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 has chosen to exercise an option with Maersk Drilling for another well in Block 58, offshore Suriname.
Brazil has handed out rights to its Atapu and Sépia pre-salt fields to Petrobras and international partners.
Saipem has secured a contract with Petrobras worth around £700 million for work offshore Brazil.
ExxonMobil has drilled the Sapote-1 well, offshore Guyana, but failed to find commercial hydrocarbons.
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 has struck a deal with ExxonMobil to take a stake in an exploration licence offshore Canada’s east coast.
A 21st discovery on the Stabroek block has increased the gross discovered recoverable resource to 10 billion barrels of oil equivalent.
Shell has reached a deal to sell its Permian shale business to ConocoPhillips for $9.5 billion, with $7bn of that going to shareholders.
ExxonMobil has made a discovery at the Pinktail well, on Guyana’s offshore Stabroek Block.
ExxonMobil has spudded the Sapote-1 well on Guyana’s offshore Canje Block.
ExxonMobil has drilled a disappointing well offshore Guyana that failed to encounter commercial hydrocarbons.
Suriname has named Chevron, TotalEnergies and Qatar Petroleum (QP) as submitting the best bids for blocks under the 2020-21 bid round.
ExxonMobil today said it made a discovery at Longtail-3 in the Stabroek Block offshore Guyana.
Japan’s Japex will sell its 10% stake in a Canadian shale gas project to Malaysia’s Petronas amid concerns over profitability and its carbon footprint.
Singapore’s Keppel Offshore & Marine (Keppel O&M) will build one of the world’s largest floating production storage and offloading (FPSO) vessels for Brazil’s Petrobras after winning a contract worth $2.3 billion.
Apache and Total have halted drilling on the Keskesi East-1 discovery well off Suriname due to “substantial pressure increases”.
ExxonMobil’s Bulletwood-1 well offshore Guyana found reservoirs but no commercial hydrocarbons.
As expected, COVID wrought havoc with earnings, leaving ExxonMobil with an enterprise-wide return on capital employed of minus 9.5%. But the real story was not in the income statement; it was the estimate of oil reserves.
Oil Search will start a 15% selldown process for its proposed 80,000 barrels of oil per day Pikka low emissions oil project in Alaska by April. Phase 1 of Pikka is expected to cost about $3 billion and produce oil at a break-even cost of supply less than $40 per barrel Brent, inclusive of a 10% return, reckons the Australian-based company.
Investments by the world’s NOCs are incompatible with limiting climate change, according to new research published by the Natural Resource Governance Institute (NRGI).
Maurel et Prom has appointed John Anis as the chairman of the board, to replace Aussie Gautama.
French energy giant Total has confirmed the award to Maersk Drilling of contracts worth $100 million for its exploration and appraisal campaign in Suriname's Block 58.
Total and Apache have announced a fourth discovery at Block 58, offshore Suriname.