Upstream news
ExxonMobil makes three new discoveries offshore Guyana
The three new discoveries offshore Guyana have increased its estimate of the recoverable resource for the Stabroek Block to nearly 11 billion boe.
Greater Ekofisk Area production licenses extended
The Ministry of Petroleum and Energy (MPE) has extended the production licenses in the Greater Ekofisk Area from 2028 to 2048.
Petrobras concludes the sale of E&P assets in the Paraná Basin
The amount received at the closing adds to the amount of US$56 700 paid to Petrobras when the sale contracts were signed, totalling an amount of US$63 000.
Rystad Energy publishes oil market note from senior vice president of analysis
Global oil demand is expected to reduce as a result of slowing economic activity and GDP growth cuts.
CNOOC announces that two projects have commenced production
CNOOC announced that Luda 5-2 oilfield north phase I project and Kenli 6-1 oilfield 4-1 block development project have commenced production.
TechnipFMC awarded significant integrated EPCI contract by Wintershall Dea
The project will boost production at the existing Maria field in the Norwegian Continental Shelf. The contract includes subsea trees, spools, jumpers, and flexible pipes.
Maersk Drilling sells jack-up rig Maersk Convincer
The transaction will contribute to the optimisation of Maersk's fleet in line with the company's strategic priorities.
Petrobras and Equinor start production at IOR project offshore Brazil
Production has started from the first two wells at the Roncador increased oil recovery (IOR) project, bringing daily production to approximately 150 000 barrels.
New oil and gas discoveries in the Meleiha concession, Egypt
Eni announces new oil and gas discoveries in Western Desert for approximately 8500 boe per day.
Hurricane Energy releases 2022 production guidance
The company's production guidance for the full calendar year 2022 is 7500 - 8600 bpd.