More Top Stories in Exporation & Production

Frontera, CGX to Spud Wei-1 Offshore Guyana by January

Frontera Energy, CGX Energy and the Guyana government have agreed to a timeline that will see the two IOCs drill the Wei-1 well in the Corentyne Block offshore no later than Jan. 31.

November 28, 2022

US Proposes Rules to Limit Methane Leaks from Public Lands Drilling

The proposal would place monthly limits on flaring and require oil and gas companies to undertake methane leak detection programs on federal land.

November 28, 2022

BOEM Publishes Final Notice of Sale for Alaska Cook Inlet

The Inflation Reduction Act, signed in August, directed BOEM to hold the Alaska Cook Inlet sale on or before year’s end.

November 28, 2022

E&P Highlights (Nov. 28, 2022): Sinopec Shale Gas Discovery

Here’s a roundup of the latest E&P headlines including a new find in the Sichuan Basin and a flaring investigation in the U.K. North Sea from the past week in the upstream oil and gas industry.

November 28, 2022

APA Corp. Says Awari Well Non-Commercial Offshore Suriname

APA Corp. and TotalEnergies, joint venture partners offshore Suriname in Block 58, deemed the Awari exploration well non-commercial but are eager to start flow-test operations at the Sapakara South-2 (SPS-2) appraisal well, Houston-based APA reports.

November 28, 2022

BP Wins Contract to Market Guyana’s Share of Oil Production

London-based BP agreed to market Guyana’s share produced from the Liza Destiny and Liza Unity platforms at no charge per barrel, according to a ministry statement on Nov. 24. It replaces a Saudi Aramco trading unit, which previously held the contract.

November 28, 2022

Chevron Can Resume Key Role in Venezuela’s Oil Output, Exports

The U.S. authorization “brings added transparency to the Venezuelan oil sector” and allows Chevron to benefit from sales of “oil that is currently being produced” by its joint ventures with PDVSA, the California-based company said in a statement.

November 26, 2022

US Drillers Add Oil, Gas Rigs for Second Consecutive Month: Baker Hughes

U.S. oil rigs rose four to 627 this week, their highest since March 2020, while gas rigs fell two to 155, according to the weekly Baker Hughes rig count report.

November 23, 2022

Britain’s Windfall Tax Risks North Sea Cash Flight, Output Drop

Energy giants Shell Plc and Equinor ASA said they were evaluating their investment plans after last week’s decision to raise tax to 35% from 25% to help plug Britain’s fiscal hole.

November 23, 2022

Mozambique President Inaugurates Coral Sul LNG Installation

Mozambique's first LNG cargo left from the Coral Sul floating LNG installation on Nov. 14.

November 23, 2022