Bulletwood fails to land for Exxon
ExxonMobil’s Bulletwood-1 well offshore Guyana found reservoirs but no commercial hydrocarbons.
E&P
Big question marks over ExxonMobil’s reserves
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 eyes selldown of promising $3bn Alaska oil project
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.
NOC spending plans at risk from climate goals
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 appoints John Anis as chairman
Maurel et Prom has appointed John Anis as the chairman of the board, to replace Aussie Gautama.
Total confirms $100m Suriname contract award to Maersk Drilling
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 scores fourth Suriname success
Total and Apache have announced a fourth discovery at Block 58, offshore Suriname.
Drilling starts on Perseverance well offshore Bahamas
London-listed oil explorer Bahamas Petroleum Company (BPC) said today that drilling of the Perseverance well had begun.
A bright future for the Guyana economy post-Covid
ABIS Energy is passionate about Guyana. We have been engaged with the Guyana economy for the past 4 years and foresee a bright future.
Fugro awarded Petronas contract for positioning services in Guyana-Suriname Basin
Fugro has clinched a contract with Malaysian oil firm Petronas for positioning services for an exploration programme in the Guyana-Suriname Basin.
Energy Voice’s essential Guyana Playbook is now available
Guyana is the world’s most exciting frontier oil and gas exploration area. There’s a lot of oil, it’s good quality and it’s relatively cheap to produce. It has attracted a host of major players, including Hess, CNOOC, Total, Repsol, Qatar Petroleum, Tullow and, above all, ExxonMobil.
88E Preparing for Maiden Drilling of 1.6 Billion Barrel North Slope Project
88 Energy Ltd (ASX 88E; LON 88E) this week executed its drilling contract to drill the Merlin-1 and Harrier-1 wells for Project Peregrine on the North Slope of Alaska.
Petronas scores Suriname find
Petronas has made a first discovery offshore Suriname, in Block 52, at the Sloanea-1 exploration well.
Total picks Maersk Drilling for $100m, two-rig campaign off Suriname
Total has picked Maersk Drilling to supply two rigs for an exploration and appraisal project off Suriname as part of a deal worth around $100 million.
Independent E&P firms that fail to adjust to energy transition will be gone by 2050, analyst says
Independent exploration and production (E&P) firms that fail to adjust to the energy transition face extinction before 2050, an analyst said today.
Non-commercial discovery for Exxon at deepest Guyana well
The Tanager 1 well is a non-commercial discovery, on a standalone basis.
Apache in profit for Q3 as cost cutting initiatives outstrip expectations
North Sea oil firm Apache was in the black in the third quarter of 2020 as its cost-saving initiatives outstripped expectations.
i3 shares rise on farm-out and maiden dividend talk
Oil firm i3 Energy is in talks over a potential farm out of stakes in its Serenity discovery in the outer Moray Firth.
Total trims spending on price volatility
Total has no clear view on prices in 2021 and is taking a cautious stance on spending plans, the company’s CFO Jean-Pierre Sbraire said after the company published its third quarter results.
CNOOC picks Stena Drilling for one-well job off Canada
Stena Drilling has struck a deal with CNOOC International for a one-well job off Newfoundland, Canada.
$20 per barrel for project approvals, Pouyanné states
Total remains committed to developing hydrocarbon resources, but the cost must be sufficiently low to survive in a world of lower prices, the company’s chairman and CEO Patrick Pouyanné has said.