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.
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 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 is on track to start-up in 2024, according to details revealed by the South American country’s government.
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.
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).
Artificial intelligence and new simulation technologies are automating the modeling process for oil and gas, carbon capture and storage and geothermals.
Former Tullow Oil CEO Paul McDade is leading a new company, Afentra, aimed at rejuvenating mature West Africa oil fields.
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.
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.