Exxon, Cnooc merge Guyana arbitration claims against Chevron
Exxon Mobil and Cnooc merged arbitration claims against Chevron’s proposed takeover of Hess that would allow the US oil supermajor to enter Guyana’s Stabroek Block.
Hess
Exxon plays hardball with Chevron to hoard Guyana’s oil riches
It’s rare for disputes between any of the world’s supermajor oil companies to spill out in public. It’s even rarer that one could end up costing $53 billion.
Chevron, Hess shares slip as Exxon considers bid to block Guyana deal
Shares of Chevron and Hess slipped after Exxon Mobil said it’s considering a move that could break up the companies’ $53 billion merger and increase its share of Guyana’s giant offshore oil reserves.
Exxon starts up third Guyana FPSO, on track to double production
“Each new project supports economic development and access to resources that will benefit Guyanese communities while also helping to meet the world’s energy demand.”
Guyana hits another “significant discovery” at Stabroek
Lancetfish-2 found around 20 metres of net oil pay in a new interval, the government said.
US oil majors stay ahead of Europe as deals beat strategy pivot
Europe’s unloved oil majors seem to finally be winning back investors by refocusing on their core business, yet the valuation gap with their dealmaking US peers remains stubbornly wide.
Exxon greenlights fifth project offshore Guyana
Six FPSOs could be producing on Stabroek by the end of 2027, with capacity of more than 1.2 million bpd. The number of FPSOs could rise to 10, aiming to produce the more than 11 billion barrels.
Keppel delivers Guyana’s third FPSO for ExxonMobil-led consortium
The Prosperity FPSO will be the third of four FPSOs Keppel is undertaking for deployment in Guyana.
Malaysia doubles exploration success in 2022 with 10 discoveries
Petronas and its Petroleum Arrangement Contractors (PACs) recorded a total of 10 hydrocarbon discoveries in Malaysia in 2022, following the increase of exploration activities in the country.
Total, Conoco close Waha sale despite some local opposition
TotalEnergies and ConocoPhillips have bought out Hess from Libya’s Waha concession, completing a deal that has taken around a year.
Exxon lands two more off Guyana
ExxonMobil has scored another two finds offshore Guyana its incredibly prolific Stabroek block.
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.
Borr wins new jack-up work in Southeast Asia
Borr Drilling has secured a new four-year contract for its Saga jack-up rig in Southeast Asia.
Gulf of Mexico oil drilling makes too-little, too-late comeback
A new wave of oil platforms is sweeping into the US Gulf of Mexico as crude prices are riding historic levels and demand for barrels is higher than ever.
Exxon seizes Yellowtail with fourth Guyana FID
ExxonMobil has taken its fourth final investment decision (FID) in Guyana on the Yellowtail project.
Amid Hess sale controversy, Dbeibeh launches presidency bid
Libyan Prime Minister Abdul Hamid Dbeibeh intends to run for president, he announced at the weekend, while also seeming to back a sale of a stake in Waha Oil to TotalEnergies and ConocoPhillips.
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.
Keppel delivers Guyana’s second FPSO
Singapore yard Keppel Offshore &Marine (Keppel O&M) has delivered a mega floating storage and offloading (FPSO) vessel dubbed Liza Unity to SBM Offshore that will process oil from the prolific Stabroaek Block offshore Guyana.
Exxon eyes Guyana growth with further discoveries
ExxonMobil has made a discovery at the Pinktail well, on Guyana’s offshore Stabroek Block.
Hess seeks bids for North Malay Basin work
Industry sources report Hess has issued a tender for the provision of turnaround and inspection services at its North Malay Basin project offshore Malaysia.
Oil sector activity reignites, sending more vessels back to work, Esvagt says
Emergency response and rescue vessel firm Esvagt said today that a “re-ignition” of oil and gas sector activity was creating a “promising” increase in demand.
Hess’ latest pact with Petronas lays foundation for potential Malaysia exit
Petronas and Hess have agreed amendments to an existing upstream gas sales agreement for fields offshore Malaysia that cements the value of the US-based company’s North Malay Basin assets. This makes any potential divestment process easier as Hess focuses on its prolific acreage offshore Guyana.
ExxonMobil celebrates new discovery at Longtail-3 offshore Guyana
ExxonMobil today said it made a discovery at Longtail-3 in the Stabroek Block offshore Guyana.
Asia Pacific drives global upstream activity
Asia Pacific has been driving global upstream sanctioning activity over recent months with multiple projects approved in Malaysia and Australia.
A new M&A wave for upstream E&P – could it be the final wave?
A year on from being hit by some of the biggest challenges the upstream exploration and production (E&P) sector has faced and so far in 2021, we have seen a greater volume of disclosed North Sea deal value than in the whole of 2020.