Scotland-based oil and gas company Cairn Energy has announced plans to change its company name from Cairn Energy to Capricorn Energy. The change is expected to take effect from December 13, 2021. The LSE stock ticker will remain as CNE.'This…
Dutch offshore survey services firm Fugro said Monday it had completed fieldwork on a site investigation program at TotalEnergies' Block 58 offshore Suriname.The project sits approximately 150 km offshore in water depths ranging from 60 m to…
U.S. oil major ExxonMobil has awarded Norwegian offshore seismic data acquisition firm PGS a contract for a 3D survey offshore Suriname.PGS' 104.2 meters long Ramform Tethys seismic vessel is scheduled to start the acquisition during the fourth quarter of 2021…
TotalEnergies' Keskesi South-1 appraisal well in the Block 58 offshore Suriname has encountered non-commercial quantities of hydrocarbons and the well has been plugged and abandoned.The news was shared on Wednesday by APA Corporation, TotalEnergies' 50 percent partner in the offshore block…
Offshore drilling in Guyana, mainly by ExxonMobil, has in the past years unearthed more than 9 billion barrels of oil equivalent, making Guyana a place to be when it comes to deepwater exploration, and as of December 2019, production, with multiple FPSOs planned for deployment in the coming years…
Guyana awarded a unit of Saudi Aramco a tender to purchase a portion of the country's oil production, and the two parties will likely enter into a one-year marketing deal, an official said on Tuesday.The South American country last month received…
French energy giant TotalEnergies has exercised an option for the extended use of one of Maersk Drilling's offshore drilling rigs in Suriname.TotalEnergies, which became the operator of the prolific Block 58 in January where it has in the past year with partner Apache struck several oil discoveries…
Guyana's economy is expected to expand by 500% by 2030 as companies continue to plumb its offshore oil and gas reserves, a government official said on Wednesday.The small South American country has become one of the world's oil exploration hotspots…
Guyana and Suriname expect continued exploratory drilling over the next two years by oil majors in their joint offshore basin after a string of recent discoveries, government officials and corporate executives said at a conference on Wednesday…
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…
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…
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…
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…
France's TotalEnergies confirmed Friday it had with its partner Qatar Petroleum been awarded Block 6 and Block 8 in the Suriname SHO Bid Round 2020/2021. TotalEnergies will operate the two shallow-water blocks, with depths between 30 meters and 50 meters…
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…
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