South America

Energy Transition , Technology

Woodside Collaborates with Bill Gates-backed Heliogen on Solar Project

Heliogen has been granted a Limited Notice To Proceed by Woodside to begin procurement of key equipment for a 5 megawatt (MW) commercial-scale demonstration facility in California. 

October 18, 2021

Field Development

Chevron Signs Offshore Oil Output Sharing Contract with Suriname State Firm

Chevron, which agreed to pay a signing bonus of $30.88 million, is expected to cover the offshore block’s exploration costs in a first phase that will last six years, Suriname state oil company Staatsolie said.

October 14, 2021

Field Development , Digital Oilfield , Logistics

Expro’s Octopoda Achieves World Record Depth for Annular Intervention

The Octopoda system successfully reached 300 m in the annulus, a world record depth, and sealed the C annulus of the well.

October 13, 2021

Exploration & Production

Occidental Petroleum to Invest $1.4 Billion Offshore Colombia

A subsidiary of Occidental Petroleum signed exploration and production contracts for four offshore blocks located off Colombia’s Caribbean coast, the national hydrocarbons agency said in a statement.

October 11, 2021

Highlights , Shale Plays

Best of This Week’s Drilling Activity Highlights (Oct. 8, 2021)

Three Wolfcamp A completions in Howard County, Texas by Birch Operations plus a Utica Shale discovery and another Exxon Mobil Guyana find top this week’s oil and gas drilling activity highlights from around the world.

October 8, 2021

Exploration & Production , Lease Sales

Update: Only Shell, Ecopetrol Place Bids in Disappointing Brazil Oil Auction

The combined minimum bids for all the 92 blocks up for grabs was 558 million reais, though only five blocks received bids, all of which were in the Santos Basin off the coast of southeast Brazil.

October 7, 2021

Discoveries

Exxon Mobil Raises Resource Estimate at Guyana's Stabroek Block

Hess CEO John Hess said he sees "multibillion barrels of additional exploration potential remaining on the block."

October 7, 2021

Acquisitions & Divestitures , Trends , Mergers

Energy A&D Transactions from the Week of Oct. 6, 2021

Here’s a snapshot of recent energy deals including the closing of the $9.25 billion all-stock merger of Cabot Oil & Gas and Cimarex Energy forming Coterra plus a Midland Basin bolt-on acquisition by Earthstone Energy.

October 6, 2021

Acquisitions & Divestitures , Trends , Mergers

Energy A&D Transactions from the Week of Sept. 29, 2021

Here’s a snapshot of recent energy deals including the closing of Whiting Petroleum’s D-J Basin exit plus the sale of ConocoPhillips’ stake in a Vaca Muerta Shale project.

September 29, 2021

Reservoir Evaluation

US Oil Producer APA Plugs, Abandons Offshore Well in Suriname

APA Suriname holds a 50% working interest in the block, with French energy major TotalEnergies holding the rest.

September 29, 2021