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Hess strikes oil in deepwater Gulf of Mexico

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Hess Corporation (NYSE:HES), a 30 percent co-venturer in Guyana’s Stabroek Block, on Tuesday announced an oil discovery at the Esox-1 exploration well located in Mississippi Canyon Block No. 726 in the deepwater Gulf of Mexico. Esox-1 was drilled in 4,609 feet (1,405...
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Brazil leads globally in FPSO deployments

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Brazil continues to drive global floating production storage and offloading vessels (FPSOs) deployment with 21 planned and announced FPSOs during the period 2019 to 2025, according to GlobalData. Brazil is expected to deploy a total of 11 planned and ten...
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Brazil set to be major contributor to non-OPEC oil production in 2020s

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Brazil’s oil production has seemingly found its groove, with Rystad Energy expecting the country to be a sizable contributor to non-OPEC, non-US growth throughout the 2020s. Rystad Energy said seven new FPSO projects have come under the spotlight, beginning at...
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Siemens expects oil, gas revenues in Brazil to double in 2020 from 2018

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(Reuters) - Germany’s Siemens expects revenue from its oil and gas division in Brazil in 2020 to double compared to 2018 levels, an executive said on Thursday, citing upcoming oil auctions that could total around $26 billion. The company does...
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Petrobras boosts oil, gas output 16.5% in Q3

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Brazilian oil company Petrobras said Friday its third-quarter crude oil and natural gas output was 16.5% higher year on year, amid record-setting production from subsalt fields. State-led Petrobras, which has been was completing the installation of seven new floating production...
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SBM is successful bidder for five Brazilian FPSOs

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SBM Offshore said on Friday it is the successful bidder for the interests held by Brazil’s Servicos de Petroleo Constellation in five floating production, storage and offloading vessels. The company said completion of the transaction remains subject to various conditions...
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TT Energy Chamber set to host 2nd safety forum in Guyana

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The Energy Chamber of Trinidad and Tobago is getting ready to host the second Guyana Safety Forum set to take place on the outskirts of Georgetown on Wednesday, October 16 at the Arthur Chung Conference Centre. Under the theme “Building...
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US crude exports to double by 2022

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US crude exports could grow from current levels of 2.9 million barrels per day (bpd) to nearly 6 million bpd by 2022, according to a new forecast from Rystad Energy. With US production expected to increase by 1.2 million bpd...
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Mega oil discoveries in Guyana fueling hope across the region

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From the Dutch-speaking shores of Suriname to the island nations in the Caribbean Sea, mega oil discoveries in Guyana is fueling renewed hope for crude across the region. Norway-based Rystad Energy says the industry has high hopes after the prolific...
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Brazil’s latest licensing round sets new record

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Speaking after Brazil's Licensing Round 16 on Thursday, Juliana Miguez, from Wood Mackenzie’s Latin America upstream, said the round has set a record – the BRL 8.9 billion (US$2.2 billion) - in signature bonuses, the highest yet for a...
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BOMESC secures contract for Suriname’s first deepwater FPSO topside modules

BOMESC Offshore Engineering Company Limited has signed a contract with STS VOF to construct topside modules for Suriname’s first...

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