INEOS E&P has completed the acquisition of Hess' subsidiary Hess Denmark for $150 million. Hess will use the proceeds to fund its projects in Guyana.With the acquisition, first announced in March, INEOS has become the owner of 61.5% of the Hess-operated Syd Arne oil field…
U.S. oil major ExxonMobil has spudded the Sapote-1 well on the Canje Block, offshore Guyana. This is the company's third well in the block drilled this year. The first two wells, Bulletwood-1 and Jabillo-1, failed to find evidence of commercial hydrocarbons…
Guyana aims to increase its oil royalties and revamp other contract terms as part of a new profit-sharing agreement (PSA) for future crude and gas projects now in its draft stage, the South American nation's vice president said on Tuesday.The…
ExxonMobil is taking more time to nominate the prospect target for the second exploration well on the Kaieteur Block, offshore Guyana, its partners in the project said.Westmount Energy, an indirect partner in the block on Monday cited Ration Petroleum…
Guyana will develop its massive oil and gas discoveries with full environmental protections, a top official told a U.S. energy conference on Tuesday, pushing back against calls for energy providers to halt new exploration.The tiny South American…
The world's newest oil-producing nations grabbed the spotlight at this week's Offshore Technology Conference with ambitious plans to tap oil and gas discoveries in a race against a global energy transition to lower-carbon fuels.At the conference…
Canadian-based firm Frontera Energy and CGX Energy have started drilling at the Kawa-1 exploration well, offshore Guyana, using Maersk Drilling's Maersk Discoverer semi-submersible drilling rig. Also, the firms have exercised the option to drill a second well with the rig…
Guyana's Natural Resources Ministry said on Monday the country earned nearly $80 million from a July crude cargo sold to an Indian refiner, the highest figure since exports began in early 2020, though an official ruled out a long-term supply deal…
Guyana earned nearly $80 million from the seventh crude cargo allocated to the government from the offshore Liza project, the highest figure since exports began in early 2020, the Ministry of Natural Resources said on Monday.The cargo of 1,047…
Guyana received bids from 15 different companies aiming to market the government's share of the crude produced off the South American country's coast, according to Guyana's National Procurement and Tender Board Administration website on Wednesday…
Rising calls to cut carbon emissions and to reduce global warming could generate more offshore partnerships and increase the output of cleaner oil for Brazil, the production chief of state-controlled Petrobras said in an interview.Brazil oil…
ExxonMobil has hired offshore services firm Oceaneering for the provision of two surveys offshore Guyana, where Exxon has over the past few years discovered around nine billion barrels of oil.Oceaneering will carry out a towed and autonomous…
U.S. oil major ExxonMobil has made another oil discovery at the prolific Stabroek offshore block in Guyana. This adds to around nine billion barrels of oil equivalent discovered over the past few years and paves way for future development.The discovery was made at Whiptail-1 well at the 6…
Oil and gas firms TotalEnergies and Apache Corporation have discovered more oil off the coast of Suriname.The duo has hit oil at the Sapakara South-1 offshore well at Block 58, where they've previously made Maka Central, Sapakara West, Kwaskwasi…
Aberdeen-based software firm ZynQ 360 is set to hire more people on the back of several contract awards in the oil and gas space totalling more than $5 million.ZynQ 360 said Thursday that the contracts would be delivered across the USA, UK, and Western Australia…
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