Guyana aims to have a new Petroleum Directorate set up by the end of the first quarter as it prepares for production to come online later this decade following ExxonMobil’s exploration success at the Stabroek block.
Mexican state oil company Pemex has launched an international tender for its next long-anticipated offshore project — a long-term service contract to provide a gas compression facility for the Ku-Maloob-Zaap field in the Bay of Campeche on a dayrate basis, writes Kathrine Schmidt.
Deep-water driller Transocean has taken rival Noble Corporation to court over alleged patent infringement with equipment installed aboard five high-specification floating rigs stationed in the US Gulf of Mexico, writes Luke Johnson.
TechnipFMC chief executive Doug Pferdehirt believes integrated businesses are the future, but claims his company’s approach “is different because it can provide real, structural and sustainable costs savings through the market cycle”, writes Iain Esau.
Oikl and gas operators have paid the US state of Texas more than $84 million for the right to drill state-owned parcels of land made available in a lease sale, many of which were in the red-hot Delaware sub-basin of the Permian, writes Noah Brenner.
Indonesia’s Pertamina plans to invest $54 billion in the upstream sector through to 2025 as the national oil and gas company moves to almost treble its production by the middle of the next decade, writes Amanda Battersby.