Guyana eyes directorate

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.

Jagged Peak launches IPO

Private equity-backed Jagged Peak Energy of the US has launched its initial public offering of equities worth up to $791 million in what would be the first IPO for an upstream company this year.

Integration ‘the way to the future’

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.

14,000 acres sold by Texas

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.

Pertamina to ramp up output

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.