Offshore
Exxon Expects 3Q Guyana Volumes to Fall by 80,000 bbl/d
Exxon Mobil is forecasting lower third quarter Guyana production by about 13% due to hook-ups related to a gas-to-energy project for mainland Guyana.
Genesis Energy: First Oil at GoM Field Pushed Back to 2Q 2025
Genesis Energy’s is awaiting a floating production vessel to connect its SYNC pipeline in the Gulf of Mexico to the delayed Shenandoah deepwater project.
Viaro Energy to Buy Shell, Exxon’s North Sea Assets
When the transaction is completed, Viaro Energy will control 11 fields that produced 28,000 boe/d in 2023, 5% of the U.K.'s total gas production.
Chevron’s $53B Hess Deal Delayed Until At Least Summer 2025
A pivotal arbitration hearing regarding Chevron’s acquisition of Hess Corp.’s Guyana portfolio is set for May 2025.
Petrobras’ 2Q Production Rises 2.4% YOY to 2.7 MMboe/d
Brazil’s state-owned Petrobras reported average production of 2.7 MMboe/d in second-quarter 2024 as offshore production continues to ramps up.
Transocean Announces $531MM GoM Contract with BP
BP’s contract with a Transocean vessel is expected to culminate in a drilling program beginning in first-quarter 2025.
BP Awards Subsea Alliance Contract for UK North Sea Development
SLB, OneSubsea, Subsea 7 and the Subsea Integration Alliance will increase speed of tool delivery, optimize installation and reduce rig days at BP’s Murlach development in the North Sea.
TotalEnergies Exits from Offshore South Africa Blocks
TotalEnergies’ departure comes after partner CNR International also withdrew from the same blocks.
BP and NGC Sign E&P Deal for Offshore Venezuelan Cocuina Field
BP and NGC signed a 20-year agreement to develop Venezuela’s Cocuina offshore gas field, part of the Manakin-Cocuina cross border maritime field between Venezuela and Trinidad and Tobago.
Noble’s $1.59B Diamond Offshore Acquisition Clears Antitrust Hurdle
Noble Corp.’s acquisition of Diamond Offshore Drilling still requires approval by Diamond shareholders as well as regulatory authorization in Australia.