Like It or Not, Deepwater Oil and Gas Holds the Key to Energy Transition
Developments in deepwater oil and gas play a critical role in the quest to transition to cleaner energy.
OTC: Exxon Not Quitting Exploration in Brazil, Exec Clarifies
Exxon Mobil Brazil general manager Alberto Ferrin, responding to a media report, said the company wasn’t abandoning exploration in Brazil during a discussion on the country’s energy sector at the Offshore Technology Conference.
OTC: Brazil Targets 5 MMbbl/d Production by 2030
Brazil’s oil regulator ANP wants the country to increase oil production from 3.3 MMbbl/d to 5 MMbbl/d by 2030, the agency General Director Rodolfo Henrique de Saboia said at OTC.
TotalEnergies Eager to Dip into Suriname Oil Pool
TotalEnergies CEO Patrick Pouyanné says the company has been eying a low oil-to-gas ratio in Suriname in order to have an efficient development.
Exxon, Hess Take $12.7 Billion FID for Uaru Development Offshore Guyana
Exxon Mobil, Hess and CNOOC made a $12.7 billion FID for the Uaru development in Guyana’s Stabroek Block, their fifth project offshore the small South American country.
Hess’ Guyana Assets Set to Dethrone Bakken Around 2025
Hess Corp.’s new assets offshore Guyana are on track to dethrone its Bakken shale assets around 2025 to become the New York-based company’s top North American producing asset.
BPTT Resumes Operations After Fire at Mahogany B Gas Hub
BP Trinidad and Tobago has brought its Mahogany B offshore gas hub back online after a fire in a temporary power generator.
Unable to Process Venezuela's Heavy Oil, Cuba Turns to Russia, Mexico
Venezuela for more than two decades has been Cuba's largest provider of crude and fuel, but with recent U.S. sanctions, the country has been barely able to supply itself, much less Cuba.
E&P Highlights: April 24, 2023
Here’s a roundup of the latest E&P headlines, including the Pierce Field starting production after upgrades, a subsea-tieback project going online and some new discoveries in the upstream oil and gas industry.
Guyana Eyes Five Years of Consecutive Double-digit GDP Growth
Guyana is on track to achieve five consecutive years of double-digit economic growth while its peers, and the rest of the world, remain stuck in the single-digits, according to a new study by the International Monetary Fund.