Genesis Energy will increase its footprint in the deepwater Gulf of Mexico with expansion of an existing pipeline system and construction of a new line, it said in its first-quarter earnings report on Wednesday.Genesis will spend about $500…
Brazil's government is trying to add the 12th block to an auction of oil exploration areas expected later this year, an Energy Ministry official said on Tuesday at the Offshore Technology Conference (OTC) in Houston.The Ametista block is located…
Oilfield services giant TechnipFMC has secured an additional contract and received notice to proceed from ExxonMobil for its Yellowtail development in the Stabroek Block offshore Guyana.The newly announced, 'significant' flexibles contract covers…
Oil major BP BP.L expects to double crude output from its Thunder Horse project in the U.S. Gulf of Mexico and inaugurate its latest production platform by the end of this year, a company executive said on Monday.The company, which is betting on 'lower-carbon…
Brazilian oil and gas company Petrobras has signed production sharing contracts with its partners for the Atapu and Sépia oil fields, offshore Brazil.For Atapu, the PSCs were signed with Shell (25%) and Total Energies (22,5%). For Sépia, PSCs were signed with TotalEnergies (28%)…
Exxon Mobil Corp on Tuesday said it found oil in three new wells drilled off the coast of Guyana, raising recoverable oil and gas potential from its discoveries to nearly 11 billion barrels.The discoveries continue a run of exploration successes that date to 2015…
Offshore drilling firm Sonadrill, a 50:50 joint venture between Seadrill and an affiliate of Sonangol, has secured a ten-well contract with options for up to eight additional wells in Angola for the West Gemini drillship.The total contract value…
Brazilian oil company Petrobras has brought online the first two wells of the increased oil recovery (IOR) project at Roncador project offshore Brazil, almost five months ahead of schedule and at half of the planned cost, Equinor, Petrobras' partner in the project…
Danish offshore drilling company Maersk Drilling has won a contract extension for its ultra-deepwater semi-submersible rig Maersk Deliverer with Inpex in Australia.The extension, of an undisclosed value, is for drilling services at the Ichthys field in the Browse Basin offshore Western Australia…
Brazil on Wednesday granted 59 exploratory blocks of oil and natural gas to 13 companies, including Shell, TotalEnergies and 3R Petroleum.The auction totaled 422.4 million reais ($90.10 million) in signature bonus, registering a premium of 854…
Australian oil and gas company Western Gas, the owner of the high-impact Sasanof-1 prospect off W. Australia, expects the Valaris MS-1 offshore drilling rig to move to the well site in May.'Western Gas is pleased to advise that the Valaris MS…
Brazilian state-run oil company Petrobras announced on Friday that it had discovered an oil accumulation in the southern portion of the Campos Basin.The oil was found in a pioneering well in the Alto de Cabo Frio Central block, which is owned by Petrobras and BP…
ExxonMobil Corp on Friday received approval to begin work on its fourth offshore oil project in Guyana from the South American country's Environmental Protection Agency.The permit will allow Exxon to begin construction and operation of its Yellowtail project…
Brazilian oil company PetroRio SA is close to agreeing on terms to purchase the Albacora Leste field from state-run oil company Petrobras, two sources with knowledge of the matter told Reuters, though talks around the neighboring Albacora field are proving more complex…
Shell has brought online its PowerNap project, a subsea development in the U.S. Gulf of Mexico with an expected production of 20,000 barrels of oil equivalent per day (boe/d). PowerNap is a tie-back to the Shell-operated Olympus tension leg platform (TLP) in the prolific Mars Corridor…
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