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Oct 16 (Reuters) - Guyana's Vice President said on Thursday the country will not take any possible gas development off the negotiation table, including Exxon Mobil's future offshore projects. Exxon's eighth project, Longtail, is expected to be the first to develop non-associated gas in Guyana, and two more discoveries, Haimara and Pluma, could follow. An Exxon... Continue Reading →
Oct. 14 (Reuters) Oil production by a consortium led by Exxon Mobil in Guyana rose to 770,000 barrels per day (bpd) following the start-up of the group's fourth floating output facility, the company's chief for the South American country said on Monday. Average production by The Exxon group, which controls all crude and gas production... Continue Reading →
Oct.10 (offshore-energy.biz) Chevron Suriname Exploration, a subsidiary of U.S.-based energy giant Chevron, is preparing to embark on drilling activities off the coast of Suriname with a rig owned by Noble Corporation, an American offshore drilling giant. Chevron is set to drill the Korikori-1 exploration well this month, after receiving a permit for the drilling operations at the... Continue Reading →
Oct. 9 (Reuters) The U.S. government has granted an authorization for energy major Shell and Trinidad and Tobago to develop an offshore gas field in Venezuela close to the maritime border, Trinidad's attorney general said on Thursday. The prominent project, aimed to supply Trinidad with Venezuelan gas, has progressed slowly in recent years amid frequent... Continue Reading →
Oct. 8 (offshore-energy.biz) London-headquartered energy services provider Hunting has begun the delivery of oil country tubular goods (OCTG) accessories to support deepwater drilling operations offshore Guyana, described by the company as a strategically important energy region. Hunting secured the $20 million contract early this year through a “global oilfield service company”, supporting what it says is... Continue Reading →
Oct 7 (Reuters) - Drilling and fracking activity in Argentina's Vaca Muerta, the world's fourth-largest unconventional oil reserve, is plateauing due to lower oil prices and rising costs, a slowdown that could complicate the political agenda of libertarian President Javier Milei. The huge Vaca Muerta formation in western Argentina accounts for 64% of the country's... Continue Reading →
Oct. 7 (OE) Portugal’s Galp has reached a farm-in agreement with KE STP Company, a Shell affiliate, for the acquisition of a 27.5% stake in São Tomé and Príncipe’s Block 4, forming a joint venture with Shell, Petrobras and ANP-STP. With the agreement, Galp expands its presence offshore São Tomé and Príncipe, entering another early-stage... Continue Reading →
Oct. 6 - MODEC has held a first steel-cutting ceremony for the Gato do Mato floating production, storage and offloading (FPSO) unit, which will be deployed at Shell’s field offshore Brazil. The ceremony was held at the COSCO Qidong Shipyard, marking the start of construction of the the aft block of next-generation hull for the... Continue Reading →
Oct. 1 (OE) Saipem has completed the first complex subsea structure ever built in Guyana, set for deployment at ExxonMobil’s Uaru field, marking a key milestone in the development of the Country's industrial capabilities in the subsea sector. This is the Pipeline End Termination (PLET), a terminal structure installed at the end of a subsea... Continue Reading →
Sept. 30 (oilprice) Recently, the International Energy Agency (IEA) identified Brazil as a key non-OPEC oil producer responsible for driving global production growth. A swathe of world-class ultra-deepwater pre-salt oil discoveries, the first made in the Lula field during 2006, are driving a massive offshore oil boom. Not only is Brazil Latin America’s largest oil producer, but the... Continue Reading →
