bp is set to take full control of the Calypso gas project offshore Trinidad and Tobago after agreeing to acquire Woodside Energy’s 70% interest in Block TTDAA 14. The deal, announced on August 6, will increase bp’s stake in the...

SBM Offshore’s Guyana portfolio featured prominently in a strong first-half performance that saw Directional revenue more than double to US$4.9 billion and Directional EBITDA climb 92% to US$1.31 billion. The Dutch floater specialist also raised its full-year 2026 revenue guidance...

ExxonMobil has tested oil and gas prospects while appraising an existing discovery in Guyana’s Stabroek Block since the start of 2026. OilNOW reports published between January and August show work at Barreleye-3, Goatfish-1, Goby-1, and Rockhead-1. The company has also...

Expanding domestic natural gas production, rather than requiring major suppliers to release part of their market share, is the most effective way to lower gas prices and strengthen competition in Brazil, according to Petrobras executive Sylvia Anjos.  Speaking during the...

What if the cost of powering your vehicle suddenly fell by half? That is the promise of Guyana's Gas-to-Energy (GtE) project. With electricity prices projected to fall by about 50%, making Guyana's transition to cleaner transportation could become more financially...

Saipem has completed the offshore installation of the production platform for the Neptun Deep gas development in Romania’s Black Sea sector.  In a public statement issued on July 23, the company explained that this marks the end of one of...

TotalEnergies and Eni have taken the final investment decision (FID) for the development of the Cronos gas field offshore Cyprus, with first production targeted for 2028. The partners each hold a 50% interest in Cyprus offshore Block 6. The Cronos...

Subsea installation activities have started for ExxonMobil Guyana’s Whiptail development in the Stabroek Block, ahead of the arrival and installation of the Jaguar floating production, storage and offloading (FPSO) vessel being constructed by SBM Offshore. ExxonMobil confirmed to OilNOW on...

Guyana and Suriname’s natural gas resources could support future energy exports as offshore development continues, according to Wood Mackenzie. In a video message posted on July 27, Adrian Lara, Principal Analyst for Upstream Latin America at Wood Mackenzie, said upstream...

All offshore oil projects are designed with its final day in mind. Long before a floating production, storage and offloading (FPSO) vessel begins producing oil, operators must plan how wells will be sealed, subsea infrastructure managed, and facilities safely...