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In a first for the Americas region, Strohm has delivered a deep-water thermoplastic composite pipe (TCP) jumper to ExxonMobil affiliate Esso Exploration & Production Guyana Ltd (EEPGL). According to Strohm, ExxonMobil’s subsidiary plans to install the subsea water alternating gas (WAG) jumper made from TCP on the Liza Phase 2 project in Guyana this year. The Liza... Continue Reading →
Houston-based APA Corporation on Tuesday announced its joint venture with France's TotalEnergies has made an oil discovery at the Krabdagu exploration well off the coast of Suriname. APA has a 50% working interest in Block 58 where the oil discovery was made, with TotalEnergies the operator and the holder of the remaining stake. Flow test... Continue Reading →
(OED) Italian oil and gas firm Eni's giant oil find offshore Ivory Coast last year won the 'discovery of the year' award, and Eni also secured the title of the upstream industry’s most-admired explorer, an accolade awarded as part of Wood Mackenzie’s annual Exploration Survey. Eni's exploration director Luca Bertelli won the Lifetime Achievement Award, too.... Continue Reading →
Brazilian state-controlled oil company Petrobras has bought its first cargo of Guyanese crude for refining domestically, the company told Reuters, as South America's newest producer expands its market reach. With the start of a second floating production facility in February, Guyana now sells two light and sweet oil grades with plans to pump up to... Continue Reading →
(OM) Following constructive discussions with the government of Guyana, joint venture (JV) partners CGX Energy Inc. and Frontera Energy Corp. will focus exclusively on the exploration opportunities in the Corentyne Block offshore Guyana. The decision follows the discovery at the Kawa-1 exploration well on the Corentyne Block. CGX will continue to integrate its findings from the Kawa-1 well into... Continue Reading →
(OE) Shell's and TotalEnergies' Graff and Venus deepwater discoveries off Namibia have put southern Africa under the exploration spotlight. With deepwater offering high productivity reserves, it's a spotlight that's likely to linger for a few years yet, despite continued offshore upstream capital discipline. With talk of TotalEnergies' offshore Namibia Venus discovery potentially containing more than... Continue Reading →
Global energy supermajor ExxonMobil and its partners Hess and CNOOC have made an astonishing number of high-quality oil discoveries in offshore Guyana. In April 2022 Exxon announced that it made three more discoveries in the 6.6-million-acre Stabroek Block, where it is the operator holding a 45% interest with 30% owned by Hess and the remaining 25% held... Continue Reading →
(Y!F) With billions of people staying at home and the global economy shrinking, oil demand dropped significantly amid the coronavirus pandemic. Oil markets had been in turmoil and producers throughout the world encountered more challenges than ever. However, two years after the pandemic-driven epic oil price crash, optimism is back in the sector, with the... Continue Reading →
(Reuters) The Guyanese economy has recovered well after the COVID-19 pandemic thanks to an oil boom, the International Monetary Fund (IMF) said on Friday, but the country must be wary of over-dependence on oil income. The tiny South American nation has an ambitious oil development plan that has followed over 30 oil and gas findings... Continue Reading →
(Reuters) - An Exxon Corp-led consortia operating in Guyana has found new "attractive deep-water" oil prospects in the South American country, Hess Corp (HES.N) Chief Executive John Hess on Thursday during a web conference. Exxon operates the consortia responsible for all oil production in Guyana with a 45% stake, with partners Hess (30%) and CNOOC Petroleum (25%).... Continue Reading →
Brazil Energy Insight 