South America
Exploration & Production , Policy & Regulations
US Grants Chevron Another Three Months For Venezuela Operations
The U.S. Treasury Department on Jan. 18 granted permission for Chevron Corp, the last major U.S. oil company operating in Venezuela, to continue working in the country until April 22.
Highlights
Best Of This Week’s Drilling Activity Highlights (Jan. 17, 2020)
Continental Resources’ Middle Bakken discovery, extended-lateral Haynesville Shale producers and a Wolfcamp well tested by EOG top this week’s drilling activity highlights from around the world.
Crude Oil , Policy & Regulations , Trade
OPEC Expects Lower Demand For Its Oil As US Hits New Milestone
OPEC expects lower demand for its crude oil in 2020 as rival producers grab market share and the U.S. looks set for another output record.
Business , Exploration & Production , International , Drilling
Three Years After $1 Billion Venezuela Deal, US Oilfield Firm Shuts Doors
Horizontal Well Drillers LLC, a closely held U.S. driller, has shut its doors, according to three people familiar with the matter.
Trends
A&D Transactions From The Week Of Jan. 8, 2020
Here’s a snapshot of recent energy deals including the sale of Shell’s remaining Haynesville position plus the closing of Callon’s $2.7 billion merger with Carrizo Oil & Gas.
Discoveries
Apache, Total Make Significant Oil Discovery Offshore Suriname
Results from the Maka Central discovery prove “significant potential” for the entire 1.4 million acres that comprise Block 58 offshore Suriname, says Apache CEO John Christmann.
Public Capital , Discoveries
Tullow Shares Drop On Doubts Over New Offshore Guyana Well
Tullow Oil said the Carapa well offshore Guyana had struck oil at about 4 m of net pay, which analysts believe is unlikely to be commercially viable.
Deepwater
Equinor Reports Commercial Viability Of Pre-Salt Carcará Discovery In Brazil
Norway's Equinor ASA has submitted to Brazil's oil industry regulator ANP declarations of the commercial viability of two blocs licensed in the Carcara oil field in the pre-salt region of the Santos basin, the company said on Dec. 26.
Exploration & Production
Shell Wins Auction For Guyana's First Three Crude Oil Cargoes
Royal Dutch Shell won the rights to market Guyana's first cargoes of crude oil, the government said on Dec. 24, just days after oil production began and launched the impoverished South American country into the ranks of world suppliers.
Discoveries
Exxon Mobil, Partners Strike Oil Offshore Guyana
The latest discovery was made by the Mako-1 well drilled about 10 km southeast of the Liza Field.