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ADNOC awards Petrofac $1.65B Dalma Gas Development contract

ADNOC awards Petrofac $1.65B Dalma Gas Development contract

Petrofac Emirates has been awarded two contracts, together worth around US$1.65 billion with Abu Dhabi National Oil Company in the United Arab Emirates. The new 15-year agreement, with an option of a 5-year extension, will enable ADNOC L&S to unlock value. In man-hours, the two FEED contracts, collectively, are the largest awarded by an oil...

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ExxonMobil’s latest discovery raises Guyana recoverables above 8 billion barrels

ExxonMobil’s latest discovery raises Guyana recoverables above 8 billion barrels

ExxonMobil has increased its estimated recoverable resource base in Guyana to more than 8 billion oil equivalent barrels. Exxon Mobil Corporation will release fourth quarter 2019 financial results on coming Friday. ExxonMobil has increased its estimated recoverable resource base in Guyana to more than 8 billion oil equivalent barrels. It made a further oil discovery...

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New York won’t appeal its defeat in Exxon climate trial

New York won’t appeal its defeat in Exxon climate trial

New York said it won’t appeal a ruling by a judge who last month rejected the state’s claim. Mako-1 well is located southeast of the Liza field on the Stabroek Block. ExxonMobil issued the statement in response to the verdict from the Supreme Court of the State of New York. It misled investors for years...

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Exxon expands Eastern Mediterranean offshore holdings

Exxon expands Eastern Mediterranean offshore holdings

ExxonMobil has secured more than 1.7 million acres for exploration offshore Egypt. Increases polyethylene plant production capacity by 65 percent or 650,000 tons-per-year. It acquires more than 1.7 million acres offshore Egypt. Mako-1 well is located southeast of the Liza field on the Stabroek Block, which began producing oil Dec. 20, 2019. Production for Liza...

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ExxonMobil and partners discover more oil in Starbroek block offshore Guyana

ExxonMobil and partners discover more oil in Starbroek block offshore Guyana

ExxonMobil and its partners made an oil discovery offshore Guyana at the Mako-1 well southeast of the Liza field. Technology removes carbon dioxide from industrial sources and the atmosphere. ExxonMobil has held throughout the New York Attorney General’s baseless investigation. It marking the 15th discovery on the Stabroek Block. Hooley currently serves as the non-executive...

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Apache, Total form Suriname offshore exploration joint venture

Apache, Total form Suriname offshore exploration joint venture

Apache and Total announced a joint venture agreement to explore and develop Block 58 offshore Suriname. Everybody in the offshore oil and gas business has heard of the new oil El Dorado- Guyana. Kosmos Energy has again failed to unearth oil at an exploration well offshore Suriname. Offshore oil and gas company Kosmos Energy will...

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Talos Energy to spend $640 million acquiring Gulf of Mexico acreage and prospects

Talos Energy to spend $640 million acquiring Gulf of Mexico acreage and prospects

Talos Energy has entered into a series of definitive agreements to acquire a broad portfolio of U.S. Gulf of Mexico producing assets. Company announced that the Company has entered into a series of definitive agreements to acquire a broad portfolio of U.S. Gulf of Mexico producing assets. Company announced its financial and operational results for...

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Exxon prevails over New York in climate change lawsuit

Exxon prevails over New York in climate change lawsuit

Exxon Mobil won a closely watched securities-fraud trial that delved into its internal accounting for the financial risks of climate change. Company issued the following statement in response to the verdict from the Supreme Court of the State of New York. Joseph L. Hooley has been elected to its board of directors, effective Jan. 1,...

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Equinor hopes for a dry well near Troll, for potential CO₂ storage

Equinor hopes for a dry well near Troll, for potential CO₂ storage

For the first time, an exploration well is being drilled in the North Sea where the objective is not to find oil or gas. New York State governor Andrew M. Cuomo announced Equinor’s Empire Wind. Equinor and Masdar have joined forces with ORE Catapult to share floating offshore wind data. The well is being drilled...

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Speakers at IPAA’s annual meeting laud industry, see tough election ahead

Speakers at IPAA’s annual meeting laud industry, see tough election ahead

The Independent Petroleum Association of America (IPAA) kicked off the first day of its annual meeting on last Thursday. Interior Secretary Ryan Zinke will depart at the end of the year. Telegram and its parent company, Hearst, continue their tradition of honoring the area’s energy industry. Two Capitol Hill insiders sorting out the issues for...