Non-commercial discovery for Exxon at deepest Guyana well
The Tanager 1 well is a non-commercial discovery, on a standalone basis.
Hess
TechnipFMC, SBM celebrate deals as Exxon sanctions latest Guyana development
US oil major ExxonMobil has made a final investment decision to develop the $9 billion, 600 million barrel Payara field off Guyana.
Petronas seeks investors to revive Malaysian upstream as majors exit
After reporting a $5 billion loss, Malaysian national oil company (NOC) Petronas is eager to see new money flow into its domestic upstream sector, especially as the majors, such as ExxonMobil, seek to exit the Southeast Asian nation.
Mubadala Petroleum eyes $2bn Southeast Asia sale
Mubadala Petroleum has put its Southeast Asia portfolio up for sale for $2 billion. The Abu Dhabi-based company will be following in the footsteps of ExxonMobil, Chevron, Shell, Murphy Oil, Hess, Repsol and Eni, all of which are looking to sell assets in the Asia region.
PFG refuses Es Sider loading
An attempt to lift force majeure at the Es Sider port, allowing oil exports to resume, has failed with local armed forces refusing to allow this to go ahead.
Trident kicks off 4D shoot in EG
Trident Energy has begun a 4D seismic survey offshore Equatorial Guinea on Block G.
Reuters DecomWorld confirm over 30 international E&P’s to Join 12th annual decommissioning summit in Houston, 2020
DecomWorld – part of Reuters Events- today announced the confirmation of over 30 international E&P delegations to attend their 12th Annual D&A Summit (March 31 – 1 April, Houston).
DecomWorld annual D&A summit returns with record numbers
DecomWorld – part of Reuters Events- today announced the global E&P delegations already confirmed to attend their 2020 Decommissioning and Abandonment Summit along with an international operator speaker faculty
Exxon Mobil, Hess move up first Guyana production to December
Exxon Mobil and Hess Corp. said they are moving up the start date for first oil production in Guyana to December instead of the previous timeline slated for early 2020.
Petrofac lauds Aberdeen as ‘big recruitment growth’ centre
Petrofac bosses have said Aberdeen is one of the “biggest areas of recruitment growth” for the global energy service group.
Petrofac wins decommissioning work at two North Sea fields
Petrofac has been handed a decommissioning contract for wells at two fields in the central North Sea.
Awilco Drilling posts loss as rig remains unused for nearly four years
Awilco Drilling has reported a set of losses as one of its two rigs has remained unused for nearly four years running.
ExxonMobil, Hess announce 13th Guyana discovery
ExxonMobil said Thursday it made its 13th oil discovery offshore of Guyana, increasing its rapidly rising tally of finds near the tiny South American nation.
Drilling development starts on Exxon’s Guyana behemoth
ExxonMobil said today that development drilling had kicked off on the Liza Phase 1 development offshore Guyana.
Hess Corp to cut 300 jobs
The oil and gas company Hess Corp. said it will lay off about 300 employees or 13 percent of its workforce this year as it labors to sell assets, slim down operations and post its first quarterly profit since 2014.
AkerBP pulls-off strong third quarter with costs as low as $11pb
AkerBP recorded a strong third quarter, raking in a net profit of $112million.
Updated: Hess sells Norwegian assets for $2billion
Hess has sold its Norwegian oil and gas assets to Aker BP for $2billion.
Consortium agrees deal for Suriname offshore blocks
A consortium made up of ExxonMobil, Hess and Statoil has reached an agreement with Suriname’s energy agency on a production sharing contract for block 59 in the country.
Hess sells up in the Permian
Hess Corp. has inked a deal to sell its stakes in some oil-producing assets in West Texas and New Mexico for $600 million, the New York oil company said Monday.
Hess reports $4.89bn loss in Q4 results
Hess has reported a loss of $4.89billion in its fourth quarter.
Hess Corp plans to bring 80 new wells in North Dakota online
Hess Corp said it still plans to bring around 80 North Dakota oil wells online this year despite the decline in crude prices.
Hess chairman steps down from board
Hess Corporation said the chairman of its board of directors has retired from the company due to ill health.
Hess sells Shannon LNG assets
US oil giant Hess has sold its Shannon LNG assets, according to reports.
US oil explorers seen reporting $14billion in 2015 losses
During the next eight days, independent U.S. oil explorers are expected to report 2015 losses totaling almost $14 billion, the result of the steepest price collapse in a generation.
Hess to cut capital spending and production by 40%
Hess Corp. said it will cut capital spending on exploration and production this year 40 percent from 2015 to $2.4 billion on low oil prices.