Brought to you by Quest Offshore & Southern Cone Consultants
Sept 24 (Reuters) - BP is weighing a potential acquisition of Devon Energy's operations in South Texas as part of renewed efforts by the British supermajor to grow its shale asset base in the US, people familiar with the matter said. After years of prioritizing investments in renewable energy and leadership churn that included five... Continue Reading →
Sept 25 (Reuters) - TotalEnergies said on Friday its board unanimously backed the renewal of Chairman and CEO Patrick Pouyanne's mandate and reaffirmed the relevance of the energy major's strategy ahead of its investor update scheduled for Monday. In May, investors had overwhelmingly approved lifting the age limits for its chair and CEO roles, paving... Continue Reading →
Sept 23 (Reuters) - British energy major Shell and Trinidad and Tobago's National Gas Company have agreed terms for natural gas supplies from Shell's Aphrodite field, ending a pricing dispute that had delayed the project, NGC Chairman Gerald Ramdeen told Reuters on Wednesday. The agreement clears the way for development of the offshore field, with... Continue Reading →
Sept. 22 (oilnow.gy) Production from Guyana’s Yellowtail development in the Stabroek Block is expected to ramp up further before year-end, with ExxonMobil studying an optimization that could lift output from the ONE GUYANA floating production, storage and offloading (FPSO) vessel to around 290,000 barrels per day (b/d). The move to increase Yellowtail’s production by about... Continue Reading →
Sept 21 (Reuters) - Halliburton has signed memorandums of understanding with Brazilian energy company Eneva and WESCA to pursue oil and gas development opportunities in Venezuela, the U.S. oilfield services provider said on Monday, as companies seek a potential revival of investment in the country's long-underdeveloped energy sector Companies with existing positions in Venezuela, as... Continue Reading →
Sept. 21 (oilnow.gy) Guyana’s first competitive offshore licensing round attracted global energy companies and tested stronger fiscal terms. However, the government will need to improve the speed, certainty, and data supporting the process before offering more blocks. The government has indicated an interest in another licensing round as it seeks to widen exploration beyond the... Continue Reading →
Sept 19 (Reuters) - French energy company TotalEnergies and its partners in the $12 billion GranMorgu offshore oil and gas project in Suriname are on track to inaugurate output in mid-2028, the head of state-run Staatsolie, Annand Jagesar, said on Saturday during a tour to oversee the development's progress. "Together, we are not only developing... Continue Reading →
Sept.18 (oilnow.gy) Indonesia’s state-owned energy company PT Pertamina is exploring upstream oil and gas investments in Guyana and Suriname to secure more reliable energy sources. Indonesia’s Ministry of Foreign Affairs confirmed that the company has started preliminary discussions on exploration and investment opportunities in the two South American countries. Indonesian state news agency ANTARA News... Continue Reading →
Sept. 16 (oilprice.com) Argentina's controversial right-wing president, Javier Milei, slashed inflation with a brutal dose of economic austerity, but this came at a steep social cost. The cost of living is spiraling higher, fueling household debt, loan delinquencies, and economic hardship. Industrial output, since Milei took office, has declined sharply, with local companies closing at... Continue Reading →
Sept. 14 (OE) Saipem has been awarded a contract worth about $350 million for subsea work on Azule Energy's West Hub Tails oil project offshore Angola, part of the wider Agogo Integrated West Hub Development. The project is located about 180 kilometers offshore Angola in water depths of up to 1,750 meters. Under the contract... Continue Reading →
