Chevron-Hess Deal Creates American “Dream Team” Offshore Guyana, Surprises Analysts
Chevron’s $53 billion all-stock deal for Hess Corp. will see the California oil giant team up with its Texas counterpart Exxon Mobil to create an American “dream team” in Guyana’s offshore Stabroek Block where production has been rising exponentially each year.
E&P Highlights: Oct. 23, 2023
Here’s a roundup of the latest E&P headlines including a pair of discoveries and the sailaway of the Tango FLNG vessel.
Rystad: Easing US Sanctions on Venezuela Could Boost Production
A potential deal between Washington and Caracas to ease sanctions on Venezuela could see the South American country boost production by 200,000 bbl/d—a relative drop in the bucket for world oil markets, Rystad Energy says.
US Treasury OKs Trinidad to Pay Cash for Venezuelan Gas
The U.S. Treasury’s Office of Foreign Assets Control amended a license for Trinidad and Tobago to allow the country pay Venezuelan, which is under U.S. sanctions, for natural gas using U.S. dollars and other currencies.
E&P Highlights: Oct. 16, 2023
Here’s a roundup of the latest E&P headlines including SBM Offshore winning the FEED contract for Exxon Mobil’s Whiptail FPSO and a collaboration agreement by AWS, Shell and SLB.
Trinidad, Tobago Launches Shallow Water Bid Round
Trinidad and Tobago has 13 blocks on offer, with bids due in April 2024.
ConocoPhillips and Others Eye Citgo Auction [WATCH]
Venezuela’s U.S.-based refining arm Citgo Petroleum is a step closer to reaching a theatrical climax as a court ordered sale date quickly approaches.
Expro Completes Acquisition of PRT Offshore
Expro’s acquisition of PRT Offshore allows Expro to expand technology its technology and surface equipment portfolio across regions.
Citgo Drama Continues as Court-ordered Sale Date Nears
The fate of Venezuela’s U.S. refining arm Citgo Petroleum is closer to reaching a theatrical climax as a court ordered sale date approaches.
Permian Gas Could Make Mexico No. 4 LNG Exporter
Quantum Energy Partners-backed LNG project on Mexico’s West Coast to rely on gas from the Permian Basin.