by admin | Nov 21, 2019 | News
MIAMI, Florida – Petrobras is on track to become the world’s largest oil producer among publicly listed companies by 2030, based on Rystad Energy’s latest data and forecasts. Brazil’s national oil company Petrobras is the world’s fastest growing...
by admin | Oct 18, 2019 | News
Crude oil production in the US federal Gulf of Mexico averaged 1.8 MM b/d in 2018, setting a new annual record, according to the Energy Information Offshore staff WASHINGTON, D.C. – Crude oil production in the US federal Gulf of Mexico (GoM) averaged...
by admin | Aug 22, 2019 | News
LONDON – Tullow Oil has proven oil in the Orinduik license offshore Guyana, the country’s first commercial discovery outside the prolific Stabroek block. The drillship Stena Forth drilled the Jethro-1 exploration well in 1,350 m (4,265 ft) of water, to a TD of 4,400 m...
by admin | Feb 26, 2019 | News
02/13/2019 The US Bureau of Ocean Energy Management plans to hold a Gulf of Mexico-wide oil and gas lease sale in March 2019 that will include all available unleased areas in federal waters covering about 78 million acres. Lease Sale 252...
by admin | Jan 15, 2019 | News
BP PLC approved a $1.3-billion expansion at Atlantis field in the Gulf of Mexico and said recent seismic imaging identified 1 billion bbl of additional oil in place at Thunder Horse field. In addition, BP expects its net gulf production will reach about 400,000 boe/d...
by admin | Dec 11, 2018 | News
GEORGETOWN, Guyana – An Exxon Mobil Corp. led consortium said last week it has begun offshore drilling after recently discovering at least 3.2 billion barrels of light crude in Guyanese waters. Guyana is projected within a decade to pump nearly a barrel of oil per...
