A French court has rejected an urgent request by environmental groups including Greenpeace and Surfrider Foundation Europe to deny oil and gas major Total permission to proceed with plans to drill off the coast of French Guyana.The environmental…
Canadian oil and gas exploration company CGX Energy and compatriot petroleum exploration and production company Frontera Energy have executed a farm-in joint venture agreement covering CGX’s two shallow water offshore Petroleum Prospecting Licenses in Guyana…
Seismic research vessels hired by Exxon Mobil to explore for oil off Guyana's coast have not returned to the site of a December incident with Venezuela's navy, but they may in the future, Guyana's foreign minister said on Thursday.Guyana, with no history of oil production…
Oil and gas producer Hess Corp's fourth-quarter production beat Wall Street estimates on Wednesday, driven by higher output from the Bakken shale region and the Gulf of Mexico.Total production for the quarter ended Dec. 31, excluding its Libyan operations…
Floating production storage and offloading vessels (FPSO) are by far the most popular type of floating production system, accounting for two thirds of the oil and gas production floaters in service or available.Growth in FPSO inventoryThe number…
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 favor of areas known to contain commercial levels of oil or gas.The French major aims to drill 23 wells this year…
Exxon Mobil Corp said on Wednesday its oil drilling and development activities offshore Guyana were unaffected despite neighboring Venezuela's navy stopping two seismic survey vessels the company had hired.The closest of 10 oil finds Exxon has…
China's state-owned offshore oil and gas producer CNOOC Ltd said it is confident of achieving its spending target this year, the highest since 2014, as its responds to a call to build up the nation's petroleum output and reserves.The company plans to spend 70 billion to 80 billion yuan ($10…
Norwegian seismic player Petroleum Geo-Services ASA (PGS) updated on changes of the contract for the 3D survey in South America announced November 14, 2018.The vessels Ramform Atlas and Ramform Tethys mobilized early December 2018 for this survey…
Total invited environmental activists on Tuesday to visit a planned offshore drilling site in French Guyana and said the project would not endanger coral reefs in the region.The firm said it was ready to start exploration around 150 km (93 miles)…
Rowan Companies plc announced that the Ralph Coffman, a 240-C Class harsh environment jack-up rig, has been awarded a one-well contract from CGX Resources in Guyana for an estimated duration of 60 days. The contract is expected to commence in the second quarter of 2019…
U.S. major ExxonMobil has made its 10th discovery offshore Guyana and increased its estimate of the discovered recoverable resource for the Stabroek Block to more than 5 billion oil-equivalent barrels, reinforcing potential for at least five floating storage…
U.S. producer Hess Corp said on Wednesday it expects oil and gas output to grow more than 10 percent a year compounded through 2025, citing higher growth opportunities at its Bakken shale and offshore Guyana projects.The company projects higher…
The oil and gas exploration company with licences in highly prospective regions in Guyana and Namibia, Eco Atlantic Oil & Gas announced its drilling plans for 2019 on the Orinduik Block, offshore Guyana.The Canadian company has confirmed that…
American global independent energy company Hess Corporation announced a tenth discovery offshore Guyana at the Pluma-1 well on the Stabroek Block.The company engaged in the exploration and production of crude oil and natural gas said that as…
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