The winning companies offered bids totaling $724 million, the government said, to explore the areas that are located in the South Atlantic, some near the Malvinas Islands under the control of the British government, but whose sovereignty is claimed by Argentina.
Geologist provides food for thought as companies target the Guyana-Suriname Basin following the Exxon Mobil-led winning streak.
Total spent $267 million on a 23% stake in 2017, with an option to take full control in 2022, and recently increased its holding to 30% after a capital increase to fund Total Eren's acquisition of NovEnergia.
Industry-funded, integrated research seeks to improve unconventional and conventional reservoir characterization for onshore, offshore field production and development.
OPEC sources said there were conflicting views on the significance of the Russian outage, and that the complexity of Russia's pipeline system meant the issue was not straightforward.
Executives from Exxon Mobil Corp., BP America and Wood Mackenzie were among those taking a look at the future of the industry in the Americas during OTC in Houston.
Investors have plenty of opportunities to take part in strengthening Brazil’s energy sector.
For Petrobras, the world’s largest deepwater producer, technology remains on the radar to push forward limits offshore, according to Rudimar Andreis Lorenzatto, the company’s chief technology and production development executive officer.
Offshore executives opened the Offshore Technology Conference (OTC) discussing the energy outlook as far ahead as 2040, their role in climate change, big data developments and more during the opening session at NRG Stadium in Houston.
