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ExxonMobil looking for suppliers for its fiber optic cable project

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ExxonMobil Guyana is looking for suppliers to provide onshore installation services for its high-speed fibre-optic/wireless transport project. The company said in a public notice it was seeking to identify suppliers who can provide ‘onshore underground fiber optic cable survey and...
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Brazil’s Petrobras targets oil output of 2.7 million b/d by 2025

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(S&P Global) Brazilian state-led oil company Petrobras plans to spend $55 billion over the next five years to develop subsalt fields that will boost the company's crude oil output nearly 20% to 2.7 million b/d by 2025, the company...
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BP plans to invest more in Middle East’s ‘world-leading’ oil fields

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(Bloomberg) BP Plc said it will invest more money in Middle Eastern oil and natural-gas fields even as it transitions to renewable energy and tries to lower emissions. The company is a major producer in countries such as Iraq, where...
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Bulk of oil supply next 20 years will come from ‘advantaged barrels’ – Guyana now has over 9 billion

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Whatever the pace of the energy transition, the world will still rely on oil and gas for much of its energy needs until well beyond 2040. UK-based global energy group Wood Mackenzie says exploration will be critical in meeting this future...
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Orinduik block partners reviewing multiple light, sweet targets for 2021 drill plans

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Eco (Atlantic) Oil and Gas Ltd announced Tuesday via its unaudited results for the six months ended September 30, 2020, that multiple light, sweet, oil drilling prospects are currently being reviewed for the next drilling programme at the Orinduik Block....
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South America’s new O&G deepwater players positioning for big opportunities

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The governments of Guyana and Suriname, the new oil and gas deepwater hotspots in South America, are focusing on strengthening bilateral relations and solidifying plans to create new opportunities. Guyana’s President, Dr. Irfaan Ali and his Surinamese counterpart, President...
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Staffing is now the focus for CGX deep water port facility in Guyana

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Grand Canal Industrial Estates Inc. (GCIE), a subsidiary of CGX Energy Inc., has begun seeking human resources personnel for its Berbice Deep Water Port facility, located in the new oil producing country of Guyana. In multiple advertisements in the local...
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Guyana and Suriname joining Brazil as South America’s hottest deepwater plays

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Offshore exploration and production activities in South America have long been dominated by Brazil with its vast offshore pre-salt developments. State oil company Petroleo Brasileiro SA (Petrobras) alone accounted for nearly 88% of the continent’s deepwater OPEX in the...
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Payara subsea award is the largest since 2014

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Payara, ExxonMobil’s 3rd development at the Stabroek Block offshore Guyana, has made way for the award of the largest subsea contract in the oil and gas industry since 2014. This comes in a year which one industry analyst describes as...
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Fabrication work to begin on giant Prosperity FPSO

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Fabrication work is set to begin on the giant Fast4Ward® MPF hull for ExxonMobil’s Payara Development offshore Guyana that will see the Prosperity FPSO pushing total oil production in the South American country to more than 500,000 bpd by...
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Nigeria’s Petroleum Commission confirms ExxonMobil’s US$1.5B investment in the country’s deepwater oil sector

The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has confirmed that ExxonMobil will invest $1.5 billion in Nigeria’s deepwater oil...

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