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(OilNow.gy) ExxonMobil’s Hammerhead development will be a “stand alone” project, according to the summary submitted to Guyana’s Environmental Protection Agency (EPA). Potentially, additional resources can be tapped, if determined to be feasible and economically viable, the document read. The proposed project will be located in the south central portion of the Stabroek Block, 160 kilometers (km) from... Continue Reading →
(Reuters) Exxon Mobil's legal bid to stop Chevron's proposed $53 billion acquisition of Hess rests on whether the transaction would involve a change of control of Hess' prize subsidiary in Guyana, according to people knowledgeable about the argument. The two top U.S. oil producers are in an arbitration battle over the world's largest oil discovery... Continue Reading →
(OE) QatarEnergy has signed an agreement with Chevron to acquire a 20% working interest in a production sharing contract for block 5 offshore Suriname. Pursuant to the signed agreement, Chevron as the operator will retain a 40% interest, while Paradise Oil Company, an affiliate of Suriname’s national oil company Staatsolie, will own the remaining 40%.... Continue Reading →
(OilNow.gy) The oil and gas industry has long underpinned the global economy, with demand growing steadily except during the COVID-19 pandemic. New discoveries and massive oilfield reserves sustain global production, essential for meeting this demand. In May 2024, GlobalData conducted a poll to identify which oil field developments have the best short to medium-term prospects.... Continue Reading →
Petrobras restarted drilling an exploratory well, in the Jubarte field, in a water depth of 967 meters. The new well was given the technical name 4-BRSA-1392DA-ESS. Remember, when the original well is abandoned, operators drill a so-called repeat well, which has the same geological objectives. The technical name of the well is basically the same... Continue Reading →
(Reuters) - Exxon Mobil Corp plans to drill up to 30 wells as part of its seventh oil project in Guyana, named Hammerhead, according to the development plan proposed by the company and disclosed by the government on Monday. The project, which is pending government approval, would start production in 2029, lifting the country's capacity to... Continue Reading →
(Oil Now) Suriname’s shallow water bid round has closed and according to its state oil company, Staatsolie, “several bids” were received. “We would like to thank the companies which have shown their interest,” the Staatsolie said in a recent announcement. The state oil firm is yet to release the companies that submitted bids and for... Continue Reading →
(OE) CIMC Raffles, a subsidiary of CIMC Group, has secured engineering, procurement, and construction (EPC) contracts from Seatrium for the supply of the hulls for two floating production storage and offloading (FPSO) units being built for Brazil’s national oil and gas company Petrobras. With the latest agreement, CIMC Raffles has previously delivered two and is... Continue Reading →
(OE) Oil and gas company Enauta has completed the anchoring of the floating production storage and offloading (FPSO) unit Atlanta at a field in Santos Basin, offshore Brazil. However, the production start from the unit might face delays due to announced strikes by the officials working in public institutions. In June, Enauta completed the anchoring... Continue Reading →
(OE) Corinth Pipeworks has secured a contract from Woodside Energy, the operator of the Trion deepwater field offshore Mexico, to manufacture and supply approximately 118 kilometers of High Frequency Welded (HFW) steel pipes. The Trion field is located in the Perdido Fold Belt in Mexican waters of the Gulf of Mexico. Situated approximately 180km off... Continue Reading →
Brazil Energy Insight 