Ecopetrol will take a 40% stake in the blocks while Occidental Petroleum subsidiary Anadarko Colombia Co. will have a 60% stake and will serve as the blocks’ operator, Ecopetrol said.
The sale process, which had been in binding phase since late 2018, has been called off “considering the alignment of the concessions to the company’s strategy,” Petrobras said.
“The production start-up of the first permanent FPSO in Libra block is a new milestone for TotalEnergies in Brazil,” CEO Patrick Pouyanné says.
The three new discoveries offshore Guyana increases Exxon Mobil’s estimate of the recoverable resource for the Stabroek Block to nearly 11 billion oil-equivalent barrels.
Asked if the U.S. had reached out to talk about potential oil production increases, Brazilian Energy Minister Bento said the two countries were cooperating.
Hunting’s Direct Pull-Through installation methodology is intended to simplify installation and enhance safety during project execution for the Yellowtail development—Exxon Mobil’s fourth, and largest, project within the Stabroek Block offshore Guyana.
SBM Offshore will develop, lease and operate Exxon Mobil’s ONE GUYANA FPSO for the $10 billion Yellowtail project offshore Guyana.
TotalEnergies and Sempra partnered to develop an LNG export facility in Mexico as well as several renewable projects both onshore and offshore, adding on to their existing partnerships.
PDVSA has doubled the number of stations that charge in dollars.