News

SLB (formerly Schlumberger) said it brokered a long-term strategic collaboration agreement between Equinor ASA and the Subsea Integration Alliance, comprising OneSubsea™ and Subsea7. The pact was signed in Stavanger, Norway.  The agreement kickstarts exploratory efforts on two ventures: the Wisting...

ExxonMobil is set to relinquish 20% of the 6.6-million-acre Stabroek Block in October, as required by its petroleum agreement with the government.  Alistair Routledge, President of ExxonMobil Guyana, affirmed the company will relinquish acreage to the government, in an April...

ExxonMobil said it completed its acquisition of Pioneer Natural Resources, in a May 3 release. The largest deal for the oil major since the merger of Exxon and Mobil was valued at US$59.5 billion, Exxon had said in its October...

The Noble Voyager drillship has commenced drilling at the Sloanea-2 well at Block 52, Staatsolie told OilNOW. This follows the completion of drilling operations at the Fusaea-1 well.  Petronas has opted to extend its contract with Noble Corporation for the Voyager...

ExxonMobil will release a report on the 2023 financial results of its Guyana affiliate in a month, its Guyana President Alistair Routledge said during an April 30 press conference.  They were initially expected in April. Phillip Rietema, ExxonMobil Guyana’s Chief Financial...

Guyana’s repayment for the US$1 billion invested in the Gas-to-Energy project does not start until it is commissioned. ExxonMobil Guyana President, Alistair Routledge, made this point during an April 30 press briefing. Reports in a section of the media had...

The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has initiated its 2024 Licensing Round, unveiling an array of oil exploration opportunities.  According to the NUPRC, this latest offering comprises 12 new oil blocks and seven deep offshore assets carried over from...

The arrival of a capping stack in Guyana is imminent, ExxonMobil Guyana President, Alistair Routledge said. The government mandated that the company have one in-country in case of a large spill. “We did commit to purchasing one that will...

Touchstone Exploration announced its acquisition of Trinity Exploration and Production, a May 1 release from the Trinidad and Tobago Energy Chamber outlined. The agreement entails Touchstone acquiring all issued and to-be-issued ordinary share capital of Trinity in an all-share...

ExxonMobil Guyana President, Alistair Routledge said during an April 30 press conference that the company’s reserves estimate for the Stabroek Block has not changed much beyond the 11 billion barrels stated in 2022.  The company made 10 more discoveries after...