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Petrobras pulls off Uirapuru oil discovery in Santos Basin

Petrobras pulls off Uirapuru oil discovery in Santos Basin

Uirapuru oil discovery : Petróleo Brasileiro (Petrobras) has pulled off an oil discovery in the Uirapuru block in the Santos Basin pre-salt in Brazilian waters through the drilling of a pioneer well. The Brazilian oil giant said that the pioneer well is located nearly 200km off the coast of the city of Santos in São […]

Bacalhau oil field : Japanese firm MODEC wins FPSO contract from Equinor

Bacalhau oil field : Japanese firm MODEC wins FPSO contract from Equinor

MODEC has bagged a contract to deliver a floating production storage and offloading vessel (FPSO vessel) from Equinor Brasil Energia for the Bacalhau oil field (formerly Carcará oil field) in Brazilian waters. The Japanese offshore floating platform provider has signed a sales and purchase agreement (SPA) in this regard with the Equinor subsidiary. In December […]

Liza oil field : ExxonMobil, Hess begin production from Guyanese oil project

Liza oil field : ExxonMobil, Hess begin production from Guyanese oil project

Liza oil field production : ExxonMobil, Hess and other partners in the Stabroek Block in Guyanese waters have started production from the first phase of the deepwater Liza oil project ahead of schedule and within five years following its discovery. According to ExxonMobil, production from the $4.4 billion Liza field phase 1 development is likely […]

Vår Energi wraps up $4.5bn acquisition of ExxonMobil’s Norwegian upstream assets

Vår Energi wraps up $4.5bn acquisition of ExxonMobil’s Norwegian upstream assets

Vår Energi celebrated its first anniversary by wrapping up its previously announced $4.5 billion acquisition of the non-operated upstream assets of ExxonMobil in the Norwegian North Sea and the Norwegian Sea. The Norwegian oil and gas company, which is owned by Eni (69.6%) and HitecVision (30.4%), has doubled its production from the Norwegian Continental Shelf […]

Equinor reports Echino South oil and gas discovery near Fram field

Equinor reports Echino South oil and gas discovery near Fram field

Echino South oil and gas discovery : Equinor and its partners, through the drilling of the 35/11-23 exploration well at the Echino South prospect have pulled off an oil and gas discovery near the producing Fram field operated by the company in the northern part of the North Sea, offshore Norway. The Norwegian oil and […]

Vår Energi to acquire ExxonMobil’s Norwegian upstream assets

Vår Energi to acquire ExxonMobil’s Norwegian upstream assets

Norwegian oil and gas company Vår Energi has signed a $4.5 billion deal to acquire the non-operated upstream assets of ExxonMobil in the North Sea and the Norwegian Sea. The acquisition will give Vår Energi access to 20 plus producing fields offshore Norway, which including Grane, Snorre, Fram, Ormen Lange, and Statfjord among others. Put […]

Trestakk field starts oil production from Åsgard A platform

Trestakk field starts oil production from Åsgard A platform

Equinor Energy, ExxonMobil and Vår Energi have announced the start of production from the Trestakk field in the Norwegian Sea, on time, and without any serious incidents. The Trestakk oil and gas field, which is located on Haltenbanken Norwegian Sea in a depth of around 3,900 metres, is tied back to the Åsgard A floating […]

New York sues ExxonMobil over alleged climate change risk fraud

New York sues ExxonMobil over alleged climate change risk fraud

New York’s attorney general has filed a lawsuit against ExxonMobil, accusing the oil and gas producer of misleading investors about the risks of climate change regulations to its business. The attorney general alleged that ExxonMobil defrauded investors by misleading them into believing that it accounted for the financial risks associated with the stringent regulations over […]