Oil & Gas Report
News, insight, analysis and ideas about Guyana’s energy industry from the best experts in the industry.
ExxonMobil’s May 2015 discovery with the Liza wells in its Stabroek block may well signal a new era for the country’s energy sector and economy. It presents a transformative opportunity to put in place the structures and capacity needed to oversee the sector’s long-term development, effectively manage revenue streams, and ensure proper stewardship of what are finite hydrocarbon resources for future generations of citizens in Guyana. Exxon plans additional exploration in its block in 2017, citing favorable geology and promising production sharing agreement (PSA) terms.
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Vår Energi has updated its cost estimate for a field life extension project in the North Sea off Norway to reflect a tighter supplier market.
The post Another North Sea project hit by cost inflation as capex estimate goes up appeared first on Offshore …
U.S.-based Commonwealth LNG has entered into a heads of agreement (HoA) with compatriot EQT […]
The post Commonwealth LNG and EQT conclude long-term LNG supply deal appeared first on Offshore Energy.
Equinor has revised the cost estimate for its Johan Castberg project in the Barents Sea due to the rise in cost within the industry.
The post Johan Castberg FPSO still on track for first oil next year but cost estimate jumps to $7.4 billion appeared f…
Norwegian oil and gas company DNO Norge has made a new gas condensate discovery in the Norwegian sector of the North Sea.
The post New gas discovery in North Sea seen as ‘exciting’ play opener appeared first on Offshore Energy.
Brazilian oil and gas player Enauta has concluded the drilling and completion of the last well in its drilling programme at a field offshore Brazil.
The post Enauta winds down its drilling campaign off Brazil appeared first on Offshore Energy.
Russia’s Gazprom has announced that its own-produced shipment of liquefied natural gas (LNG) at […]
The post Gazprom delivers its first LNG via Northern Sea Route appeared first on Offshore Energy.
BW Offshore has completed the sale of another floating, production, storage, and offloading (FPSO) vessel, which is working at an oil field offshore Nigeria.
The post BW Offshore wraps up much-anticipated sale of Nigerian FPSO appeared first on Offshor…
As drilling adds more hydrocarbons to the table, production restart at Thai oil field comes into view
Valeura Energy has carried out the drilling of two appraisal wells at an oil field in the Gulf of Thailand, which is currently offline.
The post As drilling adds more hydrocarbons to the table, production restart at Thai oil field comes into view app…
Orcadian Energy has set the wheels into motion to sell a big chunk of its interest in a huge undeveloped North Sea field to an undisclosed player on the UK Continental Shelf (UKCS).
The post Potential sale of operatorship and stake in giant undeveloped…