Since 2015, ExxonMobil has made over 35 discoveries at the prolific Stabroek Block offshore Guyana with the Tilapia-1 find encountering the largest high-quality oil-bearing sandstone reservoir – bigger than the world-class Liza-1 - which put the South American country...

The upcoming 3rd Suriname Energy, Oil & Gas Summit & Exhibition (SEOGS) scheduled for June 19 to 22, 2023 in Paramaribo, Suriname, is generating significant attention and participation from both regional and global players. Regional ministers from Trinidad and...

The Latin America and the Caribbean Petroleum Engineering Conference (LACPEC) is set to highlight the new exploration frontiers - Guyana and Suriname - showcasing the region's advancements in the energy industry. The conference, renowned as the premier technical event...

TotalEnergies and Shell Corp. have recently made some big oil strikes in Africa and ExxonMobil also has its eyes set on ramping things up on the continent. This is according to its Exploration Chief John Ardill in a recent...

In an environmental and cost-saving leap forward, Hess Corporation has announced that it successfully electrified its four drilling rigs in Bakken, North Dakota, replacing the traditionally used diesel fuel with electricity. The shift is projected to cut down greenhouse...

Suriname’s Staatsolie has announced the successful closure of its 2022-2023 Demerara Bid Round, where six blocks were up for grabs.  According to Staatsolie, it received qualified bids for three of the blocks offered from several companies and/or consortia.  “We thank all...

A consortium led by Petrobras has successfully signed the production sharing contract (PSC) for the Agua Marinha exploration block in the ultra-deepwater Campos basin, located offshore Brazil. This block was awarded during Brazil's first cycle of open acreage under...

Authorities in Africa, India, and the United Arab Emirates (UAE) are stepping up to help Guyana strengthen its oil sector capabilities, said Vice President Dr. Bharrat Jagdeo during a press engagement on Thursday in Georgetown. The chief policymaker for the...

ExxonMobil Low Carbon Solutions recently announced a carbon capture and storage agreement with Nucor Corporation, one of North America's largest steel producers. Under this new agreement, ExxonMobil will undertake the capture, transport, and storage of up to 800,000 metric...

Petrobras said it started production with the Almirante Barroso floating production, storage and offloading (FPSO) platform on May 31, in the Búzios field, offshore Brazil. The start-up adds 150,000 bpd of oil output and 6 million cubic metres (m³) of...