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Liza sub-sea contractor gets EPC job for Zinia development

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TechnipFMC has been awarded a contract by Total E&P Angola for the Zinia Phase 2 field development, located offshore Angola at a water depth between 800 and 1,000 meters. The contract covers the Engineering, Procurement and Construction of subsea equipment...
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Venezuela & Trinidad fail to come to agreement on gas supply

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Ministers of Venezuela and Trinidad & Tobago met in Caracas this week in an effort to hammer out a contract to send gas from Venezuela's Dragon Field to Trinidad for conversion into LNG so that it can be shipped...
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Guyana legal team preparing for next submission at ICJ as court considers matter of jurisdiction

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The International Court of Justice (ICJ), as part of a formal process in the first stage of proceedings, will study the question of jurisdiction regarding the Guyana-Venezuela border controversy case currently engaging its attention. The oil-producing nation of Venezuela announced...
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Total in exclusive negotiation alongside EDF for sale of stake in Dunkerque LNG terminal

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Total has decided to enter into an agreement to sell its 9.99% stake in the Dunkerque LNG terminal, as a part of a broader sale process initiated by EDF (65.01%) earlier this year. At the completion of the transactions two...
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Hess sells off interest in Utica shale to help fund Guyana, Bakken projects

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Hess Corporation (NYSE:HES)  announced on Friday that it has entered into an agreement to sell its joint venture interests in the Utica shale play in eastern Ohio to Ascent Resources – Utica, LLC for net cash consideration of approximately $400 million, effective April 1. “We continue to focus our...
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Pence urges Latin American countries to isolate Venezuela

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(Reuters) - U.S. Vice President Mike Pence urged Latin American countries on Thursday to help isolate crisis-stricken Venezuela, an ideological adversary of Washington that is struggling under a severe and prolonged economic crisis. Pence met with Ecuadorean President Lenin Moreno...
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Public consultation on Liza Phase 2 EIA to start soon in Guyana

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ExxonMobil has submitted its draft Environmental Impact Assessment for the Liza Phase 2 development project to the Environmental Protection Agency in Guyana and a series of public consultations on the document is expected get underway by mid-July. “There’s a 60-day...
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Suriname Staatsolie enters production sharing agreement with Carin Energy

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Staatsolie Maatschappij Suriname N.V. and its new partner UK-based Cairn Energy signed a production sharing contract for offshore Block 61 on June 26. Cairn Energy will search for oil in offshore Suriname. In a statement Staatsolie said Cairn will kick-off...
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Guyana could account for 7% of ExxonMobil’s overall production by 2027

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Guyana is becoming increasingly important to ExxonMobil’s portfolio and could account for 7 percent of its overall production by 2027. Tom Ellacott, Senior Vice President, Corporate Research at Wood Mackenzie says the South American country “is really going from strength...
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Guyana oil reserves now exceed 4 billion barrels; daily estimated production to hit 700,000 – Wood Mack

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UK-based industry analyst, Wood Mackenzie, says the most recent oil discovery made by ExxonMobil in Guyana could push daily production to 700,000 barrels of oil per day by 2027 while estimating total recoverable reserves in the Stabroek Block to...
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Offshore Frontier Solutions wins contract for ExxonMobil’s Hammerhead FPSO in Guyana

Offshore Frontier Solutions Pte. Ltd. (OFS), a joint venture between MODEC Inc. and Toyo Engineering Corporation, has secured a...

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