Suriname's oil agency Staatsolie has agreed to award a production sharing contract for offshore Block 59 to a consortium consisting of ExxonMobil, Hess and Statoil under the country's 'Open Door Policy.' Staatsolie has also reached an agreement with Statoil over Block 60…
ExxonMobil has confirmed a new discovery offshore Guyana at the Snoek well, as the supermajor continues its efforts in the area by drilling the Liza-4 well. Image from Exxon. Exxon encountered more than 82ft (25m) of high-quality…
ExxonMobil has awarded TechnipFMC a contract for the engineering, manufacture and delivery of the subsea equipment for the Liza deepwater project. The award scope includes 17 total enhanced vertical deepwater trees and associated tooling…
Saipem has been awarded a new engineering, procurement, construction and installation (EPCI) contract for the subsea umbilicals, risers and flowlines (SURF) package for ExxonMobil's proposed Liza project. Located about 120mi offshore Guyana in 1800m water depth…
Fugro entered a strategic alliance with Ground Structures Engineering Consultants to facilitate training for Guyanese citizens and support local economic development. Image of Charles Ceres from Ground Structures Engineering Consultants…
All eyes may be on Guyana, but there’s plenty of other countries worthy of attention in South America. Audrey Leon surveys the current spike in exploration activity in the region. Image from Anadarko Petroleum’s Q4 Operations Report…
Geoscience firm Spectrum has started a 35,000km multi-client 2D seismic survey covering 435,000km offshore Argentina, in deepwater, in cooperation with YPF and with the authorization of the Ministry of Energy and Minerals. This survey…
ExxonMobil is looking to make a final investment decision on its Liza discovery offshore Guyana this year, with first oil expected by 2020, less than five years since its discovery. In an investor presentation yesterday (1 March), the…
ExxonMobil’s double hit offshore Guyana this week has put the country in the spotlight with expectations of becoming a serious upstream player by early next decade, however, some roadblocks lie ahead, according to Wood Mackenzie. Map of Guyana…
Old and new provinces continue to bring forth new activity in Latin America, from new finds in Guyana to the ongoing pre-salt programs in Brazil. Michael Borrel sets out the detail. Latin America has become increasingly attractive to both local and foreign investors…
Guyana's Ministry of Natural Resources says it is planning to have a new Petroleum Directorate established and functioning within Q1 this year. The move comes as the South American country eyes its first offshore oil production, following…
ExxonMobil has hit gold offshore Guyana with its new ultra deepwater Payara discovery, in addition to upping its ante at the giant Liza field. The Stena Carron, from Stena Drilling. The…
Hess Corp. posted a US$4.9 billion net loss in Q4, as the company moves forward to focus on its developments offshore Thailand and in the Gulf of Mexico, which are expected to contribute significant production and cash flow. The…
Independent explorer Tullow Oil is lining up a string of exploration projects this year, including targeting the 500 MMbo Araku prospect offshore Suriname in 2H this year. Other projects include seismic campaigns in Ghana, Jamaica and Uruguay…
US giant ExxonMobil announced it will start five major offshore projects in 2017-2018, in addition to a Q4 2016 earnings of US$3.7 billion, which took a $2 billion impairment charge from its upstream sector. Image from Exxon…
Subscribe
