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(OE) Viridien, formerly CGG, has made a sale of its Marlin vessel monitoring and alert system to ExxonMobil Guyana to support its offshore operations in Guyana. The sale was made through Viridien’s Sensing and Monitoring business line, marketed under the Sercel brand. As part of the wider Sercel Marlin software suite for optimizing offshore operations,... Continue Reading →
(Reuters) - Chevron shareholders on Wednesday re-elected all its 12 board directors, in a sign of support for the oil major at a time when it is caught in the regulatory crosshairs over its $53 billion proposed buyout of oil producer Hess Corp. CEO Michael Wirth said the company was moving ahead on the U.S. Federal... Continue Reading →
(Reuters) - Hess shareholders on Tuesday approved the company's $53 billion merger with No. 2 U.S. oil company Chevron (CVX.N), according to preliminary results of the vote. The merger required a majority vote to approve the deal by a majority of Hess' 308 million shares outstanding to pass. The company did not immediately provide the vote tally.... Continue Reading →
(OilPrice.com) Guyana would welcome U.S. firm Chevron joining the major oil projects that its peer Exxon is currently developing offshore the South American country, Guyana’s President Irfaan Ali has told the Financial Times. Chevron has proposed a multi-billion all-stock transaction to buy U.S. firm Hess, which is a minority partner of Exxon in Guyana’s prolific Stabroek... Continue Reading →
Guyana has turned into a significant contributor to global crude oil supply growth in just a few short years. This is according to data published by the U.S. Energy Information Administration this week that showed Guyana had the third-fastest production growth rate globally, after the United States and Brazil. Between 2019, when oil production began in the... Continue Reading →
Seatrium Limited (Seatrium or the Group) is pleased to announce that it has been awarded a contract by Single Buoy Moorings Inc, a SBM Offshore company, for the topsides fabrication and integration of a Floating Production Storage and Offloading (FPSO) vessel.Mr Marlin Khiew, Executive Vice President, Oil & Gas (Americas) of Seatrium said, "We arehonoured... Continue Reading →
(OE) ExxonMobil and its partners have made an oil discovery at Block 15 offshore Angola, while drilling the exploration well located in the Kizomba B development area. The discovery was made while drilling the Likembe-01 well in Block 15, operated by ExxonMobil, in partnership with Azule Energy, Equinor and Sonangol. Drilled between the months of... Continue Reading →
(OilNow) Øivind Tangen, Chief Executive Officer of SBM Offshore said that the company’s latest award for the Jaguar floating production, storage and offloading (FPSO) vessel is its first to be based on a sale-and-operate model. Jaguar is its fifth for ExxonMobil Guyana. The other orders were based on a lease-and-operate model. In the company’s latest... Continue Reading →
(Reuters) BP reported on Tuesday first-quarter earnings of $2.7 billion, down 40% from a year earlier and missing forecasts due to lower energy prices and a U.S. refinery outage, even as oil and gas production increased. The London-based company held its dividend at 7.27 cents per share and maintained the rate of its share buyback... Continue Reading →
(Reuters) - Shell (SHEL.L), opens new tab reported first-quarter profit of $7.7 billion on Thursday, exceeding expectations as disruption to Red Sea shipping and Russian refining boosted oil trading and liquefied natural gas production rose. The company said it will buy back a further $3.5 billion of its shares over the next three months, at a similar... Continue Reading →
Brazil Energy Insight 