News
February 21, 2024
A gas-focused development is one of three options being weighed by Exxon for its seventh Guyana project, country manager Alistair Routledge said in an interview in Georgetown Wednesday. The other two are additional oil developments from existing and new discoveries, he said.
News
February 21, 2024
Guyana will restrict oil-related activities to south of that unverified border to avoid inflaming the situation, the official, Natural Resources Minister Vickram Bharrat, said in an interview.
News
February 21, 2024
Vista Energy, a top-three shale-oil producer in Argentina, is eyeing assets put up for sale by Exxon Mobil Corp. as it looks to accelerate growth in the country’s heralded Vaca Muerta formation.
News
February 21, 2024
The integrated well construction services project is set to start in the first half of 2025 and will include drilling services, drill bits, wireline, cementing, wellbore clean up, fishing, remedial tools, fluids, services and geosciences. Baker Hughes will provide these services across three rigs over the course of the multi-year contract.
News
February 20, 2024
ASCO will provide supply base and pipeyard management services for bp Trinidad and Tobago across all 16 offshore location. bp has operated in the area since 1961, and is the country’s largest oil and gas producer, accounting for more than half of the nation’s gas production.
News
February 20, 2024
Exxon is “very focused on executing our operations within our defined contract area,” upstream president Liam Mallon said in an interview with Bloomberg TV. The Texas oil giant now produces about 645,000 bpd from Guyanese waters, up from nothing five years ago.
News
February 19, 2024
Ali’s plans are in addition to a $1 billion gas-to-shore pipeline project for domestic power generation that is scheduled to be complete by the fourth quarter of this year, Ali said. The project will provide 50 MMcfdg in the first phase before ramping up to 120 Mmcfd.
News
February 14, 2024
DeepOcean will plan and execute a wide range of subsea activities, including subsea construction and jumper installations as well as subsea IMR work, at ExxonMobil Guyana’s operations at the Stabroek Block, located approximately 120 m offshore Guyana.
News
February 13, 2024
The drilling of the wells will be executed with a jack-up drilling rig which will be temporarily located next to the Fénix platform. First gas production is envisaged in November 2024.
News
February 09, 2024
The seven wells Exxon plans to drill are at least 100 km (62 miles) away from Venezuela’s claimed territory, Routledge said. Five are in the south-east portion of the Stabroek Block, closer to Suriname, while two are in the central section, he said.
News
February 08, 2024
The oil giant said it will drill new wells west of the Liza discovery and close to Venezuelan territorial waters, Exxon Guyana President Alistair Routledge told Demerara Waves. The dispute is “not inhibiting that activity in our plans,” he said.
News
February 08, 2024
The assets YPF plans to sell are mainly aging oil fields across Patagonia that are less profitable than the crown jewel of its portfolio, shale patch Vaca Muerta, the official said.
News
February 07, 2024
The oil giant will drill the exploration wells west of the Liza field, which is producing oil, and closer to the border with Venezuela, Exxon Guyana President Alistair Routledge told Demerara Waves. The dispute is “not inhibiting that activity in our plans,” he said.
News
February 06, 2024
Oil and gas firms and contractors fear their nascent deals for everything from imports of new construction equipment to their connections with U.S. banks will break off if Maduro’s ban of opposition candidates in this year’s election prompts the U.S. to allow a six-month suspension on sanctions to expire in April.
News
February 05, 2024
Electromagnetic Geoservices ASA (“EMGS”) has been awarded a contract from Petrobras for a fully prefunded multi-client survey offshore Brazil. The survey is expected to start late March or early April 2024. The total contract value is approximately $11.7 million.
News
February 04, 2024
Tension began rising again in 2015, when U.S. giant Exxon Mobil Corp. discovered massive oil reserves off the Guyanese coast. They flared up last year after Venezuelan leader Nicolas Maduro held a referendum that purportedly showed overwhelming support for his nation’s push to take control of the Essequibo.
News
February 01, 2024
Wood will continue to provide maintenance solutions to optimize the Peregrino wellhead platforms and floating production storage and offloading (FPSO) unit, delivering engineering, prefabrication and outfitting, offshore installation, commissioning and Turnaround (TAR) support.
News
February 01, 2024
Oil and gas proved reserves at Dec.31, 2023 were 1.37 Bboe, compared with 1.26 Bboe at Dec. 31, 2022. Proved reserve additions and net revisions in 2023 totaled 261 MMboe, primarily from Guyana, which included sanctioning of the Uaru development, and from the Bakken.
News
January 30, 2024
While it’s unclear whether the U.S. would restore a total ban or allow oil major Chevron Corp to hold limited operations in Venezuela, production could nevertheless drop to 600,000 or 700,000 bpd in a matter of months, according to said Fernando Ferreira, director of geopolitical risk at Rapidan Energy Advisors.
News
January 30, 2024
SLB digital technologies for surface automation, autonomous on-bottom drilling, and directional drilling were combined to enable 99% of a 2.6 km section to be drilled in autonomous control mode. Over a five-well program, a 60% increase in rate of penetration was achieved, resulting in faster well delivery while reducing cost and carbon emissions.
News
January 29, 2024
The U.S. will allow a six-month suspension on sanctions to expire in April if opposition candidate María Corina Machado is barred from running, and is also considering additional measures, according to the officials, who asked not to be identified discussing private deliberations.
