News
ExxonMobil makes “significant” oil, natural gas discovery in prolific Stabroek block offshore Guyana
October 27, 2023
This discovery from the Lancetfish-2 well is the fourth made in 2023 in the country, bringing the total amount of recoverable oil and natural gas resources to 11 billion barrels.
News
October 26, 2023
The project's underwater system has reduced the average well interconnection time by 15%, by incorporating a new solution for installing rigid pipelines, which has contributed directly to the record ramp-up time.
News
October 26, 2023
Guyana’s government has encouraged the joint venture to develop its oil resources “as fast as we can” to earn revenues for the country and its citizens, Hess said.
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October 25, 2023
As part of the development project, the Miros system will be matured and installed with a cloud-based add-on to the monitoring software currently in use offshore Brazil, thereby allowing data to be safely shared with multiple stakeholders in real-time.
News
October 25, 2023
PGS has 2D multiclient data to aid understanding of the areas and evolving plays in the Trinidad and Tobago Shallow Water Competitive Bidding Round 2023.
News
October 24, 2023
Guyana’s oil production is on course to triple to 1 MMbpd by the end of the decade, a rapid expansion for a field that pumped its first barrel at the end of 2019.
News
October 24, 2023
The development of this natural gas reserve in the southern Caribbean has the potential to make a substantial contribution to the country's energy security and support Ecopetrol's ongoing energy transition efforts.
News
October 23, 2023
The surprise move on Oct. 18 allows international companies to apply the full weight of their expertise and technology to crude fields and infrastructure that atrophied amid years or underinvestment, civil turmoil and international isolation.
News
October 23, 2023
Hess’ Bakken assets add another leading U.S. shale position to Chevron’s DJ and Permian basin operations and further strengthen domestic energy security.
News
October 20, 2023
The sanctions relief follows the issuance of the government’s smallest plan in decades for offshore oil and gas leasing during the next five years, Manchin stressed.
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October 19, 2023
That Venezuelan recovery, along with a more vigorous rebound in Iran, has helped moderate futures prices this year and helped to offset some of the impact of curtailments by Saudi Arabia and Russia.
News
October 19, 2023
In a gesture of goodwill after Maduro’s government entered talks with some members of the opposition, the U.S. Treasury Department said Wednesday it issued a six-month license authorizing transactions involving the oil and gas sector in Venezuela.
News
October 15, 2023
Argentina is home to the world’s second-biggest trove of shale gas in Patagonia’s Vaca Muerta, or Dead Cow, formation. CEO Marcelo Mindlin, 59, who founded Pampa Energia SA in 2005 as the country rebounded from financial and economic implosion, wants to unearth as much of it as possible.
News
October 13, 2023
The FPSO will be designed to produce 250,000 boed, will have associated gas treatment capacity of 540 MMcfd and water injection capacity of 300,000 bpd. The FPSO will be spread moored in water depth of about 1,630 m and will be able to store around 2 MMbbl of crude oil.
News
October 04, 2023
It makes “geopolitical sense” for Petrobras to look at expanding into Venezuela and Bolivia because they are neighboring countries with vast potential for oil and gas, Prates said in a televised interview late Monday.
News
October 02, 2023
Brazil’s top environmental agency, Ibama, granted Petrobras the environmental license to research the Potiguar basin, one of five regions in the Equatorial Margin, according to Mines and Energy Minister Alexandre Silveira, following months of stalemate between the state-controlled oil company and the regulator.
News
September 29, 2023
The company will design, engineer, and manufacture 14 kilometers of gas injection riser pipes. TechnipFMC will also supply associated services including packing and storage.
News
September 28, 2023
The Toronto-based company sees its natural gas production rising to 60 MMcfd in the third quarter of 2024 as its Sinu-9 block comes online in the Lower Magdalena basin, according to Chief Financial Officer Jorge Fonseca.
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September 22, 2023
The primary objective is to identify suitable geological formations for carbon storage.
News
September 21, 2023
The concession is located approximately 200 km from Rio de Janeiro, in water depths up to 2900 m. It contains natural gas and oil/condensate recoverable volumes of above 1 Bboe. Lead Image: Copyright, Equinor
News
September 20, 2023
Akselos' digital twin RB-FEA technology is 1000x faster than legacy simulation solutions and allows for limitless scale and accuracy. This will enable the Enauta team to fully integrate the engineering real-time simulation into a real operational life environment.
