 2.
May output also...
SBM Offshore has announced the successful signing of a project financing agreement for the FPSO Alexandre de Gusmão, totaling a significant amount of US$1.615 billion. The financing has been secured through a consortium of 12 international banks, with insurance...
Data analytics and information service, GlobalData, said ExxonMobil’s Liza Phase 2 project offshore Guyana had the second-highest oil and condensate production in South America in 2022. It expects the project to produce until 2043.
Below is a chart showing the...
In a world grappling with the urgent need to combat climate change, the western environmental lobby stands accused of putting some nations between a rock and a hard place. A divide seems to be emerging between anti-oil activists and...
