The Latest

Exxon Mobil Completes Purchase of FPSO Offshore Guyana

Exxon Mobil Corp. paid $535 million to SBM Offshore for the FPSO, which will operate the unit through 2033.

DNO, OKEA Trade Prospect Interests in Norwegian Sea

DNO picked up shares in the Mistral prospect of the Norwegian Sea while reducing its stake in the Horatio prospect.

Reliance Exercises Four-Well Option on Transocean Rig

Transocean Ltd. says the 270-day program will contribute about $111 million in backlog.

Petrobras Awards Seadrill Two Drillship Contracts Off Brazil

Seadrill said the West Jupiter and West Tellus contracts both have a three-year duration and will add nearly $1 billion to the company’s backlog.

QatarEnergy Joins Joint Venture Offshore Namibia

QatarEnergy acquired a 27.5% stake in petroleum exploration license 90 offshore Namibia. 

E&P Highlights: Dec. 16, 2024

Here’s a roundup of the latest E&P headlines, including a pair of contracts awarded offshore Brazil, development progress in the Tishomingo Field in Oklahoma and a partnership that will deploy advanced electric simul-frac fleets across the Permian Basin.

Kosmos in Talks to Acquire UK’s Tullow Oil in All-Stock Deal

Kosmos Energy is in early discussions to acquire U.K.-based Tullow Oil in an all-stock transaction, the companies confirmed.

SLB to Manage Construction of Deepwater Wells for Petrobras

SLB will work off nine ultra-deepwater rigs to oversee the construction of deepwater wells as part of the $800 million, three-year deal with Petrobras.

Q&A: Exxon Mobil Pioneers the Permian and Guyana

Liam Mallon, Exxon Mobil’s upstream president, discusses how XOM liquids production has hit a 40-year high on the 25th anniversary of the Exxon-Mobil merger, and plans for the future.

E&P Highlights: Dec. 2, 2024

Here’s a roundup of the latest E&P headlines, including production updates and major offshore contracts.