TotalEnergies and its partners have has approved the final investment decision (FID) for the Fenix gas development, around 37 miles off the coast of Tierra del Fuego in southern Argentina.
APA Corp has discovered oil offshore Suriname on Block 53, while abandoning another well on Block 58.
ExxonMobil has made another two discoveries in the Stabroek block, bringing the total number of its finds offshore Guyana to more than 25.
Shell (LON:SHEL) has reportedly begun soliciting interest from potential buyers for stakes in two key Gulf of Mexico assets, the sale of which could generate up to $1.5 billion.
New Fortress Energy (NFE) has set out a plan to sell down its stakes in 11 LNG vessels and two deals in Mexico.
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 Atlantic Oil & Gas has dropped its plans to acquire JHI Associates, which has a 17.5% stake in a Guyana block.
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.
Chevron has sanctioned the Ballymore development, a 150 million-barrel oil field in the US Gulf of Mexico.
Projects backed by Standard Chartered in 2021 will emit 2.3 billion tonnes of CO2 over their lifespan, with Mozambique LNG to play a major part in this.
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.
Scrutiny of Paria Fuel Trading and contractor LMCS is mounting in Trinidad & Tobago following a deadly accident in late February.
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 and APA Corp. have made a “significant” oil and associated gas discovery offshore Suriname, on Block 58.
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.
A fire appears to have forced an evacuation from an oil platform offshore Mexico, according to local reports.
TotalEnergies is dropping out of the North Platte development, in the US Gulf of Mexico.
BW Offshore has signed a deal to recycle its BW Cidade de São Vicente at a yard in India, in compliance with the Hong Kong International Convention.
The Kawa-1 well has found 54 metres of hydrocarbon-bearing reservoirs offshore Guyana, on the Corentyne block.
Saipem has won two new offshore contracts, in Australia and Guyana, worth $1.1 billion, on the Scarborough and Yellowtail projects respectively.
The Biden administration is selling drilling rights across the Gulf of Mexico on Wednesday in an auction that will test the oil industry’s appetite amid White House efforts to shift away from fossil fuels.
Some Shell production in the US Gulf of Mexico will not return before the first quarter of next year, owing to damage to the West Delta-143 (WD-143) facility.
A video shows the damage caused by Hurricane Ida on the US Gulf Coast.
Shell Offshore has reported damage to its West Delta-143 (WD-143) offshore facilities following Hurricane Ida.
Shell has taken the final investment decision (FID) on the Whale project, in the US Gulf of Mexico, copying many of the aspects of its Vito project.