Tag Archive

Eni awarded exploration block in Argentina’s offshore

Eni awarded exploration block in Argentina’s offshore

May 21, 2019 No Comments

The Argentinian authorities officially awarded the exploration license of offshore block MLO 124 to an Eni-led consortium. The award is the outcome of the consortium’s successful bid in the International Bid Round “Ronda Costa Afuera n. 1” held on 16 April 2019. Block MLO 124 is located offshore in the Cuenca Marina Malvinas (the Malvinas […]

GE Renewable Energy signs an MOU with Eolien Maritime France

April 23, 2019 No Comments

GE Renewable Energy announced that it has signed a Memorandum Of Understanding with Eolien Maritime France (EMF) confirming its commitment to provide and service Haliade 150-6MW turbines to the first French EMF offshore wind farm to be cleared of any legal recourse. This memorandum of understanding terminates GE’s exclusive supplier status on the two other […]

Tags: , Renewables
Equinor wins 7 exploration blocks offshore Argentina

Equinor wins 7 exploration blocks offshore Argentina

April 17, 2019 No Comments

Equinor adds seven offshore exploration blocks to its portfolio, after presenting winning bids in the 1st Offshore Licensing Round in Argentina. The bid round was arranged in Buenos Aires on 16 April. Equinor submitted the winning bids for five blocks as operator. Equinor also participated in winning bids for one block to be operated by […]

ExxonMobil adds 4.5 billion barrels to reserves

ExxonMobil adds 4.5 billion barrels to reserves

February 27, 2019 No Comments

Exxon Mobil Corporation said today it added 4.5 billion oil-equivalent barrels of proved oil and gas reserves in 2018, replacing 313 percent of the year’s production. Higher prices and unconventional drilling drive proved reserves additions Reserves life at current production rates is 17 years Continuing success in exploration and strategic acquisitions in Guyana and Brazil […]

Cairn Announce Senegal Update

Cairn Announce Senegal Update

February 25, 2019 No Comments

SNE FIELD DEVELOPMENT SECURES FPSO AHEAD OF FID Woodside, as Operator of the Rufisque Offshore, Sangomar Offshore and Sangomar Deep Offshore (RSSD) joint venture1, has awarded MODEC International Inc.2 the front-end engineering design (FEED) contract for the SNE Field Development Phase 1 floating production storage and offloading (FPSO) facility. Following FEED, and subject to necessary […]

Hess Announces Two New Discoveries Offshore Guyana

Hess Announces Two New Discoveries Offshore Guyana

February 6, 2019 No Comments

Hess Corporation (NYSE:HES) today announced positive results from the Tilapia-1 and Haimara-1 wells offshore Guyana, bringing the total number of discoveries on the Stabroek Block to 12. “These two discoveries demonstrate the continuing exploration potential on the prolific Stabroek Block and add to the previously announced gross discovered recoverable resource estimate of more than 5 […]

TechnipFMC Awarded ExxonMobil Refinery Expansion Project Contract

TechnipFMC Awarded ExxonMobil Refinery Expansion Project Contract

January 31, 2019 No Comments

TechnipFMC (NYSE:FTI) (PARIS:FTI) has been awarded a large (contract ranges between $500 million and $1 billion) reimbursable contract by ExxonMobil for detailed engineering, procurement, and construction for the recently announced crude expansion project in Beaumont, Texas, USA. The awarded scope covers the addition of four new units – atmospheric pipe still, kerosene hydrotreater, diesel hydrotreater […]

CNOOC Announces 2019 Business Strategy and Development Plan

CNOOC Announces 2019 Business Strategy and Development Plan

January 29, 2019 No Comments

On January 23, 2019, CNOOC Limited announced its business strategy and development plan for the year 2019. The company’s net production target for 2019 is 480 million to 490 million barrels of oil equivalent (BOE), of which, production from China and overseas accounts for approximately 63% and 37%, respectively. The company’s net production for 2018 […]

Shell and PGGM explore  joint acquisition of Eneco

Shell and PGGM explore joint acquisition of Eneco

January 14, 2019 No Comments

PGGM and Shell have joined forces to explore the opportunity to participate in the controlled auction for the sustainable energy provider Eneco. In December 2018 Eneco and its shareholders’ committee announced the start of the privatisation process. This consortium is impressed with Eneco’s achievements in transforming the Dutch energy system through investments in sustainability and […]

Shell grows Bonga oil production

Shell grows Bonga oil production

December 18, 2018 No Comments

Crude oil production from the deepwater asset of the Shell Nigeria Exploration and Production Company (SNEPCo), Bonga field, has reached over 800 million barrels. Shell’s Media Relations Manager, Bamidele Odugbesan, in a statement, said the feat was achieved in 13 years of production from the field. He added it confirms the oil giant as a […]

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