ExxonMobil’s Haimara gas field to form anchor for ninth offshore Guyana project

March 30 (oilnow.gy) ExxonMobil Guyana is advancing plans for its next development offshore Guyana, with the Haimara discovery expected to serve as the anchor for the project in the southeast section of the Stabroek Block. Company President Alistair Routledge said at a recent press briefing that the development concept for that area groups discoveries from Longtail through... Continue Reading →

Venezuela opposition leader Maria Corina Machado pushes for energy investment security, transparency

March 24 (Reuters) - Venezuela opposition leader Maria Corina Machado told Reuters on Tuesday ​that early interest in Venezuela's oil sector is positive but she called for more transparency and contract security, including a new oil law, to further increase crude and ‌gas output in the South American country. In January, Venezuela's National Assembly approved... Continue Reading →

US Gov’t, TotalEnergies Strike USD 1 Billion Deal; Company to Invest Reimbursed Offshore Wind Fees in Its Oil & Gas Projects

March 24 (offshoreWIND.biz) The US Department of the Interior (DOI) and TotalEnergies have signed settlement agreements to terminate the company’s two offshore wind leases in the United States, confirming recent reports that a deal was being drafted under which TotalEnergies would be reimbursed USD 928 million (around EUR 806 million) paid in lease fees. Under... Continue Reading →

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