Exxon Mobil in Guyana 2021

MIAMI, Florida – ExxonMobil has contracted PGS to perform 4D seismic acquisition offshore Guyana.  Seismic experts estimate that offshore Guyana has enough subsea petroleum reserves to power the entire world for a year. Despite the continuing impact of COVID-19, PGS...

Oceanwind’s Floating Wind Power

Oceanwind’s Floating Wind Power MIAMI, Florida – DNV has completed a concept verification review of Odfjell Oceanwind’s WindGrid system for mobile offshore wind units. The company’s review confirms the technical feasibility of the WindGrid system, and that expected...

$8 billion Offshore Brazil Project

MIAMI, Florida – Equinor and partners have committed to develop Phase 1 of the Bacalhau field in the Brazilian presalt Santos basin, at an estimated cost of $8 billion. Partners in the development include Equinor, ExxonMobil.  Drilling and well...

Exploration Drilling Up in the Americas – 2021

MIAMI – Exploration in the Americas last year in 2020 held up better than expected. Among the largest offshore discoveries were at Kwaskwasi offshore Suriname.  Apache Corp. and partner Total have made what may be their largest oil discovery to date....

Kosmos Reports Deepwater Oil Discovery in the Gulf of Mexico

Beacon Offshore Energy LLC has made an oil discovery in the deepwater Gulf of Mexico, according to partner Kosmos Energy. Miami – Yet another oil find in the Gulf of Mexico!  Beacon Offshore Energy LLC has made an oil discovery at the Winterfell prospect on Green...