News

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....

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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...

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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...

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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...

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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...

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ExxonMobil discovers sixth oil field offshore Guyana

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...

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Transocean announces contract for deepwater drillship

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...

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Massive BP project begins production in Trinidad

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...

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