ENVEXX 2026 – Programme Released

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Event

ENVEXX 2026 | International Energy Deal Making Conference Strategic Market Intelligence. Regional Focus. Direct Commercial Engagement. ENVEXX 2026 presents a comprehensive two-day programme designed to connect National Oil Companies (NOCs), prospectors, investors and senior decision-makers through structured keynote sessions and dedicated opportunity forums. Taking place on 24–25 March 2026 in London, this truly international event, with key speakers from NOCs and prospectors, that will offer a commercially focused environment where global market context and active project promotion sit side by side — This proven format will ensure delegates gain both strategic perspective, direct exposure to international opportunities and importantly, time to digest and discuss these opportunities with the wider delegate audience, in a facilitated networking environment. Session 1.Global Energy Status; Trends, Challenges & Finance The State of Global Upstream A&D and Potential Targets for the Changing E&P Landscape – M. Lakin, ENVOIState and Trends of Global Upstream Deals: The History and Potential Future of E&P – C. Shearman, WestwoodThe Ongoing Challenges of Running and Growing a Small E&P Company in the Current Upstream Climate – J. Smart, PetromatadE&P Opportunities from Around the World – I. Cross, Moyes & AssociatesGlobal Energy Opportunities to Suit – M. Riddle, ENVOI Session 2.The Americas The Growing Prospectivity of the Western Atlantic Margin – N. Hodgson, SearcherSuriname’s E&P Potential, New Opportunity and Open Bid Round Process – V. Gangaram Panday, StaatsolieCountry Forum presentations from participating NOCs Session 3.Europe, Eastern Europe & Middle East Status of E&P in Eastern Europe: Opportunities Now and Future – I. Karpenko, NaftogazExploration Farmout in the Republic of Georgia – C. Brown, Block EnergyAdditional regional opportunity presentations Session 4.Asia / Far East & Australasia Hidden Gems of Asia-Pacific: High-Impact Opportunities in Underexplored Basins. Chaired by I. Cross, Moyes & AssociatesRegional prospect and project presentations. Session 5.Geothermal & Renewables – Realistic Transition The Potential of Geothermal in the UK Benefiting from Historical Wells – K. Farrow, CeraPhiThe Truth About Transition and the Need for Affordable Secure Energy – K. Porter, Watt-LogicThe Future of Nuclear SMRs – J. Harris, TredicPredicting Geothermal Potential with Remote Sensing – J. Watson, Metatek Session 6.Africa Opportunities and Challenges of Establishing an E&P Foothold in Africa – I. Cloke, AfentraOpportunities Abound Onshore and Offshore Africa – A. McAfee, CoreLabRefining the Future: Why Africa’s Upstream is Just Getting Started – B. Sayers, GeoPartnersCountry Forum and prospect presentations

Jumbo Offshore Wraps Up Errea Wittu FPSO Mooring Pre-Lay in Guyana

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Contracts, Oil & Gas

Jumbo Offshore has completed mooring pre-installation activities for the Errea Wittu floating production, storage and offloading (FPSO) unit at ExxonMobil Guyana’s Uaru Field in the Stabroek Block offshore Guyana. The work, carried out on behalf of MODEC, included installation of suction anchors and the pre-lay of mooring lines in preparation for FPSO hook-up. Jumbo Offshore performed installation engineering, procurement, mobilization and marshalling activities to support the offshore campaign, which was executed using its J-class installation vessel Fairplayer. The Uaru field is located around 200 kilometers offshore Guyana in water depths of about 1,750 meters and is estimated to hold more than 800 million barrels of oil. The Errea Wittu FPSO is designed to produce 250,000 barrels of oil per day, with a gas treatment capacity of 540 million cubic feet per day. It will also have a water injection capacity of 350,000 barrels per day, produced water capacity of 300,000 barrels per day and storage capacity of 2 million barrels of crude oil. “I am very proud of the hard work and commitment shown by all Jumbo personnel and subcontractors during the preparation, mobilization, and execution of this deepwater pre-lay mooring project. The team demonstrated full focus on engineering, procurement, documentation, and meticulous planning in sometimes challenging circumstances. The yard and offshore teams’ resilience and teamwork led to a safe and successful completion of the mooring line installation campaign,” said Freek Muurling, Project Manager at Jumbo Offshore. SOURCE: https://www.oedigital.com/news/535704-jumbo-offshore-wraps-up-errea-wittu-fpso-mooring-pre-lay-in-guyana

Exxon likely to file for second Guyana gas project within weeks; says full value chain is key – Routledge

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Oil & Gas

President of ExxonMobil Guyana, Alistair Routledge, says the company anticipates submitting environmental and project authorization requests for its second gas development within weeks, as it advances plans to build out a full gas value chain. Routledge made the disclosure on day two of the Guyana Energy Conference and Supply Chain Expo at the Guyana Marriott Hotel in Georgetown. “We anticipate that in the coming weeks, the next couple of months, we will likely submit a request for authorization and environmental authorization for the second gas project in the southeast part of the Stabroek Block,” Routledge said. The move reflects increasing assurance in the offshore resource. “Gas is more complicated. We require the full value chain,” he added. Routledge noted that gas development demands more integration than oil. “Trinidad has for decades in the development of that gas value chain. Has multiple ways in which they monetize their gas, from LNG export to onshore chemical plants many ways to develop the gas it supports local industry,” he said. “Guyana does not today have an onshore gas market,” he said. Routledge referenced Guyana’s President, Dr. Irfaan Ali’s remarks from the previous day, about expanding gas use beyond power generation. “That is the vision, in addition to gas to energy and the Wales development, our commitment and our energy is going behind developing a gas fueled industrial development,” he said. He outlined three requirements to make that plan viable. “The first is the confidence in the upstream resource,” he said. “We have growing confidence, and we can see a path forward to developing the upstream resource, including what it takes to deliver that resource from offshore to onshore by pipeline,” Routledge said. “We’ve already started the work on the concepts and how we will construct the pipeline. What size does it need to be, and where would it deliver the gas onshore,” he added. “The second element that we need to think about is the onshore infrastructure,” he said. “And the third element is the collaboration, existing partnerships, but also the new partnerships that will be needed in order to develop this full gas vision,” Routledge said. The plan for a second pipeline is consistent with the ‘Wales Gas Vision’ presented at the fourth Guyana Energy Conference in February by ExxonMobil Guyana President, Alistair Routledge. That vision anticipates the supply of natural gas to an offshore LNG export facility, and to Berbice for alumina and fertilizers production, as well as data centers. Anchoring the vision is ExxonMobil’s Longtail development. The Longtail project is being designed to operate for three decades, making it the company’s longest-running production venture in the Stabroek Block. The project is expected to produce around one billion cubic feet of gas per day and 250,000 barrels of condensate.  SOURCE: https://oilnow.gy/news/exxon-likely-to-file-for-second-guyana-gas-project-within-weeks-says-full-value-chain-is-key-routledge/

EIC flags pipeline of offshore contracts as Guyana and Suriname projects move toward FID

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Contracts, Exploration

The Energy Industries Council (EIC) said a growing pipeline of offshore contracts is emerging in Guyana and Suriname as multiple projects advance toward final investment decisions, creating near-term opportunities for the global energy supply chain. The update was provided by Lucas Ramos, Lead Energy Analyst at the Energy Industries Council, during a recent EIC webinar focused on subsea activity and opportunities in both countries. Ramos said the EICDataStream platform is tracking a steady flow of contract awards linked to Guyana’s Stabroek Block developments and early-stage projects offshore Suriname. “That information helps us better navigate opportunities on the market,” Ramos said. Guyana-Suriname Basin offers ‘advantaged barrels’ for the future, says S&P Global Executive | OilNOW  He said recent awards in Guyana are tied to the Jaguar and Hammerhead developments, with scopes covering subsea installation and pre-lay activities. Ramos said the scale of Guyana’s offshore build-out will continue to generate demand for logistics, subsea services, and offshore support as production expands. “We see an active scale-up of infrastructure arrangements in the country,” he said. He said Suriname is also entering a new contracting phase as its first FPSO project moves closer to execution. The unit for the GranMorgu development will be all-electric, with no routine flaring and gas reinjection capability, and is expected to achieve first oil in 2028. Suriname to outpace Guyana in 2025 exploration activity – WoodMac | OilNOW  Ramos said additional opportunities are expected from exploration and appraisal drilling, seismic campaigns, and potential floating LNG developments offshore Suriname.  “Exploration activities are really important there at the moment,” he said. He described the region as having “challenging waters”, but added that it represents a major new play test for Suriname.  He said EIC continues to track contractual activity across both countries to support companies seeking entry into the Guyana Suriname offshore market. The webinar was hosted by EIC and featured representatives from Subsea7 and Aberdeen International Associates. It targeted companies seeking contracts, partnerships, and supply chain opportunities in Guyana and Suriname’s expanding offshore sectors. SOURCE: https://oilnow.gy/news/eic-flags-pipeline-of-offshore-contracts-as-guyana-and-suriname-projects-move-toward-fid/

GranMorgu subsea scope more than double Yellowtail – Subsea7 Country Manager says

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Geology, Oil & Gas, Operations

The subsea scope for TotalEnergies’ GranMorgu development offshore Suriname is more than twice the size of ExxonMobil’s Yellowtail project in Guyana, according to the Guyana and Suriname Country Manager of Subsea7, Michael Gow. The comparison was made during a recent webinar hosted by the Energy Industries Council, where the executive outlined differences in pipeline length, equipment count, and water depth between the two developments. Yellowtail, ExxonMobil’s fourth oil development in the Stabroek Block, is already producing. It requires a smaller subsea build-out relative to GranMorgu. “Yellowtail has 105 kilometers of pipe,” he said. “Yellowtail has 34 pieces of…major subsea average equipment.” GranMorgu, which TotalEnergies is developing in Suriname’s Block 58, has a substantially larger subsea footprint. “GranMorgu has nearly 50 pieces of equipment to install,” he said. “Two hundred and twenty (220) kilometers of pipe. It’s a big project.” He said GranMorgu also introduces added technical complexity because the development stretches from shallow water into deepwater areas. “So Total[Energies] has to bring in shallow water bar drilling rigs as well as the deepwater [rig],” he noted. GranMorgu is Suriname’s first offshore oil development and is designed as a standalone project centered on a floating production, storage and offloading vessel. The project is expected to develop resources discovered in Block 58, where multiple finds were made by TotalEnergies and partner Apache Corporation.  According to the Subsea7 executive, appraisal drilling played a decisive role in expanding the project’s scope and supporting the final investment decision (FID). “As they were drilling, they found that the field extended out,” he said. “That extension is what put them over the top for their FID.” Subsea7 is active in both Guyana and Suriname and is involved in subsea installation campaigns tied to major deepwater developments in the region. The Energy Industries Council said it will host a trade mission from May 11–15, 2026, focused on Guyana and Suriname, aimed at giving companies direct access to local players, networking opportunities, and market briefings for the energy sector. Sorce: https://oilnow.gy/news/granmorgu-subsea-scope-more-than-double-yellowtail-subsea7-country-manager-says/

U.S. moves to fast-track oilfield repairs to lift Venezuela output

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Government, Operations

The U.S. is in talks with Chevron and major oilfield service companies on plans to quickly revive oil production in Venezuela through targeted repairs and equipment upgrades, rather than a full-scale industry rebuild, according to senior administration officials. Under the approach, service providers including SLB, Halliburton and Baker Hughes would focus initially on repairing damaged infrastructure, rehabilitating older wells and replacing outdated equipment. Officials said those measures could lift Venezuela’s crude output by several hundred thousand barrels per day in the near term with limited capital investment. The strategy aligns with the Trump administration’s goal of rapidly increasing crude supply following the January removal of former President Nicolás Maduro, while generating cash to support longer-term reconstruction. Venezuela currently produces less than 1 million bpd, far below its historical peak of nearly 4 million bpd in the 1970s. “There’s some low-hanging fruit that you could probably squeeze some life out of once again,” said Tom Liskey, head of Latin America research at Enverus. Chevron plans to initially leverage existing infrastructure in its joint ventures with state-owned Petróleos de Venezuela SA (PDVSA), Vice Chairman Mark Nelson said earlier this month. The company expects to raise production from its Venezuelan operations by about 50% over the next 18 to 24 months, up from roughly 240,000 bpd today. Oilfield service companies have signaled readiness to return quickly if U.S. approvals are granted. Halliburton CEO Jeff Miller said the company could mobilize within weeks, while Baker Hughes CEO Lorenzo Simonelli noted the firm has the largest installed base of artificial lift and rotating equipment in the country. In the near term, activity would likely center on workovers, artificial lift repairs and power generation upgrades at existing fields, rather than new drilling. Analysts say longer-term development — including new wells and reservoir expansion — would require sustained political stability, regulatory reform and significant investment. Despite Venezuela’s vast reserves, decades of underinvestment, environmental liabilities and deteriorated infrastructure remain major hurdles. Industry leaders have also raised concerns over worker safety and payment security, and U.S. officials have indicated they do not plan to provide on-the-ground security guarantees. Still, service companies view Venezuela as a potentially significant market as U.S. shale activity slows. Citi estimates that a return to historic activity levels could eventually support billions of dollars annually in drilling, completion and production services. Reporting by Jennifer A. Dlouhy and David Wethe, Bloomberg. Edited for length.  Source: https://www.worldoil.com/news/2026/1/23/u-s-moves-to-fast-track-oilfield-repairs-to-lift-venezuela-output/