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Brazil’s Supreme Court maintains Petrobras E&P divestment rules

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(S&P Global) Brazil's Supreme Court maintained 2018 regulations that allowed state-led oil company Petrobras to sell exploration and production assets, in a majority decision handed down Oct. 2. This decision gave the company its second consecutive court victory in support...
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Broadside, Chinook are wells to watch – T&T Energy Chamber

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The Energy Chamber of Trinidad and Tobago says two ongoing projects in the Caribbean oil producing nation are wells to watch in 2020 – BHP’s Broadside and Touchstone Exploration’s Chinook – both offshore Trinidad. In a recent article, the Chamber...
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Guyana’s 8 billion plus barrels of oil only tip of the iceberg – Ramnarine

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The more than 8 billion barrels of oil equivalent resources discovered offshore Guyana since 2015 by US oil major ExxonMobil is merely the tip of the iceberg, with much more to come. Multiple drill targets remain on the 6.6...
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Payara investment is twice Guyana’s GDP, country must profit from closing window of O&G opportunities – VP Jagdeo

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Guyana’s Vice President, Dr. Bharrat Jagdeo, said on Friday the country is not in a position to raise the US$9 billion on its own that is required for the Payara development hence the need for investors, and further, moving...
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TechnipFMC set to deliver massive subsea production system for Payara development

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Global oil and gas company, TechnipFMC, has been awarded a contract by ExxonMobil affiliate Esso Exploration and Production Guyana Limited, for delivery of the subsea system for the Payara development project. Payara, ExxonMobil’s 3rd development at the Stabroek Block, was...
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Payara approval will trigger massive demand for goods, services in Guyana – GOGEC

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The sanctioning of ExxonMobil’s third development at the Stabroek Block offshore Guyana on Wednesday has already triggered a flurry of activities by contractors who will be now be looking to move ahead with various aspects of the project, set...
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US$9 billion Payara Development is largest investment in Guyana’s history

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The US$9 billion Payara Development targeting an estimated resource base of around 600 million oil-equivalent barrels is the largest investment in Guyana’s history, and combined with Liza 1 and 2, will push the country’s production to more than half...
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Guyana approves ExxonMobil’s 220,000 bpd Payara Development, company moves to FID

OilNOW -
The Guyana Government on Wednesday announced the approval of the 220,000 bpd Payara Development - ExxonMobil’s third project offshore the South American country, paving the way for the company’s Final Investment Decision (FID). The $9 billion development, targeted for start-up...
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Shell to cut up to 9,000 jobs in low-carbon transition

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(Reuters) - Royal Dutch Shell announced on Wednesday plans to cut up to 9,000 jobs, or over 10% of its workforce, as part of a major overhaul to shift the oil and gas giant to low-carbon energy. Shell, which had...
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Local content requirements must be flexible, realistic – Angele Ramsaransing-Karg

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Countries which lack the necessary skills and experience in the oil and gas industry run the risk of slowing down development of their petroleum resources if local content requirements are not realistic and lack flexibility. So says Angele Ramsaransing-Karg, Manager...
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Letter-to-the-Editor: I commend the Labour Ministry’s independent assessment of FPSOs

Dear Editor, I am pleased to acknowledge the strides made by local authorities in taking the lead in managing Guyana’s...

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