Exxon Versus Chevron: The Fight for Hess’ 30% Guyana Interest

Chevron's plan to buy Hess Corp. and assume a 30% foothold in Guyana has been complicated by Exxon Mobil and CNOOC's claims that they have the right of first refusal for the interest.

Rystad: More Deepwater Wells to be Drilled in 2024

Upstream majors dive into deeper and frontier waters while exploration budgets for 2024 remain flat.

Cronos Appraisal Confirms Discovery Offshore Cyprus

Eni-operated block partner TotalEnergies says appraisal confirms the presence of significant resources and production potential in the block.

E&P Highlights: Feb. 12, 2024

Here’s a roundup of the latest E&P headlines, including more hydrocarbons found offshore Namibia near the Venus discovery and a host of new contract awards.

2023-2025 Subsea Tieback Round-Up

Here's a look at subsea tieback projects across the globe. The first in a two-part series, this report highlights some of the subsea tiebacks scheduled to be online by 2025.

Aethon’s Far Western Haynesville: Three Wells, 17.5 Bcf and Still Roaring

Aethon’s wells show no signs of flatlining—and neither are Comstock Resources’ tests, one of which has already reached nearly 50% of its previously estimated EUR.

Equinor Receives Significant Discovery License from C-NLOPB

C-NLOPB estimates recoverable reserves from Equinor’s Cambriol discovery at 340 MMbbl.

Second Light Oil Discovery in Mopane-1X Well

Galp Energia's Avo-2 target in the Mopane-1X well offshore Namibia delivers second significant column of light oil.

Gushing, Ohio: EOG Joins Ascent, Encino in Top Oil Wells

EOG’s latest wells in its new Ohio oil play are rolling into state public records, while Ascent Resources and Encino Energy are reporting the biggest producers. All three are landing 3-milers. Some are 3.5 miles.

Activity Offshore Norway Expected to Remain Steady in 2024

The Norwegian Offshore Directorate provided updates on 2023 activity, including 14 wildcat discoveries and eight projects going online and urging exploration in frontier areas.