Pietro D
Pitts
Hart Energy
Chevron-Hess Deal Creates American “Dream Team” Offshore Guyana, Surprises Analysts
Chevron’s $53 billion all-stock deal for Hess Corp. will see the California oil giant team up with its Texas counterpart Exxon Mobil to create an American “dream team” in Guyana’s offshore Stabroek Block where production has been rising exponentially each year.
Guyana’s Local Content Act Yet to Negatively Impact IOCs
The Guyanese government anticipates its petroleum sector will need at least 150,000 skilled laborers over the next two to five years to meet this demand.
TotalEnergies, APA Eye $9B FID in Suriname’s Block 58
TotalEnergies and APA Corp. have launched development studies offshore Suriname in Block 58 and eye the start of detailed engineering studies by end 2023 and a $9 billion FID by year-end 2024.
Guyana’s Gas-to-energy Project Startup Expected in 2024
Guyana’s gas-to-energy project is on track to start-up in 2024, according to details revealed by the South American country’s government.
Woodside’s $7.2 Billion Bet on Deepwater Mexico Potential
Woodside Energy is making a massive bet offshore Mexico at the large, high-quality conventional resource Trion development, checking key production, climate and financial boxes for both Mexico and partners Woodside and Petroleos Mexicanos.
Report: Colombia’s Oil, Gas Reserves Running Out
Colombia’s reserves-to-production ratios for oil and gas are now both less than eight years, according to recent data released by the country’s National Hydrocarbon Agency (ANH).
Reservoir Simulations Use AI to Change with the Times
Artificial intelligence and new simulation technologies are automating the modeling process for oil and gas, carbon capture and storage and geothermals.
Afentra Aims to Get More Black Gold Out of Brownfields
Former Tullow Oil CEO Paul McDade is leading a new company, Afentra, aimed at rejuvenating mature West Africa oil fields.
E&P Highlights: Dec. 30, 2022
Here’s a roundup of the latest E&P headlines, including a field start up and a well drilled to a basin with record depth from the past week in the upstream oil and gas industry.
W&T Offshore Eyes Future Acquisitions Following Mobile Bay Transaction
A transaction with Munich Re Reserve Risk Financing provides W&T Offshore with the dry powder needed to continue to accretively grow through “attractive producing property acquisitions,” CEO Tracy Krohn says.