Shares of Chevron and Hess slipped after Exxon Mobil said it’s considering a move that could break up the companies’ $53 billion merger and increase its share of Guyana’s giant offshore oil reserves.
“Each new project supports economic development and access to resources that will benefit Guyanese communities while also helping to meet the world’s energy demand.”
Lancetfish-2 found around 20 metres of net oil pay in a new interval, the government said.
Europe’s unloved oil majors seem to finally be winning back investors by refocusing on their core business, yet the valuation gap with their dealmaking US peers remains stubbornly wide.
Six FPSOs could be producing on Stabroek by the end of 2027, with capacity of more than 1.2 million bpd. The number of FPSOs could rise to 10, aiming to produce the more than 11 billion barrels.
The Prosperity FPSO will be the third of four FPSOs Keppel is undertaking for deployment in Guyana.
Petronas and its Petroleum Arrangement Contractors (PACs) recorded a total of 10 hydrocarbon discoveries in Malaysia in 2022, following the increase of exploration activities in the country.
TotalEnergies and ConocoPhillips have bought out Hess from Libya’s Waha concession, completing a deal that has taken around a year.
ExxonMobil has scored another two finds offshore Guyana its incredibly prolific Stabroek block.
ExxonMobil has made another two discoveries in the Stabroek block, bringing the total number of its finds offshore Guyana to more than 25.
Borr Drilling has secured a new four-year contract for its Saga jack-up rig in Southeast Asia.
A new wave of oil platforms is sweeping into the US Gulf of Mexico as crude prices are riding historic levels and demand for barrels is higher than ever.
ExxonMobil has taken its fourth final investment decision (FID) in Guyana on the Yellowtail project.
Libyan Prime Minister Abdul Hamid Dbeibeh intends to run for president, he announced at the weekend, while also seeming to back a sale of a stake in Waha Oil to TotalEnergies and ConocoPhillips.
A 21st discovery on the Stabroek block has increased the gross discovered recoverable resource to 10 billion barrels of oil equivalent.
Singapore yard Keppel Offshore &Marine (Keppel O&M) has delivered a mega floating storage and offloading (FPSO) vessel dubbed Liza Unity to SBM Offshore that will process oil from the prolific Stabroaek Block offshore Guyana.
ExxonMobil has made a discovery at the Pinktail well, on Guyana’s offshore Stabroek Block.
Industry sources report Hess has issued a tender for the provision of turnaround and inspection services at its North Malay Basin project offshore Malaysia.
Emergency response and rescue vessel firm Esvagt said today that a “re-ignition” of oil and gas sector activity was creating a “promising” increase in demand.
Petronas and Hess have agreed amendments to an existing upstream gas sales agreement for fields offshore Malaysia that cements the value of the US-based company’s North Malay Basin assets. This makes any potential divestment process easier as Hess focuses on its prolific acreage offshore Guyana.
ExxonMobil today said it made a discovery at Longtail-3 in the Stabroek Block offshore Guyana.
Asia Pacific has been driving global upstream sanctioning activity over recent months with multiple projects approved in Malaysia and Australia.
A year on from being hit by some of the biggest challenges the upstream exploration and production (E&P) sector has faced and so far in 2021, we have seen a greater volume of disclosed North Sea deal value than in the whole of 2020.
Ineos Energy has announced a deal to sell its oil and gas assets in Norway for $615million.
Petrofac has won its first contract for decommissioning work in Australia after building a track record in the UK.