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Month: July 2022

ExxonMobil makes two more discoveries offshore Guyana

July 27, 2022
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ExxonMobil has made two new discoveries offshore Guyana to the southeast of the Liza and Payara developments in the Stabroek block. The discoveries at Seabob and Kiru-Kiru are the sixth and seventh in Guyana this year, with the total number of discoveries in Guyana at more than 25. Seabob and Kiru-Kiru wells in Stabroek block are sixth and seventh discoveries in

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As market strengthens frack service Liberty Oilfield set to deploy more equipment

July 27, 2022
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Liberty Oilfield Services Inc announced plans to deploy additional equipment, as a tight fracking market and strong demand boosted pricing for its services. The Denver, Colorado-based company said pricing had improved to a level supportive enough to re-activate equipment and that it would deploy two additional digiFrac electric fleets in early 2023, backed by multi-year contracts. Many oilfield companies

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Chevron pressing ahead with Cyprus offshore gas field development

July 22, 2022
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Cyprus and Chevron said they were committed to expediting development of the offshore Aphrodite gas field to supply European markets and Egypt. Natural gas in the field, lying south-east of Cyprus, was discovered in 2011. It is estimated to contain about 4.5 trillion cubic metres (tcf) of gas, but it is untapped. Russia’s invasion of Ukraine and the ensuing

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ConocoPhillips eyeing U.S. Gulf of Mexico exit

July 22, 2022
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ConocoPhillips is exploring a sale of its stake in the Ursa platform and Princess subsea well in the Gulf of Mexico, people familiar with the matter said on Wednesday, in what would mark its exit from deepwater energy production off the U.S. Gulf coast. The oil producer has been offloading assets as it shifts to become a major

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Shell places U.S. Gulf of Mexico assets up for sale

July 22, 2022
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Shell is exploring a sale of its stakes in two U.S. Gulf of Mexico oil and gas developments which could raise as much as $1.5 billion for the energy major, people familiar with the matter said on Wednesday. Potential divestments of some aging assets would allow the company to focus on newer and larger fields around the world,

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TotalEnergies announces the start-up of new ethane cracker in Port Arthur

July 22, 2022
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Bayport Polymers ('Baystar'), a 50/50 joint venture (JV) between TotalEnergies and Borealis, has announces the start-up of commercial operations of a new ethane cracker with an annual production capacity of one million tons of ethylene. This almost $2 billion project built on the site of and operated by the TotalEnergies Refinery in Port Arthur, Texas, represents 14 million hours worked with more than 2,500

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PGS awarded more 3D and 4D work in Australia

July 22, 2022
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PGS has been awarded a significant 3D exploration acquisition contract offshore Indonesia by a major energy company. Further, the Company has also been awarded a major 4D acquisition contract offshore Australia by an international energy company. Ramform Sovereign will mobilize for the 3D exploration contract in Indonesia mid-October and acquisition is expected to complete mid-December. The vessel will continue to Australia and mobilize for

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Well-Safe lands work for the Defender

July 22, 2022
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Well decommissioning specialists Well-Safe Solutions have signed an agreement to plug and abandon (P&A) 14 wells on the UK continental shelf. The deal is the first scope agreed for the Well-Safe Defender semi-submersible rig, which Well-Safe Solutions purchased in June 2022. The project, for an undisclosed value, will see the Well-Safe Defender mobilizing in March 2023 for approx. 250 days of work. This contract

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Deepsea Stavanger busy until Q3 2023 with exercised options

July 20, 2022
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Odfjell Drilling reports that Equinor has exercised further work for the Deepsea Stavanger under the continued optionality mechanism provided for in the contract entered into by the parties in May 2021. Following this addition, the Deepsea Stavanger now has eight (8) remaining wells to be drilled which are expected to occupy the rig into Q3 2023. Equinor has the opportunity to exercise further

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