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Exxon makes new find on Guyana Longtail 3 prospect

June 9, 2021
| Archives

Exxon Mobil Corp said on Wednesday it has made a new discovery at Longtail-3 in the Stabroek Block offshore Guyana, as the U.S. oil major develops one of the world’s most important new oil and gas blocks in the last decade. Exxon operates the 6.6-million-acre Stabroek Block as part of a consortium that includes Hess Corp and China’s

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83% of Newfoundland and Labrador support offshore oil and gas

June 9, 2021
| Archives

Noia recently engaged a public opinion firm to survey Newfoundlanders and Labradorians about their support for the offshore oil and gas industry, and the Terra Nova Project specifically. Not surprisingly to Noia, the vast majority of respondents support the industry and efforts to ensure the Terra Nova Project undergoes the Asset Life Extension project and continues to

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Stena lines up new work for the fleet

June 9, 2021
| Archives

According to Esgian, an Oslo based company that provides analytical tools for the energy industry, noted that Stena Drilling has secured two contract extensions and two new deals for its offshore rig fleet. Ultra-deepwater drillships Stena Carron and Stena DrillMAX have been awarded extensions by ExxonMobil for further operations offshore Guyana that will see the duo committed

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Valaris DS-18 (Relentless) continues with Chevron for 3 more years

June 9, 2021
| Archives

Valaris Limited announced that it has been awarded a three-year contract with Chevron in the U.S. Gulf of Mexico for drillship, VALARIS DS-18 (Relentless). The contract is expected to commence in the first quarter of 2022 in direct continuation of the current contract. After the Relentless completed its first five-year special periodic survey, Chevron signed the rig on

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Civita Resources acquires Crestone Peak

June 8, 2021
| Archives

Civitas Resources Inc said on Monday it would acquire oil and gas producer Crestone Peak Resources, as it looks to scale up in Colorado's Denver-Julesburg Basin. Civitas will be formed after the merger of Bonanza Creek Energy Inc. and Extraction Oil & Gas Inc closes and is expected to have an enterprise value of about $4.5 billion. Source: Reuters Join

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EOG names new CEO

June 8, 2021
| Archives

U.S. oil and gas producer EOG Resources Inc said on Monday President Ezra Yacob would succeed William Thomas as chief executive officer of the company, effective October. Thomas, CEO since 2014, would become non-executive chairman of the board after retirement as part of the succession plan, the company said. Yacob, a company veteran of 16 years, has previously served

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Saipem opens Guyana offshore construction facility

June 8, 2021
| Archives

A new Saipem facility has been inaugurated at the port of Georgetown, Guyana. The Saipem Guyana Offshore Construction Facility is tangible proof of our commitment to local content in this important frontier region. Saipem and Guyana have been enjoying a fruitful interaction for the last four years, starting with the award of the ground-breaking Liza Phase 1 contract in

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Transocean defers payment to JSPL for 20k drillship duo

June 7, 2021
| Archives

Transocean Ltd. announced today that it has agreed with Sembcorp Marine’s subsidiary, Jurong Shipyard Pte Ltd (JSPL), on the delayed delivery of the ultra-deepwater drillships Deepwater Atlas and Deepwater Titan. As part of the agreement, JSPL has agreed to accept deferred payment for both rigs.   The Deepwater Atlas and Deepwater Titan are the world’s first eighth generation ultra-deepwater drillships and only rigs to feature a 3,000,000 pound hook-load.

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Angola bid round extended and entry fee reduced

June 7, 2021
| Archives

The deadline for the submission of proposals for the bid round of blocks located in Angola’s Lower Congo and Kwanza Onshore Basins, which was initially scheduled for June 9, has been extended until July 9, 2021. Simultaneously ANPG – Agência Nacional de Petróleo, Gás e Biocombustíveis – has decided to reduce the amount of the entry fee

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