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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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Permian pipeline competition accelerates as capacity exceeds supply

Permian pipeline competition accelerates as capacity exceeds supply

Five new oil pipelines are set to open in the Permian Basin through 2021, expanding a gap between production. The approach of Hurricane Dorian toward Florida also raised fears that offshore U.S. crude producers may slow output if the storm passes into the Gulf of Mexico. Limited natural gas pipeline takeaway capacity in the region...

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Noble Energy’s first gas from Leviathan comes in $150M under budget

Noble Energy’s first gas from Leviathan comes in $150M under budget

Noble Energy announced the commencement of natural gas production from the Leviathan field. Company announced the commencement of natural gas production from the Leviathan field. It is the largest natural gas field in the Eastern Mediterranean. The stock exchange move will allow to leverage Nasdaq’s cutting-edge technology. The review was concluded with the sale of...

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McDermott in talks with lenders to file bankruptcy

McDermott in talks with lenders to file bankruptcy

McDermott International shares fell for a second day after reports that the company is negotiating. Project team remains focused on safety and quality performance. McDermott’s Lummus Technology will upgrade existing unit for production of higher value products utilizing Indmax FCC. Technology award for Next Wave Energy Partners, LP grassroots alkylate production facility in Pasadena, Texas....

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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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Maersk Drilling tags Halliburton and Petrofac for its Seapulse exploration drilling program

Maersk Drilling tags Halliburton and Petrofac for its Seapulse exploration drilling program

Maersk Drilling has signed agreements with Halliburton and Petrofac to collaborate on an exploration program. The success stories from Maersk Resolute’s recent contract with Petrogas E&P Netherlands B.V. are many. On 2 October 2017, Maersk Discoverer moved the boundaries for drilling in shallow waters. CFO Marianne Sørensen will be joining Rambøll as their new Group...

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Canacol Energy wins three new Colombian gas exploration blocks

Canacol Energy wins three new Colombian gas exploration blocks

Canacol Energy has successfully secured a 100% operated working interest in three new conventional gas exploration contracts. Company pleased to announce that it has commenced the production and sale of liquified natural gas (“LNG”), the first such operation in Colombia. Company pleased to report its financial and operating results for the three and nine months...

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Aramco IPO retail offering fully covered with one day to go

Aramco IPO retail offering fully covered with one day to go

The retail tranche of Saudi Aramco’s initial public offering is fully covered with one day to go after 3.7 million investors applied. Saudi Aramco recently honored a number of local manufacturers distinguished for offering high-quality products. Saudi Aramco is participating in the 2019 Abu Dhabi International Petroleum Exhibition & Conference (ADIPEC). Company issued a prospectus...

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Equinor to build wind farm to power oil platforms offshore Norway

Equinor to build wind farm to power oil platforms offshore Norway

Equinor made a final decision to invest in floating wind turbines to power offshore oil platforms off. Equinor and its partners confirmed a new timeline for the Rosebank project. Equinor, on behalf of the Njord licence, has awarded Saipem a subsea service contract. Hywind Tampen will cost a total of almost 5 billion kroner $550...