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.

January 19, 2020

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.

January 17, 2020

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.

January 15, 2020

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.

January 13, 2020

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.

January 8, 2020

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.

January 7, 2020

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.

January 2, 2020

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.

December 26, 2019

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.

December 25, 2019

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.

December 23, 2019