As the world transitions toward a low-carbon future, oil and gas companies must invest in high-return, low-cost opportunities, said John Hess, CEO of U.S oil major Hess Corp.
Exxon Mobil also announced the Liza Unity FPSO vessel to be utilized for the Liza Phase 2 development set sail from Singapore to Guyana in early September.
Eni is one of Africa’s biggest foreign oil and gas producers with prize assets in Libya, Nigeria and Angola. It is developing two bumper gas discoveries in Mozambique and Egypt.
Brazil, Ghana, Guyana and Suriname laid out plans to rapidly tap new discoveries.
PTT Exploration announces a gas discovery offshore Sarawak, a Middle Bakken and a Three Forks well are completed at a single drillpad, CNNOC completes a Pearl River Basin discovery and offshore drilling planned in the Gulf of Mexico and Australia’s North Perth Basin.
The discovery adds to the previous recoverable resource estimate of approximately 9 billion oil equivalent barrels.