News

Stabroek Block operator, Esso Exploration & Production Guyana Limited (EEPGL), plans to put in place a contract for the provision of managed warehouse facility and services as its operations expand in the South American nation.  In a public request for...

Chinese shipyard, Shanghai Waigaoqiao Shipbuilding Co., Ltd. (SWS), said it completed and delivered the fourth generic Fast4ward® Multi Purpose Floater (MPF4) Hull to SBM Offshore on April 5.   MPF4 adopted SBM Offshore’s proprietary generic hull design following the previous three...

Eni, in partnership with PetroCi, celebrated the sail away of the Firenze floating production, storage and offloading (FPSO) vessel to the Baleine field offshore Côte d'Ivoire in Dubai. The largest hydrocarbon discovery in the country was made at Baleine. The...

Recent Securities and Exchange Commission (SEC) 8-K filings by supermajor ExxonMobil shows a dip in its first quarter profits, which the company said it attributed to drop in oil and gas prices.  Operating results could drop to around US$9.6 billion,...

Halliburton announced Wednesday that Repsol implemented the Halliburton Landmark DecisionSpace® 365 Well Construction Suite as its preferred digital solution to automate and streamline its well design process. Halliburton said the deployment provides scalability, flexibility, integration, and third-party collaboration and...

QatarEnergy has entered into an agreement with Shell to acquire a 40% working interest in the C-10 block located offshore Mauritania. Pursuant to the terms of the agreement, and subject to customary approvals by the government of Mauritania, QatarEnergy will...

After a third dud, ExxonMobil has abandoned current drilling efforts in Brazil’s deepwater acreage, according to a Wall Street Journal report.  WSJ’s sources indicate that Exxon has shifted geologists and engineers from Rio de Janeiro to its other prospects in...

ExxonMobil Guyana has issued a notice to suppliers that it will host a Request for Information (RFI) clarification forum for those who may be interested in participating in recent RFIs. The forum is scheduled for April 17 at the...

Vice President Dr. Bharrat Jagdeo said that Guyana is not going to lose a cent in the audit of ExxonMobil’s 1999-2017 Stabroek Block costs - the first such review to verify Exxon’s cost claims.  His comments were made during a...

ExxonMobil’s Low Carbon business could garner trillions in revenue that could potentially see it outgrowing oil, a decade from now, said its Chief Executive Officer (CEO) Darren Woods. Woods told Wall Street investors that the supermajor is targeting what should...