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Monthly Archives: October 2019

Progress in coming weeks critical to early oil production – ExxonMobil

Several factors over the coming weeks will play a critical role in the timetable for production of the first barrel of oil from the...

Extensive logging exercise ongoing at Ranger 2 well

Appraisal drilling and related activities are ongoing at the Stabroek Block offshore Guyana as US oil major ExxonMobil moves to assess several discoveries and...

University of Guyana will play pivotal role in Guyana’s oil future

The discovery of several billion barrels of oil offshore Guyana since 2015 and the start of production, now just months away, have made it...

Technip Energies will be the future name of SpinCo – TechnipFMC

TechnipFMC said on Thursday a new and important step has been taken in the process of launching the leading engineering and construction (E&C) player...

Total sells offshore block to Shell for $300 million

Total said on Wednesday it has signed an agreement to sell its wholly owned subsidiary Total E&P Deep Offshore Borneo BV — which holds...

Guyana oil production targeted for possible December start-up

Oil production in the South American country of Guyana is targeted for a possible December start-up at the Liza Phase 1 Development, months ahead...

Guyana revenue take will increase as oil production climbs

The projected revenues the South American country of Guyana is set to receive from oil production have been steadily growing since approval of the...

The surprising winner of the oil & gas exploration race

(Oil Price) Norway saw the highest number of oil and gas discoveries in the third quarter, with six out of the 38 oil and...

BP eyes Brazil gas buildout, may swap LNG imports for domestic output

(Reuters) BP Plc (BP.L) wants to be part of an effort to build up natural gas infrastructure in Brazil, an executive said on Tuesday,...

Hess strikes oil in deepwater Gulf of Mexico

Hess Corporation (NYSE:HES), a 30 percent co-venturer in Guyana’s Stabroek Block, on Tuesday announced an oil discovery at the Esox-1 exploration well located in Mississippi...