Hess CEO Says Energy Transition Will ‘Take Time, Cost a Lot of Money’
As the world transitions toward a low-carbon future, oil and gas companies must invest in high-return, low-cost opportunities, said John Hess, CEO of U.S oil major Hess Corp.
Exxon Mobil Expands Offshore Guyana Resource with New Pinktail Oil Find
Exxon Mobil also announced the Liza Unity FPSO vessel to be utilized for the Liza Phase 2 development set sail from Singapore to Guyana in early September.
Eni Makes Giant Oil Discovery Offshore Ivory Coast
Eni is one of Africa’s biggest foreign oil and gas producers with prize assets in Libya, Nigeria and Angola. It is developing two bumper gas discoveries in Mozambique and Egypt.
BW Energy Makes Oil Discovery Offshore Gabon
Gabon is said to be the fourth-largest producer and exporter of crude oil in sub-Saharan Africa.
Emerging Oil Nations Reject Climate Curbs on Exploration, Pursue Rapid Development
Brazil, Ghana, Guyana and Suriname laid out plans to rapidly tap new discoveries.
Best of This Week’s Drilling Activity Highlights (Aug. 13, 2021)
PTT Exploration announces a gas discovery offshore Sarawak, a Middle Bakken and a Three Forks well are completed at a single drillpad, CNNOC completes a Pearl River Basin discovery and offshore drilling planned in the Gulf of Mexico and Australia’s North Perth Basin.
Eni Makes Deepwater Oil Discovery Offshore Mexico
Mexico is a core country for the organic growth of Eni, which is currently producing more than 20,000 boe/d from Area 1 on an early production configuration and expects to ramp-up to 65,000 boe/d in 2022.
Total, APA Discover More Oil Offshore Suriname
The discovery marks another important step toward commercial oil development in the southeast portion of Block 58.
Exxon Mobil-led Group Logs New Oil Discovery Offshore Guyana
The discovery adds to the previous recoverable resource estimate of approximately 9 billion oil equivalent barrels.
Eni Makes ‘Significant’ Oil Discovery Offshore Ghana
The Eban-1X well proved a single 80-m light oil column in a thick sandstone reservoir interval of Cenomanian age, Eni said.