Shell delivers first gas from project offshore Trinidad
Shell (LON: SHEL) has started up gas production from the Colibri tie back project in the Caribbean.
E&P
ExxonMobil drills dry hole in setback to Brazil oil exploration
ExxonMobil drilled a so-called dry hole off the coast of Brazil, a rare setback in the oil titan’s effort to expand its South American crude reserves.
Eco Atlantic strikes another deal, targeting Guyana’s JHI
Eco Atlantic Oil & Gas has struck another deal, agreeing to issue shares to buy its partner in Guyana, JHI Associates.
Tullow flexes positive plans on improved optimism
Amid higher oil prices, Tullow Oil is beginning to scale up its growth plans once more, raising near term possibilities for drilling around TEN and further out plans for gas and Kenya.
High and volatile oil prices for the next five years, BofA forecasts
Brent oil prices average $60-80 per barrel until 2027, BofA Global Research has said in a new report, suggesting high prices are here to stay – at least in the medium term.
TotalEnergies scores another Suriname strike
TotalEnergies and APA Corp. have made a “significant” oil and associated gas discovery offshore Suriname, on Block 58.
The Essential Guide to Suriname Energy Investment
The Suriname-Guyana basin continues to be a focal point for hydrocarbon exploration and development, as evidenced by CGX Energy’s recent discovery at the Corentyne block, in line with Suriname’s Block 58. Indeed as frontier E&P remains at a comparatively low ebb, this represents one of few global hotspots, with an estimated 16bn barrels of recoverable resources discovered to date.
ExxonMobil starts production at Guyana’s second offshore development
ExxonMobil (NYSE: XOM) has started up production at Guyana’s second offshore oil development on the Stabroek Block.
BP charters Prosafe vessel for work offshore Trinidad
Oil and gas giant BP (LON: BP) has struck a deal with Oslo-listed Prosafe (OSLO: PRS) to charter one of its vessels for use in the Caribbean.
Equinor to press ahead with North Platte as TotalEnergies exits
TotalEnergies is dropping out of the North Platte development, in the US Gulf of Mexico.
CGX strikes success at Kawa well off Guyana
The Kawa-1 well has found 54 metres of hydrocarbon-bearing reservoirs offshore Guyana, on the Corentyne block.
North Sea ‘falling behind’ as global offshore investment returns to pre-pandemic levels
The North Sea is one of just a handful of regions “falling behind” as offshore oil and gas investment returns to pre-pandemic levels around the world.
BP and Rosneft only oil explorers to deliver 1billion+ barrels in 2021
BP and Rosneft were the only companies to deliver more than a billion net barrels of oil equivalent through exploration last year, according to new research.
TotalEnergies to keep Maersk Valiant for more offshore Suriname
TotalEnergies has chosen to exercise an option with Maersk Drilling for another well in Block 58, offshore Suriname.
ExxonMobil uncovers more oil offshore Guyana
US supermajor ExxonMobil (NYSE: XOM) has made two fresh oil discoveries off the coast of Guyana.
Petrobras and friends clean up in multi-billion Santos Basin sale
Brazil has handed out rights to its Atapu and Sépia pre-salt fields to Petrobras and international partners.
Saipem wins £700 million contract with Petrobras for work offshore Brazil
Saipem has secured a contract with Petrobras worth around £700 million for work offshore Brazil.
Exxon’s Sapote-1 well disappoints
ExxonMobil has drilled the Sapote-1 well, offshore Guyana, but failed to find commercial hydrocarbons.
Asia snaps up American shale gas to keep boilers, furnaces lit
Asian liquefied natural gas (LNG) traders are rushing to secure shipments from the US, where prices are among the cheapest in the world, amid a dash to replenish supply before the winter.
QatarEnergy enters Canada’s offshore in Exxon deal
QatarEnergy has struck a deal with ExxonMobil to take a stake in an exploration licence offshore Canada’s east coast.
Stabroek hits 10 billion barrel mark with new find
A 21st discovery on the Stabroek block has increased the gross discovered recoverable resource to 10 billion barrels of oil equivalent.
Shell strikes deal to sell Permian unit for $9.5bn
Shell has reached a deal to sell its Permian shale business to ConocoPhillips for $9.5 billion, with $7bn of that going to shareholders.
Exxon eyes Guyana growth with further discoveries
ExxonMobil has made a discovery at the Pinktail well, on Guyana’s offshore Stabroek Block.
Exxon spuds well on Guyana’s Canje Block
ExxonMobil has spudded the Sapote-1 well on Guyana’s offshore Canje Block.
Exxon’s Jabillo disappoints, Sapote up next
ExxonMobil has drilled a disappointing well offshore Guyana that failed to encounter commercial hydrocarbons.