Trinidad and Tobago's Ministry of Energy and Energy Industries has officially unveiled its 2023 Shallow Water Competitive Bid Round. Minister Stuart Young stated, "The Shallow-Water Competitive Bid Round 2023 demonstrates the government's ongoing commitment to the further exploration and...

By Dr. Lorraine Sobers - OilNOW Beginning in 2015, Guyana’s hydrocarbon finds have been fast and fabulous: 11 billion barrels and counting; production has been sizeable and surging: 400,000 barrels per day and growing; incremental GDP has been swift and...

Compact methane instrument enables low-cost, mass deployment of accurate and continuous methane monitoring for elimination of emissionsABU DHABI--(BUSINESS WIRE)--SLB’s End-to-end Emissions Solutions (SEES) business today introduced its next generation methane point instrument, a self-installed continuous methane monitoring system that...

Guyana reported a significant boost in its crude oil export earnings, reaching US$5.39 billion for the first half of 2023, marking a substantial increase of US$1.78 billion compared to the prior year.  The surge in earnings was driven by a...

Aker Solutions, SLB, and Subsea 7 have successfully concluded their proposed transaction to establish a transformative subsea joint venture, unveiling the new entity under the name "OneSubsea." In an official statement issued on Oct 2, the companies announced that...

New service will drive accelerated growth of safer and economic carbon storage projectsABU DHABI--(BUSINESS WIRE)--SLB (NYSE: SLB) today launched its carbon storage screening and ranking solution that increases confidence in site selection decisions based on scientific analysis of the...

ExxonMobil Guyana has commenced exploration drilling operations at the Bluefin-1 well site, situated within the Stabroek Block of Guyana's Exclusive Economic Zone, as announced by Guyana's Maritime Administration Department. This move comes as part of the company's vigorous exploration...

The Board of Directors of Brazil's National Petroleum Agency (ANP) has given its approval to the geological and economic studies of three exploratory blocks situated in the pre-salt region of the Santos Basin. These blocks, known as Amazonita, Safira...

TechnipFMC has announced that it has been awarded a substantial contract to provide flexible pipes to Petrobras for use in the pre-salt fields located offshore Brazil. In TechnipFMC's terms, a "significant" contract typically falls within the range of US$75...

The Trinidad and Tobago Manufacturers Association (TTMA) has announced a trade mission to Guyana from October 3 to 7, 2023. The mission, led by TTMA's President, Roger Roach, aims to fortify ties between the two Caribbean Community (CARICOM) nations...