CNOOC Ltd announces Yellowtail Project commences production
The Yellowtail Project is located in the Stabroek Block offshore Guyana, with water depth of 1600 - 2000 m.
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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.
SAMSUNG E&A has announced that it received Letter of Award (LOA) for the Front-End Engineering Design (FEED) contract for the ‘Indonesia INPEX Abadi Onshore LNG Project’ from INPEX Masela Ltd, a subsidiary of Japan’s largest energy company INPEX.
The firm scope, expected to generate revenue in excess of US$45 million, will be executed using the Well-Safe Defender and consists of a minimum of 100 days of activity in 2026 and a minimum of 130 days in 2027.
bp announces an oil and gas discovery at the Bumerangue prospect in the deepwater offshore Brazil.
Argentina: TotalEnergies divests its interest in two Vaca Muerta unconventional blocks.
The Tengiz Gas Separation Complex (GSC) project’s scope of work includes engineering, procurement, construction and commissioning works. TECNIMONT will be mainly responsible for the Engineering, Procurement and Commissioning.
The project aims to boost output from Qatar's largest oilfield by developing new platforms, pipelines, and infrastructure to reach a production plateau of 300 000 bpd.
The partnership will focus on enhancing operational efficiencies across critical domains such as finance, supply chains, and human resources.
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).