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Month: April 2022

Guyana EPA sections forth offshore project proposed by Exxon

April 4, 2022
| Archives

Exxon Mobil Corp received approval to begin work on its fourth offshore oil project in Guyana from the South American country's Environmental Protection Agency. The permit will allow Exxon to begin construction and operation of its Yellowtail project, the latest of up to 10 expected to be producing oil this decade. A final decision by Exxon on funding the

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Karoon banks on Neon discovery with additional wells

April 4, 2022
| Archives

Karoon Energy has committed to the drilling of a control well and, subject to the results of that well, a second control well in the Neon oil discovery, offshore Brazil. This decision is based on extensive pre-development studies which have determined that a potential development of the Neon discovery presents a potentially attractive investment for Karoon. Source: Karoon Join

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Exxon plans to invest $10 billion in fourth project offshore Guyana

April 4, 2022
| Archives

Exxon Mobil Corp on Monday decided to invest $10 billion in a fourth oil production project off the coast of Guyana, the largest in the South American country. Guyana is one of Exxon’s top bets for future production growth, with as much as 1.2 million barrels per day of oil and gas (boed) expected to be produced with

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The Weekly Rundown – April 4

April 3, 2022
| The Weekly Rundown

Get all the trending oil and gas news, rig counts and prices right here, each week with your host Greg Williams, Founding Partner of Rig Lynx. For April 4 - Exxon comes up dry on Cutthroat  - Transocean buys into Ocean Minerals - Constellation gets green flag from creditors - CNOOC plans for North Sea exit and $5.5 bln Shanghai listing -

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North America Rig Count: U.S. +3 to 673 Canada -16 to 124

April 3, 2022
| Weekly Rig Count

Baker Hughes Rig Count: U.S. +3 to 673 rigs U.S. Rig Count is up 3 from last week to 673 with oil rigs up 2 to 533, gas up 1 to 138 and miscellaneous rigs unchanged at 2. U.S. Rig Count is up 243 rigs from last year's count of 430 with oil rigs up 196 gas rigs up

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Europe drops 24 rigs from International Rig Count

April 3, 2022
| International Rig Count

Baker Hughes issued their international rig count data, here is the breakdown: The international rig count for March is 815, up 2 units from the count in February and up 100 units from the 715 counted in March 2021. Latin America is up 7 units to 160 from the February count of 153 and is up 35 units year over year. The Asia-Pacific

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