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(Reuters) - As oil industry officials from around the world descend on Guyana for a conference to showcase its potential as an oil power, the biggest player in its oil boom still has decisions to make on its future in the South American country. Liam Mallon, president of Exxon Mobil's oil and gas production business... Continue Reading →
(PN) A bitter end for Shell in its endeavor in the Saturno block, located in the Santos Basin pre-salt layer. The company fully returned the area to the National Petroleum Agency (ANP). This information was confirmed by the regulatory body's press office. Shell was the operator of the block with a 45% stake in partnership... Continue Reading →
(Reuters) Guyana is in talks with Qatar, Britain, the United Arab Emirates, and India on the possibility of directly allocating offshore blocks for oil and gas exploration in parallel with a bidding round this year, President Irfaan Ali said on Monday. South America's newest crude producer has emerged as the world's fast-growing oil region with... Continue Reading →
(Reuters) Guyana's upcoming bidding round for offshore areas has caught the interest of top energy companies from Asia to Europe, according to people familiar with the matter, even as the government continues to work out terms for the auction. The South American country wants to quickly expand its oil industry and recruit developers to counterbalance an Exxon... Continue Reading →
(Reuters) - Britain's first oil and gas exploration licensing round since 2019 attracted 115 bids, up from 104 in the last round, with the licences likely to be awarded from the second quarter, the North Sea Transition Authority (NSTA) said on Tuesday. Britain's government is looking to boost domestic hydrocarbon output as Europe weans itself... Continue Reading →
Exxon Mobil Corp. is preparing to approve its fifth oil production project in Guyana and is considering taking additional exploration acreage, the head of its Guyanese operations, Alistair Routledge, told Reuters in an interview. The efforts would add significantly to the $30 billion committed thus far by Exxon and Guyana partners Hess Corp and CNOOC... Continue Reading →
UK-headquartered Afentra plc has received approval from the Angolan Ministry of Mineral Resources, Oil and Gas for the acquisition of INA-Industrija Nafte’s interest in two blocks offshore Angola. Afentra is acquiring from INA-Industrija a 4 per cent interest in Block 3/05 and a 4 per cent interest in Block 3/05A, pursuant to a sale and purchase agreement... Continue Reading →
French offshore seismic data company CGG has announced the start of a new Foz do Amazonas 3D seismic reimaging project. This project is meant to support Brazil's Permanent Offer initiative in the Equatorial Margin. Supported by industry funding, the project is expected to complete by the end of 2023. CGG said that the related fast-track... Continue Reading →
Uruguay's state oil company ANCAP has awarded two offshore blocks to Argentina's YPF and a consortium between Shell and APA (ex-Apache). Shell and APA Corporation won the rights to Area OFF-4, where the consortium has committed to conducting 3D seismic acquisition. YPF won the AREA OFF-5 deepwater offshore block. Below is the committed exploratory program... Continue Reading →
(OET) Namibia’s Ministry of Mines and Energy has granted a second one-year extension for the Petroleum Exploration License 87 (PEL 87) located in the Orange Basin. Canada-based Sintana Energy reported on 21 December that Namibia’s Minister of Mines and Energy had granted a second one-year extension to the current, first four-year Initial Exploration Period associated... Continue Reading →
Brazil Energy Insight 