The arbitration process to determine whether ExxonMobil can block the $53 billion sale of Hess Corp to Chevron is stalled due to the incomplete appointment of a third arbitrator, according to Reuters.
TGS will manage and license Tanzania’s offshore subsurface data under an agreement with the country’s Petroleum Upstream Regulatory Authority.
Previous exploration has proven various plays, TGS said, across much of the stratigraphy offshore, from early Cretaceous to Miocene reservoirs.
US oil and gas drilling company Noble has signed a definitive agreement to acquire Diamond Offshore Drilling in a cash and stock deal.
Petrobras’ new chief executive said a basin in Brazil’s Equatorial Margin, an environmentally sensitive offshore prospect seen as the country’s most promising frontier for oil exploration, was a matter of “national interest.”
A three-way race is intensifying for the Guyana offshore oilfield business, which is estimated to contain at least 11 billion barrels of oil and gas, including Exxon Mobil and Chevron, the two largest U.S. oil companies, and Hess, an oil exploration company.
Petronas Suriname E&P BV, a subsidiary of Petronas, made a third hydrocarbon discovery in Block 52 at the Fusaea-1 exploration well offshore Suriname.
We are also enabling shareholders to listen to the AGM as well as participate remotely. Instructions for joining the audio cast can be found at the end of this statement or within the Notice of Meeting.
Norway-based cleantech service provider Soiltech has landed a new contract with UK-headquartered oil and gas company Tullow Oil for operations off the coast of Mauritania.
An Exxon Mobil led oil consortium has achieved peak production of 252,000 barrels per day from its Liza Unity production vessel, Exxon Guyana Country Manager Alistair Routledge said on Wednesday.
Esgian reports that new drilling contracts have been announced in the North Sea and West Africa in its Week 17 Rig Analytics Market Roundup.