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.

December 19, 2024

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.

December 19, 2024

Reliance Exercises Four-Well Option on Transocean Rig

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

December 18, 2024

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.

December 18, 2024

QatarEnergy Joins Joint Venture Offshore Namibia

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

December 17, 2024

DNO Makes Another Norwegian North Sea Discovery

DNO ASA estimated gross recoverable resources in the range of 2 million to 13 million barrels of oil equivalent at its discovery on the Ringand prospect in the North Sea.

December 17, 2024

EIA: Gulf Production Suffered from Eventful Hurricane Season

Oil and gas platforms under-produced in September and November, the Energy Information Administration reported.

December 17, 2024

Talos Sells More of Mexican Subsidiary to Billionaire Carlos Slim

Talos Energy has agreed to sell another 30.1% interest in subsidiary Talos Mexico to entities controlled by billionaire Carlos Slim, whose companies also own at least 24% of Talos Energy’s common stock.

December 17, 2024

Kosmos Breaks Off Talks to Acquire UK’s Tullow

Kosmos Energy Ltd. gave no reason for breaking off acquisition talks with Tullow Oil, which the companies had said were at a preliminary stage.

December 17, 2024

Shell, Chevron Take FID on Phase 3 of GoM Silvertip Frio Project

Shell Plc and Chevron Corp. are taking a final investment decision on Phase 3 of the Silvertip project in the Gulf of Mexico.

December 12, 2024