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ExxonMobil gunning for more oil at Yellowtail as Guyana foray continues

Twelve discoveries and more than 5 billion barrels of oil later, US oil major ExxonMobil’s story in Guyana is still being written and analysts believe that more oil lay in the chapters ahead. Fresh off of its 11th and 12th...

TechnipFMC awarded large EPCI contract for Petrobras Mero 1 pre-salt field in Brazil

TechnipFMC (NYSE: FTI) (PARIS: FTI) said on Wednesday it has been awarded a large engineering, procurement, construction and installation (EPCI) contract for the Mero 1 pre-salt field, located in the Santos Basin, at 2,100 meters of water depth offshore...

WoodMac expects ‘billion-barrel scale volumes’ from Guyana, Mexico and Brazil

After a difficult few years, the exploration sector is back in the black – and keen to stay there. New analysis from Wood Mackenzie shows that explorers’ success in 2018 reflects a disciplined approach that’s set to continue this...

Anadarko, CNOOC strike Mozambique LNG Deal

Anadarko Petroleum Corporation said on Friday that it has signed a long term agreement with the trading division of China's state-owned offshore oil and gas producer CNOOC Ltd to supply liquefied natural gas (LNG) from Mozambique. According to an article...

Guyana investment pushes ExxonMobil at top of the pack for 2018 O&G explorers – Rystad Energy

Driven by its significant investment in Guyana, ExxonMobil is leader of the pack among the top oil and gas explorers of 2018, according to Rystad Energy’s annual exploration review. “ExxonMobil was exceptional, both in terms of discovered volumes and value...

ExxonMobil simplifying upstream activities to realise growth plans

As it looks to support plans to double operating cash flow and earnings by 2025, Exxon Mobil Corporation on Thursday announced that it will streamline its upstream organization and centralize project delivery across the company. ExxonMobil is leading the charge in Guyana...

Guyana among targets for oil major Total as company plans biggest exploration drive in years

Total is launching its biggest exploration campaign for years in 2019 as part of a turnaround plan that is ditching the company’s focus on risky long-shots in favour of areas known to contain commercial levels of oil or gas. The...

CNOOC Limited makes discovery in UK North Sea

CNOOC Limited on Monday announced a new discovery on the Glengorm prospect, located in offshore UK Central North Sea. “The Glengorm discovery is located in License P2215 with a water depth of approximately 86 meters. The exploration well Glengorm was...

3rd batch of subsea pipes for Liza Phase 1 expected within weeks – Saipem

The third batch of sub-sea pipes for the Liza Phase 1 Development Project is expected to arrive in Guyana within weeks as work intensifies ahead of first oil in the South American country. Speaking to OilNOW on Thursday at the...

CNOOC plans 173 new wells in 2019; targets almost 500 million boe

CNOOC Limited on Wednesday announced that the company's net production target for 2019 is 480 million to 490 million barrels of oil equivalent (BOE), of which, production from China and overseas, accounts for approximately 63% and 37%, respectively. “The Company's...

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Exxon-led group recovers over US$35.9 billion in costs from Guyana oil projects

ExxonMobil and its partners Chevron (formerly Hess) and CNOOC have recovered approximately US$35.9 billion in exploration, development and other...