ExxonMobil keeps powering ahead in its offshore Guyana program even as a contract dispute and geopolitical tensions cast a shadow over the oil-rich project. The company made a final investment decision for the Whiptail development, its sixth project on the offshore Stabroek block. It has the necessary approvals in place and the offshore platform is…
Offshore
Articles from Offshore
Trinidad Says European Buyers Giving ‘Serious Interest’ to Venezuelan Natural Gas Project
Trinidad and Tobago (T&T) and its partners have started commercial talks with European buyers to supply natural gas from Venezuela’s Dragon field, according to Prime Minister Keith Rowley. Roughly a month after Shell plc and Trinidad’s National Gas Co. (NGC) formalized a 30-year license agreement with Venezuela’s government, Rowley said T&T has seen “serious European…
SLB Forecasting ‘Durable’ Natural Gas, Oil Activity, with Growth Offshore, Overseas
Exploration and production companies are investing billions to expand their natural gas and oil development in the global offshore, including the U.S. Gulf of Mexico, as Lower 48 activity flattens, SLB Ltd. CEO Olivier Le Peuch said Friday. During the fourth quarter conference call with analysts, Le Peuch said, “the characteristics of breadth, resilience and…
UK’s Harbour Buoying Up Global Natural Gas and Mexico Portfolio with Wintershall Upstream Takeover
Harbour Energy plc joined the dealmaking parade on Thursday, announcing a $11.2 billion “transformational acquisition” of the upstream assets of Germany’s largest natural gas and oil producer, Wintershall Dea AG. Wintershall has gas and oil prospects in Algeria, Argentina, Denmark, Egypt, Germany, Libya, Mexico’s onshore and offshore, and in Norway. Also included in the deal…
Equinor’s Brazilian Natural Gas Development Could Supply 15% of Country’s Demand
Norway’s Equinor ASA is set to develop a massive natural gas project offshore Brazil. The company submitted a declaration of commerciality for the BM-C-33 concession in Brazil’s Campos Basin to oil and gas regulator Agência Nacional de Petróleo, Gás Natural e Biocombustíveis (ANP). The $9 billion Raia Manta and Raia Pintada projects on the deepwater…
Early Start-Up of Woodside’s Shenzi North Bringing More GOM Natural Gas and Oil Ashore
More natural gas and oil output is coming ashore from the deepwater Gulf of Mexico (GOM) as Woodside Energy Group Ltd.’s Shenzi North project ramps up in Green Canyon ahead of schedule. A final investment decision (FID) for Shenzi North, an extension of the Shenzi field, was taken in July 2021, and first output initially…
Israel Agrees to Export More Natural Gas to Egypt, Lifting Potential LNG Supply for Europe
Israel has agreed to send more natural gas to Egypt, potentially stabilizing future LNG exports to Europe as Egypt balances calls for more supply and domestic demand. Israeli Energy Minister Israel Katz said in a post on X, formerly Twitter, that he had signed an agreement with Egypt to allow for additional gas resources from…
Biden Administration Reinstates Macondo Well Blowout Rules, Calls for Protecting Endangered Whales
The Biden administration is taking heat from the energy industry after issuing voluntary recommendations for Gulf of Mexico (GOM) oil and natural gas operators designed to protect an endangered whale species, and for reinstating safety rules enacted following the 2010 Macondo well blowout that killed 11 men. The U.S. Department of Interior on Tuesday revived…
Canada’s Mackenzie Delta Eyed Once Again for Natural Gas, Oil Development
Native-owned Inuvialuit Regional Corporation (IRC) will have a role in project approvals under a new pact with Canadian officials – if natural gas and oil development, as well as pipeline proposals, return to the Mackenzie Delta and Beaufort Sea. The Western Arctic-Tariuq Offshore Accord was clinched between the IRC, the federal government, as well as…
Oilfield Services Firms Growing Revenues in Latin America as International Offshore Expands
The main three oilfield services firms see international exploration and production (E&P) companies increasing activity, in particular in the offshore, and despite a slowdown in North America. They all reported growth in their Latin American businesses. SLB Ltd. CEO Olivier Le Peuch said international offshore would drive the upstream industry through this decade. “Second quarter…