News
Atlantis Phase 3 starts up ahead of schedule
The Atlantis Phase 3 project in the deepwater Gulf of Mexico started production in July 2020, BHP revealed in its latest operational review. MIAMI, Florida – The Atlantis Phase 3 project in the deepwater Gulf of Mexico started production in July 2020, BHP revealed in...
Stena Forth to drill for Tullow offshore Suriname
Tullow awarded Stena Drilling contract offshore Suriname Offshore staff This is in addition to Hess Corp.’s 2020 allocation of $450 million toward exploration and appraisal wells on the Stabroek and Kaieteur blocks offshore Guyana (Hess 30% and...
Pemex contracts Dolphin rig for 15-month campaign offshore Mexico
Pemex has awarded Dolphin Drilling an $83-million contract for use of the semisubmersible Blackford Dolphin in the Mexican sector.
ExxonMobil extends Noble drillship charters offshore Guyana
Noble Corp. plc and ExxonMobil have executed a commercial enabling agreement for drilling services in the Guyana-Suriname basin. Feb 11th, 2020 The ultra-deepwater drillship Noble Bob Douglas. (Courtesy Noble Corp.) LONDON – Noble Corp....
HUGE ExxonMobil discovery adds to offshore Guyana oil
ExxonMobil made an oil discovery offshore Guyana at the Mako-1 well southeast of Liza field, marking the 15th discovery on Stabroek block. The discovery adds to previously announced estimated recoverable resources of more than 6 billion boe on Stabroek alone....
Valaris jackup secures 21-well contract in the Gulf of Mexico
MIAMI – Valaris plc has received new contracts and contract extensions, with associated revenue backlog of about $285 million. Exxon has awarded the VALARIS JU-87 a 21-well contract in the US Gulf of Mexico that is expected to start...
Petrobras set to become world’s largest oil producer, says Rystad
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...
Record Gulf of Mexico oil production expected to continue
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...
Tullow finds oil with first well offshore Guyana
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...
BOEM plans Gulf of Mexico lease sale
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...
BP approves expansion at Atlantis field in
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...
GUYANA DISCOVERS HUGE 3.2 BILLION BARREL SUBSEA OIL FIELD; EXXON MOBIL CORP HAS BEGUN DRILLING
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...