A panel of energy ministers from Pakistan, Senegal and the UAE addressed access to sustainable and affordable energy supply at the ADIPEC ministerial session.
KCA Deutag said Nov. 18 that its land drilling operation has won new contracts worth approximately $460 million in the Middle East, Africa and Europe.
Tullow Oil's stock, which surged on the news from oil discoveries offshore Guyana, shed as much as 22% of its value on Nov. 13.
The output of well Y-01 rose to 3,800 barrels per day (bbl/d) from just 200 bbl/d before the workover, the company said.
SBM Offshore said. Nov. 7 that Exxon Mobil subsidiary Esso Exploration and Production Guyana Ltd. (EEPGL) has awarded the company contracts to perform FEED for a FPSO for the Payara development project located in the Stabroek block in Guyana.
The licenses were identified for termination after a review of 14 license awards that were made in recent years.
Companies looking for alternatives to onshore developments have been rolling out exploration campaigns focused on areas where infrastructure already exists and using seismic data to help find more resources.
Rosgeo and PetroSA’s negotiations are focused on Block 9/11A, adjacent to where Total has made a huge oil and gas discovery.
French oil and gas major Total said it will drill another exploration well in the 11B/12B block offshore South Africa in the first quarter of next year, a senior company official said on Nov. 5.
Equatorial Guinea's Ministry of Mines and Hydrocarbons said the well, located in the Santonian reservoir offshore in the Rio Muni Basin, was drilled to a depth of 4,400 m.