Trinidad’s Touchstone Exploration said its average production for the first quarter of 2023 more than doubled compared to the same period last year.  In its announcement, Touchstone said it produced 2,139 oil-equivalent barrels per day (bpd), representing a 53% hike...

MODEC has signed a Sales and Purchase Agreement (SPA) with Equinor Brasil Energia Ltd, a subsidiary of Equinor ASA, to provide a fully electrified Floating Production, Storage and Offloading (FPSO) vessel for the Pao de Acucar, Seat & Gavea...

Guyana’s Environmental Protection Agency (EPA) has come out in defense of its decision to appeal a Supreme Court ruling related to the provision of financial assurance from ExxonMobil in the unlikely event of an oil spill due to Stabroek...

Phoenix Development and Havenbeheer Suriname have submitted a scoping report to Suriname’s National Institute for Environment and Development (NIMOS) seeking environmental authorisation for the planned liquid natural gas and mega port project - Firebird LNG.  In a May 8 announcement,...

Work to deliver Exxon’s fourth oil production project offshore Guyana is progressing rapidly at opposite ends of the globe. Construction of the massive ONE GUYANA FPSO is underway in Singapore and development drilling is in high gear at the...

Brazil’s Petrobras is ramping up production in its Campos Basin with the start-up of the Anna Nery vessel. Paired with the Anita Garibaldi floating production, storage, and offloading (FPSO) unit, the vessels are an integral part of Brazil’s major revitalisation...

Mitsui Ocean Development & Engineering Company Inc. (MODEC) said on Monday it will proceed with engineering, procurement, construction and installation (EPCI) of the Uaru Floating Production, Storage, and Offloading (FPSO) vessel following a final investment decision on the project by ExxonMobil Guyana...

Exxon's phenomenal success in the Stabroek Block can see the operator making a multi-billion-barrel addition to the already discovered 11 billion oil-equivalent barrels, once its exploration success keeps pace with what it has been, to date. Over the last...

Guyana’s Liza Destiny and Liza Unity floating production, storage and offloading (FPSO) vessels have allowed the country to earn a whopping US$2.2 billion in royalties and profit oil in a three-year period spanning from March 11, 2020 to March...

TotalEnergies EP Angola, in partnership with Agência Nacional de Petróleo, Gás e Biocombustíveis (ANPG) and Sonangol Pesquisa e Produção S.A, has signed a heads of agreement related to the future development of the Cameia and Golfinho fields, located on...