U.S. oil firm Hess has completed the sale of its interest in the U.S. Gulf of Mexico Shenzi deepwater oil field to BHP for $505 million.The deal, announced in October, sees BHP taking over Hess' 28 percent stake in the six-lease development in the U…
After a string of offshore oil discoveries in Suriname's Block 58 in the past year, U.S. oil firm Apache is lining up another exploration well and is set to award two rig deals for the 2021 drilling program.To remind, the company, with its partner Total…
With ExxonMobil sanctioning its third offshore development in Guyana following the government approval, SBM Offshore has confirmed it has won a contract to deliver an FPSO for the project.Under the contract, SBM Offshore will construct, install…
South America contains some of the largest deepwater oil reserves in the world, with Brazil alone possessing over an estimated 30 billion barrel of oil equivalent (BOE). In Guyana, ExxonMobil has recently made its 18th deepwater discovery, which…
U.S. oil major ExxonMobil has reached a final investment decision on a $9 billion offshore oil development project in Guyana, following the approval by the government.To remind, Reuters last Friday reported that Guyana was close to reaching…
U.S. oil and gas producer Hess Corp reported a bigger-than-expected quarterly loss on Wednesday and slightly lowered its full year production forecast, as its operations were hit by hurricanes in the Gulf of Mexico and lower production in South East Asia…
The United States and Guyana will begin joint maritime patrols aimed at drug interdiction near the South American country’s disputed border with crisis-stricken Venezuela, the U.S. secretary of state and Guyana’s new president said on Friday…
U.S. oil company Hess has agreed to sell its 28 percent interest in the Shenzi field in the deepwater U.S. Gulf of Mexico to BHP for $505 million, and use the cash for Guyana operations.Shenzi, a six-lease development in the U.S. Gulf. is currently operated by BHP with a 44 percent stake…
Oilfield services company TechnipFMC said it has won a large contract to supply subsea equipment for ExxonMobil's Payara development offshore Guyana, following the oil major's FID on the project on Wednesday.Under the contract, TechnipFMC will manufacture and deliver the subsea production system…
Pipeline coatings company Shawcor will deliver thermal insulation and anti-corrosion coating services for the ExxonMobil-operated Payara development offshore Guyana.ExxonMobil, with its partners Hess and CNOOC, sanctioned the development of the Payara oil field earlier this week…
China's Shanghai Waigaoqiao Shipbuilding (SWS) shipyard has delivered another Guyana-bound FPSO hull for the Dutch FPSO specialist SBM Offshore.Following the delivery of the Liza Unity hull in late 2019, SWS on Monday delivered the Liza Prosperity hull…
U.S. oil company ExxonMobil has made an oil discovery at the Redtail-1 well, offshore Guyana. The news of the discovery was shared Tuesday by both Exxon, and Hess, Exxon's partner in the prolific Stabroek Block, This is the U.S. oil major's…
Hess Corp's chief executive on Wednesday said he is optimistic the recently elected government of Guyana will issue by the end of September a production license for the third phase of a major offshore oil project.The South American nation has…
Guyana is close to reaching a deal with Exxon Mobil Corp to approve the company's Payara project, after the company committed to stricter environmental restrictions on gas flaring and wastewater, a top government official said on Friday.Exxon…
Oil and gas project sanctions, especially in the offshore segment, are expected to rebound next year compared to the COVID-19 ravaged 2020, and even exceed the pre-pandemic levels from 2022 onwards, energy market analysts from Rystad Energy have said…
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