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.
E&P
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.
Petrobras and friends clean up in multi-billion Santos Basin sale
Brazil has handed out rights to its Atapu and Sépia pre-salt fields to Petrobras and international partners.
Saipem wins £700 million contract with Petrobras for work offshore Brazil
Saipem has secured a contract with Petrobras worth around £700 million for work offshore Brazil.
Exxon’s Sapote-1 well disappoints
ExxonMobil has drilled the Sapote-1 well, offshore Guyana, but failed to find commercial hydrocarbons.
Asia snaps up American shale gas to keep boilers, furnaces lit
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 enters Canada’s offshore in Exxon deal
QatarEnergy has struck a deal with ExxonMobil to take a stake in an exploration licence offshore Canada’s east coast.
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.
Shell strikes deal to sell Permian unit for $9.5bn
Shell has reached a deal to sell its Permian shale business to ConocoPhillips for $9.5 billion, with $7bn of that going to shareholders.
Exxon eyes Guyana growth with further discoveries
ExxonMobil has made a discovery at the Pinktail well, on Guyana’s offshore Stabroek Block.
Exxon spuds well on Guyana’s Canje Block
ExxonMobil has spudded the Sapote-1 well on Guyana’s offshore Canje Block.
Exxon’s Jabillo disappoints, Sapote up next
ExxonMobil has drilled a disappointing well offshore Guyana that failed to encounter commercial hydrocarbons.
Chevron, TotalEnergies tipped for Suriname shallow-water blocks
Suriname has named Chevron, TotalEnergies and Qatar Petroleum (QP) as submitting the best bids for blocks under the 2020-21 bid round.
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.
Japex sells Canadian shale gas stake to Petronas
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 wins $2.3bn FPSO deal from Brazil’s Petrobras
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 put breaks on Suriname drilling due to high pressure
Apache and Total have halted drilling on the Keskesi East-1 discovery well off Suriname due to “substantial pressure increases”.
Bulletwood fails to land for Exxon
ExxonMobil’s Bulletwood-1 well offshore Guyana found reservoirs but no commercial hydrocarbons.
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.