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Sembcorp Marine’s Brazilian shipyard delivers its first FPSO

OilNOW -
Sembcorp Marine’s subsidiary Estaleiro Jurong Aracruz (EJA) has crossed a significant operational milestone with the completion of its first floating production, storage and offloading (FPSO) project. P-68, a newbuild FPSO vessel, left the shipyard on Monday and will be deployed...
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ExxonMobil-led consortium wins 3 Brazil deepwater blocks

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An international consortium led by Exxon Mobil Corporation XOM was the main bidder for three ultra-deepwater oil and natural gas units off the coast of Sergipe and Alagoas states during Brazil's first Open Acreage auction. The units are situated close to the...
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U.S. natural gas price will fall to levels not seen since 1970s – IHS Markit

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A persistent oversupply of natural gas will drive the 2020 average price at the Henry Hub down (in real terms) to a level not seen in decades, according to a new report from IHS Markit, a world leader in...
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7 play types, over 50 large prospects at Apache Suriname block

OilNOW -
In Suriname, where at least four non-commercial wells have been drilled in as many years by Kosmos Energy and Apache, the next 12 months nonetheless look busy. S&P Global Platts said in a recent report that despite setbacks at two...
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ExxonMobil adds three offshore blocks to Brazilian portfolio

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(Offshore Energy) As part of the first cycle of the permanent round, the country’s regulator, the National Agency of Petroleum, Natural Gas and Biofuels (ANP), auctioned 33 blocks in the Sergipe-Alagoas, Parnaíba, Potiguar and Recôncavo basins, and 12 areas...
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CDC looking to test oil spill response plan at upcoming Exercise Tradewinds

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Guyana is preparing to host Exercise Tradewinds in June 2020 and Director General of the Civil Defence Commission (CDC) Lieutenant Colonel Kester Craig wants the operation to feature an oil spill response component. Currently, the CDC is finalizing Guyana's first...
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Brazil senate approves transfer of rights oil settlement with Petrobras

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(Reuters) - Brazil’s Senate on Tuesday night approved an amended transfer of rights agreement settling a dispute over pre-salt oil fields between the government and oil company Petrobras that still needs to pass the lower house to clear way...
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PCJ confirms discovery of oldest live oil seep in Jamaica

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(Jamaica Observer) Tests carried out by two separate independent laboratories have confirmed that an oil seep identified in 2018 by the Petroleum Corporation of Jamaica (PCJ) is the island's third onshore live oil seep. PCJ said in a release yesterday...
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Future Venezuela events may have significant impact – Chevron

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(Bloomberg) - The last major U.S. oil producer in Venezuela is warning that developments in the crisis-torn South American nation could hurt its earnings. “Future events related to the company’s activities in Venezuela may result in significant impacts on the...
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Trump administration passes sweeping economic sanctions against Venezuela

OilNOW -
While the Trump administration defended its most recent round of sanctions against the government of Venezuela, President Nicolas Maduro’s foreign ministry denounced the order calling it "another serious aggression by the Trump administration through arbitrary economic terrorism against the Venezuelan...
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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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