ExxonMobil’s scheduled shutdown of the Liza Destiny and Liza Unity floating production, storage and offloading (FPSO) vessels to facilitate the Gas-to-Energy project pipeline hookup will occur sometime in July-August.
Country President, Alistair Routledge disclosed same at an April 30 press...
QatarEnergy said it signed an agreement with China State Shipbuilding Corporation (CSSC) for construction of 18 ultra-modern QC-Max size liquefied natural gas (LNG) vessels, a major boost in its LNG fleet expansion program.
The new vessels, with a capacity of...
ExxonMobil said in its 2024 first-quarter earnings report that excellence in project execution and operations was demonstrated when the Payara project safely reached its nameplate production target of 220,000 barrels per day (b/d) in January.
Dutch floater specialist, SBM Offshore,...
ExxonMobil Guyana announced plans to establish enabling agreements for the provision and operation of platform supply vessels (PSV) and fast supply vessels (FSV) in Guyana waters.
The company’s Request for Information (RFI) indicates the vessels need to be delivered by...
China’s CNOOC reported a total net production of 180.1 million barrels of oil equivalent (boe) in the first quarter of 2024. It said the year-on-year (YoY) increase of 9.9% was driven by output in China, Canada and Guyana.
Its net...
ExxonMobil’s Chief Executive Officer (CEO) and Chairman of the Board, Darren Woods, hailed Guyana’s oil story as one that will be well remembered in the history of the oil and gas sector. “I believe Guyana will go down as...
Hess Corporation requested that an arbitration tribunal hear the merits of its dispute with ExxonMobil and CNOOC in the third quarter, with a view of having an outcome in the fourth quarter. This was reported by Mike Wirth, Chief...
Hess Corporation said exploration activities are planned this year for two Suriname blocks in which it holds stakes - Block 42 and Block 59.
The note is part of the company’s annual report filed with the U.S. Securities and Exchange...
Growing oil production offshore Guyana is taking even more prominence in the portfolios of the Stabroek Block co-venturers, with Hess’ net Guyana production now being on par with output at its traditionally leading Bakken Shale operations in North Dakota.
The...
In a climate of escalating offshore rig dayrates, energy companies are increasingly considering ownership as a strategy to control costs and ensure availability, according to insights from Westwood Global Energy Group.
As of December 31, 2023, the cost to rent...
