News

TotalEnergies announced Monday that it approved the final investment decision (FID) for the Fenix gas development. The Fenix field is located 60 kilometers (km) off the coast of Tierra del Fuego, Southern Argentina. It will be developed through three horizontal wells,...

Guyana’s Ministry of Natural Resources has put out a tender for the provision of marketing services for the country’s share of crude from the Liza Phase 1 and 2 projects. Bidders have until 9:00 am on October 11 to make...

Hess Corporation, which holds a 30% working interest in the Stabroek Block, is positioned to experience one of the fastest growth rates of any large oil company through 2026. Highlighting this was an analysis published by Seeking Alpha, a...

Bp’s new floating oil platform – Torture – was knocked off its mooring lines, drifting some 200 metres away from the COSCO shipyard quayside in Qidong, China as Typhoon Muifa made landfall there. The vessel is being built for bp’s...

TotalEnergies said it acquired a 22.5% stake in the onshore Block 11 from the Ministry of Energy and Minerals of the Sultanate of Oman. The major and its partners, OQ and Shell, signed an Exploration and Production Sharing Agreement (EPSA),...

Ben van Beurden is stepping down from his role as Chief Executive Officer (CEO) at Shell, at the end of the year. Wael Sawan, Shell’s Integrated Gas, Renewables and Energy Solutions Director, has already been tapped to take up the...

TechnipFMC said that TotalEnergies awarded it a significant engineering, procurement, construction, and installation (EPCI) contract for its Lapa North East field in the pre-salt Santos Basin offshore Brazil. The contract is valued somewhere between US$75 million and US$200 million. TechnipFMC will reconfigure and install umbilicals and...

Data from the Guyana government and the Stabroek Block co-venturers (COVs) indicates that costs recovered from oil production have already exceeded the development cost for the Liza Phase 1 project. Following the world-class Liza discovery in 2015, the partners made...

Guyana is set to auction off portions of its offshore oil basin – dubbed the world’s hottest offshore play, before the end of 2022. A map of the Guyana Basin (dated August 17) shows that almost a third of the...

Palliser Capital, a 5% stakeholder in Capricorn Energy, sees the proposed merger with Tullow Oil as a poorly disguised attempt by the latter to take over Capricorn, and urged the board to consider alternatives. But Chief Executive Officer of Tullow...