An Exxon Mobil-led oil consortium will need to decide by October whether it will go ahead and develop a large natural gas find off the coast of Guyana, the country's vice president said on Thursday.The government has been pressing for a bonanza…
Hess shareholders on Tuesday approved the company's $53 billion merger with No. 2 U.S. oil company Chevron, according to preliminary results of the vote.The merger required a majority vote to approve the deal by a majority of Hess' 308 million shares outstanding to pass…
President Luiz Inacio Lula da Silva on Wednesday threw his weight behind a push by state-run oil company Petrobras to explore the environmentally sensitive offshore Equatorial Margin, saying Brazil cannot give up such an opportunity.The offshore…
France-based tubular solutions supplier for the energy market Vallourec has secured an order from ExxonMobil for the supply of line pipe for the Whiptail development, offshore Guyana.This is the fourth major order in the framework of the long-term agreement signed in 2021 with ExxonMobil Guyana…
Eco (Atlantic) Oil & Gas has started the farm-in process into Block 1 offshore South Africa Orange Basin, while confirming it is relinquishing its 50% working interest operated offshore Block 2B in South Africa.Through its 100% owned subsidiary Azinam South Africa Limited…
Seatrium has been awarded a contract by Single Buoy Moorings Inc, a SBM Offshore company, for the topsides fabrication and integration of an FPSO.Seatrium’s scope of work includes the fabrication of several topsides modules, riser, mooring and umbilical structures…
Oilfield services company TechnipFMC has secured a ‘large contract’ from ExxonMobil to supply subsea production systems for the Whiptail development in Guyana’s Stabroek block.TechnipFMC will provide project management, engineering, and manufacturing…
Petrobras' new chief executive said a basin in Brazil's Equatorial Margin, an environmentally sensitive offshore prospect seen as the country's most promising frontier for oil exploration, was a matter of 'national interest.'Magda Chambriard…
Hess Corp on Thursday reported first-quarter earnings well above analysts' forecasts, driven by a 28% increase in Guyana oil output, a sign Exxon Mobil's results out Friday could also top forecasts.Last October, Hess agreed to sell itself to Chevron for $53 billion in stock…
Thermoplastic composite pipe (TCP) technology company Strohm has secured a contract from ExxonMobil for the supply of pipes for the Whiptail project, offshore Guyana.This brings the project count for the Netherlands-based manufacturer to three for ExxonMobil Guyana…
The ABS-classed Liza Unity has received the first REMOTE-CON notation for an floating production storage and offloading (FPSO) from ABS. The notation demonstrates the vessel’s alignment with remote-control functions and signifies that the design…
Exxon Mobil Corp will shut down two offshore oil production projects in Guyana for two weeks each, between July and August, to connect a natural gas pipeline, the company's country head Alistair Routledge told reporters in Georgetown on Tuesday…
Oil producer Hess on Tuesday said it is currently facing three lawsuits alleging inadequate disclosures over its proposed sale to Chevron.Chevron last October offered to acquire Hess in a move to gain a foothold in oil-rich Guyana's lucrative offshore fields…
U.S. energy major Exxon Mobil's arbitration case that could block Chevron's purchase of Hess will extend into 2025, Exxon CEO Darren Woods said in an interview on CNBC on Monday, ahead of a coming vote by Hess shareholders on the deal.Exxon…
An Exxon Mobil led oil consortium has achieved peak production of 252,000 barrels per day from its Liza Unity production vessel, Exxon Guyana Country Manager Alistair Routledge said on Wednesday.The consortium, which includes Exxon, Hess and CNOOC…
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