APA Corp. and TotalEnergies, joint venture partners offshore Suriname in Block 58, deemed the Awari exploration well non-commercial but are eager to start flow-test operations at the Sapakara South-2 (SPS-2) appraisal well, Houston-based APA reports.
London-based BP agreed to market Guyana’s share produced from the Liza Destiny and Liza Unity platforms at no charge per barrel, according to a ministry statement on Nov. 24. It replaces a Saudi Aramco trading unit, which previously held the contract.
The U.S. authorization “brings added transparency to the Venezuelan oil sector” and allows Chevron to benefit from sales of “oil that is currently being produced” by its joint ventures with PDVSA, the California-based company said in a statement.
In addition to a new mines and energy minister, President-elect Luiz Inacio Lula da Silva is expected to choose a new CEO of Petrobras early next month.
Here’s a roundup of the latest E&P headlines including new gas fields going online in Indonesia and elsewhere plus contract announcements for new projects from the past week in the upstream oil and gas industry.
Brazilian President-elect Luiz Inacio Lula de Silva has a short list of prospects for Petrobras' replacement CEO, as he expects current CEO Caio Paes de Andrade to resign on Jan. 1, 2023.
Rystad Energy foresees investments offshore Suriname reaching $23 billion through 2031 driven by activities in Block 58 while it says political uncertainties continue to muddy the outlook for Venezuela.
Venezuela had ramped up its claims to a huge, sparsely populated area west of the Essequibo River after oil was discovered offshore.
Here’s a roundup of the latest E&P headlines, including a new startup and bid round from the past week in the upstream oil and gas industry.
Colombia’s oil giant Ecopetrol is taking steps to decelerate plans related to two fracking pilots with Exxon Mobil owing to opposition from President Gustavo Petro but continues to eye low single-digit production growth next year amid positive results at home and in the Permian Basin.