News

MIAMI – Exploration in the Americas last year in 2020 held up better than expected. Among the largest offshore discoveries were at Kwaskwasi offshore Suriname.  Apache Corp. and partner Total have made what may be their largest oil discovery to date....

Beacon Offshore Energy LLC has made an oil discovery in the deepwater Gulf of Mexico, according to partner Kosmos Energy. Miami – Yet another oil find in the Gulf of Mexico!  Beacon Offshore Energy LLC has made an oil discovery at the Winterfell prospect on Green...

NASSAU, the Bahamas – A Bahamian justice official has declined to grant orders requested by environmental groups that would impact the offshore Perseverance #1 well.  “This is a very positive outcome for the completion of the Perseverance #1 well.”

RICHMOND, Virginia – The keel for Dominion Energy’s offshore wind turbine installation vessel Charybdis has been laid. Said to be one of the biggest vessels of its kind in the world, it will have accommodations for up to 119 people.The overall project cost is...

South America’s offshore production is set to overtake volumes from North America by 2024, according to GlobalData. MIAMI – South America’s offshore production is set to overtake volumes from North America by 2024, according to GlobalData. Major projects off Brazil...

The Atlantis Phase 3 project in the deepwater Gulf of Mexico started production in July 2020, BHP revealed in its latest operational review. MIAMI, Florida – The Atlantis Phase 3 project in the deepwater Gulf of Mexico started production in July 2020, BHP revealed in...

Tullow awarded Stena Drilling contract offshore Suriname Offshore staff This is in addition to Hess Corp.’s 2020 allocation of $450 million toward exploration and appraisal wells on the Stabroek and Kaieteur blocks offshore Guyana (Hess 30% and...

Pemex has awarded Dolphin Drilling an $83-million contract for use of the semisubmersible Blackford Dolphin in the Mexican sector.

Noble Corp. plc and ExxonMobil have executed a commercial enabling agreement for drilling services in the Guyana-Suriname basin. Feb 11th, 2020 The ultra-deepwater drillship Noble Bob Douglas. (Courtesy Noble Corp.) LONDON – Noble Corp....

ExxonMobil made an oil discovery offshore Guyana at the Mako-1 well southeast of Liza field, marking the 15th discovery on Stabroek block. The discovery adds to previously announced estimated recoverable resources of more than 6 billion boe on Stabroek alone....

MIAMI – Valaris plc has received new contracts and contract extensions, with associated revenue backlog of about $285 million. Exxon has awarded the VALARIS JU-87 a 21-well contract in the US Gulf of Mexico that is expected to start...

MIAMI, Florida – Petrobras is on track to become the world’s largest oil producer among publicly listed companies by 2030, based on Rystad Energy’s latest data and forecasts. Brazil’s national oil company Petrobras is the world’s fastest growing...