The ExxonMobil board of directors will consist of Michael Angelakis, Susan Avery, Angela Braly, Ursula Burns, Kenneth Frazier, Gregory Goff, Kaisa Hietala, Joseph Hooley, Steve Kandarian, Alexander Karsner, Jeffrey Ubben and Darren Woods. Douglas Oberhelman, Sam Palmisano and Wan Zulkiflee will be departing the board. “Our board looks forward to continuing to work in the […]

The Ministry of Petroleum and Energy has offered Equinor two operated production licences in the 25th licensing round in the Barents Sea. “We are pleased with the award. A steady access to acreage contributes positively to the development of the Norwegian Continental Shelf. This award brings opportunities for exploring volumes near planned infrastructure. We prioritise […]

Occidental has announced it has entered into a definitive agreement to sell non-strategic acreage in the Permian Basin to an affiliate of Colgate Energy Partners III, LLC, for $508 million, subject to closing adjustments to reflect an April 1, 2021 effective date. The transaction, which is expected to close in the third quarter of 2021, […]

Borr Drilling Limited has five rigs working for joint ventures which are jointly owned with our Mexican partner providing integrated well services for Pemex. The services commenced in May 2019 and have provided Pemex with an incremental production of approximately 125,000 barrels of oil per day from 21 wells drilled so far. In our most […]

ExxonMobil today said it made a discovery at Longtail-3 in the Stabroek Block offshore Guyana. Drilling at Longtail-3 encountered 230 feet (70 meters) of net pay, including newly identified, high quality hydrocarbon bearing reservoirs below the original Longtail-1 discovery intervals. The well is located approximately two miles (3.5 kilometers) south of the Longtail-1 well. It […]

Eni successfully drilled and tested the Maha 2 appraisal well, located in West Ganal block offshore Kalimantan, in Indonesia. The field is located 16 km South-East of Jangkrik FPU, operated by Eni. The well has been drilled to a depth of 2,970 meters in 1,115 metres water depth and encountered 43 metres of gas bearing […]

Equinor (operator) and ExxonMobil, Petrogal Brasil and Pré-sal Petróleo SA (PPSA) have decided to develop phase one of the Bacalhau field in the Brazilian pre-salt Santos area. The investment is approximately 8 billion USD. “This is an exciting day. Bacalhau is the first greenfield development by an international operator in the pre-salt area and will […]

Odfjell has been awarded a drilling contract for its Deepsea Stavanger mobile rig, scheduled to start drilling in February 2022. The contract includes continuing options after the initial phase. The contract value is estimated at around USD 40 million for the fixed part of the contract. Drilling services and other additional services, such as running […]

Shell Petroleum N.V. has signed an agreement with Malampaya Energy XP Pte Ltd (a subsidiary of Udenna Corporation), for the sale of its 100% shareholding in Shell Philippines Exploration B.V. (SPEX). SPEX holds a 45% operating interest in Service Contract 38 (SC38), which includes the producing Malampaya gas field. The base consideration for the sale […]

Tethys Oil has released update on the exploration well Thameen-1 on Block 49 onshore Oman that was drilled to its final total depth and wireline logging operations completedThe drilling of the Thameen-1 exploration well stands out as quite a transformational event for Tethys Oil and certainly as the most significant event during the first quarter […]