KBR wins FEED work at Bay du Nord FPSO
The service company noted the importance of tackling carbon emissions. It said it would help develop “one of the lowest carbon emitting” FPSOs in the world.
Offshore
Shell takes FID on Gulf of Mexico’s Dover tieback
Shell (LON:SHEL) has announced it will move forward with Dover, a new subsea tieback to its Appomattox hub in the US Gulf of Mexico.
Shell fires up Vito, with Whale to follow
Where Vito has led, Shell’s Whale will follow. The company reached FID on Whale in 2021 and it is due to begin producing in 2024.
Platform crew attempted rescue during fatal GoM helicopter crash
A new report from the US’ transport safety regulator sheds new light on the incident which killed three workers and a helicopter pilot in December.
BP doubles oil output at GoM’s Thunder Horse
BP (LON:BP) has confirmed a doubling of output at its flagship Thunder Horse platform in the US Gulf of Mexico, as it looks to ramp up production in the basin by mid-decade.
Westwood tips Africa, Latin America for high-impact hopes in 2023
Explorers are “taking a measured view and holding budgets and activity steady whilst trying to improve overall exploration efficiency”, Westwood said.
Four missing as US Coast Guard calls off search for downed helicopter
The US Coast Guard suspended its search for four passengers on a downed helicopter on December 29.
Transocean takes eight-gen Titan for Chevron work
Transocean ordered the two drillships in February 2014, agreeing to pay $540 million for each of the vessels. Sembcorp said it would deliver the rigs in 2017 and 2018.
Exxon lands two more off Guyana
ExxonMobil has scored another two finds offshore Guyana its incredibly prolific Stabroek block.
TotalEnergies approves $700m Fenix gas project off Argentina
TotalEnergies and its partners have has approved the final investment decision (FID) for the Fenix gas development, around 37 miles off the coast of Tierra del Fuego in southern Argentina.
APA scores first Suriname find in Block 53
APA Corp has discovered oil offshore Suriname on Block 53, while abandoning another well on Block 58.
Exxon racks up another two Guyana finds
ExxonMobil has made another two discoveries in the Stabroek block, bringing the total number of its finds offshore Guyana to more than 25.
Shell weighs sale of two Gulf of Mexico assets: reports
Shell (LON:SHEL) has reportedly begun soliciting interest from potential buyers for stakes in two key Gulf of Mexico assets, the sale of which could generate up to $1.5 billion.
NFE sets out Apollo venture, Mexico export hub plan
New Fortress Energy (NFE) has set out a plan to sell down its stakes in 11 LNG vessels and two deals in Mexico.
Shell buys into Total-spurned Gulf of Mexico project with Equinor
Shell is buying a 51% stake in the North Platte development, in the US Gulf of Mexico, from Equinor, the Norwegian company has revealed.
Eco drops JHI deal over lock-up differences
Eco Atlantic Oil & Gas has dropped its plans to acquire JHI Associates, which has a 17.5% stake in a Guyana block.
BP exits Canadian oil sands, doubles down offshore
BP is selling off its oilsands project in Canada under a deal with Cenovus Energy, which will see it paid in cash and a stake in the offshore Bay du Nord project.
Ballymore: Chevron sanctions $1.6 billion Gulf of Mexico project
Chevron has sanctioned the Ballymore development, a 150 million-barrel oil field in the US Gulf of Mexico.
Standard Chartered under fire over Mozambique LNG emissions
Projects backed by Standard Chartered in 2021 will emit 2.3 billion tonnes of CO2 over their lifespan, with Mozambique LNG to play a major part in this.
11 billion barrels: ExxonMobil boosts Guyana numbers with trio of discoveries
ExxonMobil has made a trio of new discoveries offshore Guyana, boosting recoverable resources from the prolific Stabroek Block to nearly 11 billion barrels of oil equivalent.
Diver, contractor blame Paria for preventing pipeline worker rescue
Scrutiny of Paria Fuel Trading and contractor LMCS is mounting in Trinidad & Tobago following a deadly accident in late February.
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.
Fire breaks out offshore Mexico, 15 rescued
A fire appears to have forced an evacuation from an oil platform offshore Mexico, according to local reports.