Drilling & production

The Yellowtail Project is located in the Stabroek Block offshore Guyana, with water depth of 1600 - 2000 m.

Johan Castberg is Norway's northernmost oil field. The field will produce for at least 30 years.

Yellowtail’s ONE GUYANA floating production storage and offloading (FPSO) vessel joins the Destiny, Unity, and Prosperity FPSOs, bringing total installed capacity in Guyana to above 900 000 bpd of oil.

The aggregate purchase price for the Blocks and Consortiums is US$15.55 million, subject to customary working capital adjustments as of the effective date of January 1, 2025.

MOL Group continues to diversify oil supply in the region: the company has imported 85 000 t of CPC blend crude oil and signed an oil trading agreement with Kazakhstan's national oil company, KazMunayGas (KMG).

The Cherne and Bagre fields had their production halted in March 2020, and their respective production facilities have been mothballed since then.

The project adds 20 000 boe/d of gross peak annualised average production at the existing Argos platform.

Hunting Subsea Technologies delivers titanium stress joints for a major deepwater project in Guyana.

The multi-year contract includes MPD services for an initial 8 wells with the potential to expand to 24 wells. The award reinforces Weatherford’s market leadership in high-performance MPD and expands its presence in Mexico’s offshore energy sector.

Woodside has agreed to assume operatorship of the Bass Strait assets, unlocking potential development of additional gas resources, following an historic agreement with ExxonMobil Australia (ExxonMobil).

This program is federally funded under the Inflation Reduction Act (IRA) which specifically provides US$850 million in grants to reduce, monitor, measure, and quantify methane emissions from the oil and gas sector.

Baker Hughes and Chart Industries have announced that they have entered into a definitive agreement under which Baker Hughes will acquire all outstanding shares of Chart’s common stock for US$210 per share in cash, equivalent to a total enterprise value of US$13.6 billion.

According to the EIA, most of this growth was in New Mexico from crude oil produced from federal lands in the Permian Basin.

Pantheon Resources has announced it has spudded the Dubhe-1 appraisal well at the company’s Ahpun oil field on the North Slope of Alaska.

Chevron Corporation has announced that it has completed its acquisition of Hess Corporation following the satisfaction of all necessary closing conditions, including a favourable arbitration outcome regarding Hess’ offshore Guyana asset.