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bp makes largest oil & gas discovery in 25 years

OilNOW -
bp announced a major oil and gas discovery at the Bumerangue prospect in deepwater offshore Brazil, its tenth discovery of 2025 and the company’s largest in 25 years. The company stated that the 1-BP-13-SPS exploration well was drilled in the...
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TotalEnergies sees upside for Suriname oil project as plateau could stretch to 240,000 b/d

OilNOW -
TotalEnergies’ upcoming project offshore Suriname may exceed its planned production plateau of 220,000 barrels of oil per day (b/d), with Chairman and CEO Patrick Pouyanné saying the development could potentially handle up to 240,000 b/d. The GranMorgu project, located in...
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Chevron’s quarterly profit drops 44% due to lower oil prices, Hess shares revalue

Kemol King -
Chevron Corp reported a 44% drop in second-quarter profit on Friday, hurt by lower crude prices, weaker affiliate income, and a US$215 million loss tied to the fair value of Hess shares, even as the oil major posted record...
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Blue Water secures key logistics contract for Noble’s Block 52 campaign in Suriname

OilNOW -
Blue Water Suriname has secured the Rig Agency and Logistics & Shore Base Support contract for Noble Corporation’s operations in Block 52. Block 52 spans 4,749 square kilometres and lies off the coast of Paramaribo. Noble Developer, a semisubmersible Mobile Offshore...
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‘Guyana is not sitting still’ — President outlines aggressive maritime reforms to support oil-led growth

OilNOW -
With Guyana’s economy rapidly expanding on the back of its oil and gas sector, President Irfaan Ali has issued a clear signal to investors and regional stakeholders that the South American nation is not waiting to modernize; it’s already...
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Energy Chamber Head urges Guyanese youths to embrace long-term opportunities in oil sector 

OilNOW -
President of the Guyana Oil and Gas Energy Chamber (GOGEC), Manniram Prashad, has called on Guyanese youth to embrace energy careers as long-term, meaningful pursuits rather than short-term employment opportunities. “We envision a future where young people see careers in...
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ExxonMobil to meet Guyana vendors about its contracting processes

OilNOW -
ExxonMobil Guyana Limited (EMGL) will host a virtual meeting with local vendors on August 19 to discuss its contracting activity and procurement procedures, according to a notice issued by the company. The feedback session, scheduled to run from 9:00 a.m....
News

Chevron secures prized stake in Guyana oil block with arbitration win against Exxon

OilNOW -
Chevron has won a high-stakes arbitration battle against ExxonMobil, clearing the way to finalize its US$53 billion acquisition of Hess Corporation and secure a 30% stake in Guyana’s Stabroek Block, a prized asset that has won global attention in...
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Analyst expects stricter local content rules, differences on how to manage oil revenues with new Suriname government

OilNOW -
Suriname’s new coalition government could face internal divisions over how to manage future oil revenues, an international analysis report predicted. This comes after the selection of Jennifer Geerlings-Simons as President, last July 6.  In a country risk report seen by...
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Hess gives back Suriname oil block at Guyana border

OilNOW -
U.S. oil company Hess has relinquished Block 59 offshore Suriname, a deepwater area located near the maritime border with Guyana, returning the acreage to Suriname’s Staatsolie, the state oil firm announced on Tuesday. “Hess fulfilled its minimum work obligations and...
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TT will lead ‘next chapter’ in energy age — PM Persad-Bissessar

Prime Minister Kamla Persad-Bissessar has pledged that Trinidad and Tobago will take a proactive role in shaping the future...

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