News

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....

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....

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...

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...

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...

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...

        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 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...

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...

ExxonMobil and its partners have achieved a sixth oil discovery in the deepwater Stabroek block offshore Guyana! The drillship Stena Carron spudded the Ranger-1 well in early November in 8,973 ft (2,735 m) of water. The well intersected around 230 ft (70 m) of...

Transocean Ltd. announced that the ultra-deepwater drillship Deepwater Invictus was awarded a two-year contract plus three one-year priced options with a subsidiary of BHP Billiton. The backlog associated with the firm contract is approximately $106 million. The...

BP has confirmed the start of production from one of the seven Upstream major oil and gas projects that it expects to come online in 2017. Five of these seven projects have now started up. Juniper in Trinidad follows the start-up earlier this year of the Trinidad...