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.
E&P
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 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.
Shell joins Exxon with $1 billion Brazil exploration setback
Expensive offshore exploration setbacks for international oil majors including Shell and Exxon Mobil are throwing cold water on their plans to turn Brazil into a profit center.
Pantheon plans out its next steps in Alaska
Pantheon Resources has a multi-billion barrel resource in the occasionally iced over state of Alaska, the company reckons. It will put the theory to the test this summer.
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.
Canada approves Equinor’s Bay du Nord plan
The Canadian government has approved Equinor’s Bay du Nord project, albeit with the strongest ever greenhouse gas conditions.
Exxon seizes Yellowtail with fourth Guyana FID
ExxonMobil has taken its fourth final investment decision (FID) in Guyana on the Yellowtail project.
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.
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.