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ExxonMobil seeking contractor for aerial imaging of gas pipeline in Guyana

ExxonMobil Guyana Limited (EMGL) has initiated a request for information (RFI) to procure services for capturing high-resolution aerial video and photographs of an onshore pipeline supporting the Gas-to-Energy (GtE) project.  EMGL said the Gas-to-Energy project aims to facilitate the transfer...

SBM Offshore-built FPSO goes into production at Brazil’s Mero field

State-owned Brazilian multinational corporation Petrobras announced on Sunday that oil production got underway at the Sepetiba platform, in the Mero field, Libra block, in the pre-salt of the Santos Basin. The company said this is Mero's third production system, with...

Guyana Oil & Gas: What to look forward to in 2024

The year 2024 is expected to welcome a massive expansion of operations in Guyana’s oil and gas industry. New blocks will be awarded, oil developments will advance, and the prospect of gas development will shift into focus.  Here is a...

Petrobras expands presence in Sao Tome & Principe offshore Africa 

Petrobras, the Brazilian state oil producer, has acquired significant stakes in three offshore blocks in Sao Tome & Principe through a deal with Shell, marking its re-entry into African exploration. Under this agreement, Petrobras secured a 45% interest in blocks...

Major oil and gas milestones in Guyana: A look back at 2023

While the exploration success carried less momentum, Guyana’s oil and gas sector hit several milestones in 2023. Let’s look back at a few of those in no particular order.  Starting with discoveries…  In January, Hess announced the Fangtooth SE-1 discovery, revealing...

Noble Corporation secures Petrobras contract for offshore drilling services in Colombia

Offshore drilling contractor Noble Corporation has inked a deal with Petrobras, clinching a contract for its semi-submersible rig, the Noble Discoverer, to render drilling services off the coast of Colombia. The contract guarantees a firm duration of 400 days, scheduled...

U.S. expected to approve US$660 million loan for Gas-to-Energy project in Guyana – Jagdeo

Guyana's Gas-to-Energy project is set to receive significant financial support from the United States, according to Vice President Bharrat Jagdeo. Jagdeo detailed the ongoing negotiations and assurances received from various US departments, highlighting the expected approval of a substantial...

Gas-to-Energy: GAICO completes materials offloading facility, forges ahead with pipeline work

GAICO Construction and General Services Inc. announced that it completed the materials offloading facility (MOF) for the Gas-to-Energy project and is currently undertaking the laying of 26 kilometers of onshore pipelines.  “As a local company we are excited about this...

Trinidad, Venezuela, Shell sign Dragon gas license 

President of PDVSA and Minister of Petroleum for Venezuela, Rafael Tellechea, said the company, as well as Shell and the National Gas Company of Trinidad and Tobago, signed a license for the development of the Dragon gas field, in...

TotalEnergies’ expansion bolsters Suriname’s offshore oil prospects

TotalEnergies' concerted efforts in expanding its portfolio in Suriname's offshore basin, notably with the recent signing of a production sharing contract for Block 64 alongside QatarEnergy and Petronas, hold significant promise for the country's offshore oil production landscape. Block 64,...

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Oil jumps past $109 as Trump signals escalation in Iran conflict

Oil prices climbed sharply on Thursday after Donald Trump signaled further military action against Iran, raising concerns about supply...