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(OM) APA Corp. has issued a brief update on its offshore E&P operations in its latest results statement. The company and partner/operator TotalEnergies plan further appraisal of the Krabdagu Field offshore Suriname after completing two flow tests on the discovery well. APA and its partners are drilling further on exploration wells on Block 58 (Dikkop) and... Continue Reading →
Energy intelligence group Westwood is seeing a rebound in high-impact exploration this year with expectations for it to pick up in the second half and deliver up to 90 wells by year’s end, the highest level since 2019. In a report on Wednesday, Westwood said that 38 high-impact exploration wells were drilled in the first half of 2022, similar... Continue Reading →
Rystad Energy, an energy intelligence group, has revealed that Guyana’s burgeoning offshore oil and gas industry is poised to enter the big league with revenues set to break the $1 billion mark in 2022 and see a significant annual acceleration in 2030. This boost in revenue is powered by the Stabroek block, according to Rystad Energy’s research,... Continue Reading →
(Rigzone) In the coming years, upstream capex in Latin America will shift into deeper and deeper water with Brazil, Guyana, and Mexico likely to lead the charge for new spending, Rystad Energy said. While onshore investments stabilized at around $14 billion and shallow water spending continues to decline, deepwater expenditure is projected to grow at... Continue Reading →
After curbed spending over the past two years, the oil and gas (O&G) sector is primed to get back into the game with high investments, putting contractors into a buoyant mode as the five-year offshore engineering, procurement, and construction (EPC) spend is expected to total $276 billion, outlined Westwood Global Energy, an energy market research and... Continue Reading →
Enauta started the scheduled shutdown of the Atlanta field, in the Santos basin. The expectation is that the operation of the field will be resumed in August. During the stoppage of production of the asset, the company intends to carry out a series of activities to meet the regulatory requirements of the Ministry of Labor.... Continue Reading →
(Reuters) - Suriname's state-run oil company Staatsolie is getting ready to offer for auction 60% of the country's offshore blocks, which remain unawarded, in the coming year, starting with a deepwater round in the fourth quarter, the firm's vice president told Reuters on Wednesday. The company, in partnership with Shell (SHEL.L), APA Corp and TotalEnergies ,... Continue Reading →
Houston-based APA Corporation on Tuesday announced its joint venture with France's TotalEnergies has made an oil discovery at the Krabdagu exploration well off the coast of Suriname. APA has a 50% working interest in Block 58 where the oil discovery was made, with TotalEnergies the operator and the holder of the remaining stake. Flow test... Continue Reading →
Global energy supermajor ExxonMobil and its partners Hess and CNOOC have made an astonishing number of high-quality oil discoveries in offshore Guyana. In April 2022 Exxon announced that it made three more discoveries in the 6.6-million-acre Stabroek Block, where it is the operator holding a 45% interest with 30% owned by Hess and the remaining 25% held... Continue Reading →
Houston-based APA Corporation has encountered water-bearing reservoirs at its latest exploration well in waters offshore Suriname and is now mobilising to drill its next well in the same block. APA Corporation on Monday provided results from recent drilling operations on Suriname Block 53. APA Suriname, the operator, holds a 45 per cent working interest in the... Continue Reading →
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