SPRING, TEXAS (By ExxonMobil, 22.Sep.2025, Words: 312) — ExxonMobil has made a final investment decision (FID) for the Hammerhead development offshore Guyana, after receiving the […]
Tag: Cnooc
Trinidad officially closes 2025 Deep Water Competitive Bidding Round
PORT OF SPAIN, TRINIDAD AND TOBAGO (By MEEI, 18.Sep.2025, Words: 519) — On 17 Sep. 2025 the Ministry of Energy and Energy Industries (MEEI) officially […]
CNOOC reports oil and gas output reaches new record, updates on Guyana
HONG KONG  (By CNOOC, 27.Aug.2025, Words: 872) — CNOOC Limited announced its 2025 interim results. In the first half of 2025, with the concerted efforts of […]
Petrobras says BĂşzios field surpasses record level of 900,000 b/d
SALVADOR DE BAHIA, BRAZIL (By Pedro Silva, Energy Analytics Institute, 18.Aug.2025, Words: 430) — The Petrobras-operated BĂşzios field set a production record and surpassed output of […]
CNOOC announces Yellowtail project commences production offshore Guyana
PANAMA CITY, PANAMA (By Piero Stewart, Energy Analytics Institute, 8.Aug.2025, Words: 226) — CNOOC Limited confirmed the Yellowtail project offshore Guyana in the Stabroek block, […]
EAI brief: Stabroek Petroleum Agreement v. IFRS
PANAMA CITY, PANAMA (By Piero Stewart, Energy Analytics Institute, 24.Jul.2025, Words: 91) — The prolific Stabroek block offshore Guyana just welcomed in a new player: […]
Fact sheet: Guyana oil production offshore in 4Q:24 and projected for 2027 and 2030
PANAMA CITY, PANAMA (By Piero Stewart, Energy Analytics Institute, 20.Jul.2025, Words: 207) — Gross crude oil production offshore Guyana in the prolific Stabroek block averaged […]
Chevron completes $53bn acquisition of Hess Corporation, eyes Guyana production growth
PANAMA CITY, PANAMA (By Piero Stewart, Energy Analytics Institute, 18.Jul.2025, Words: 722) — Chevron Corporation has finally completed its acquisition of Hess Corporation following the […]
ExxonMobil eyes 950,000 b/d this year offshore Guyana when fourth FPSO comes online
PANAMA CITY, PANAMA (By Piero Stewart, Energy Analytics Institute, 16.May.2025, Words: 306) — ExxonMobil Guyana Limited, which is producing around 650,000 barrels per day (b/d) […]
Exxon eyes $10bn Yellowtail start-up and Hammerhead FID in 2025
PANAMA CITY, PANAMA (Piero Stewart, Energy Analytics Institute, 2.May.2025, Words: 257) — Spring, Texas-based ExxonMobil Corporation looks to startup its 250,000 barrel per day (b/d) […]
ExxonMobil Guyana awards MODEC contract for Hammerhead FPSO to be moored in Stabroek
PANAMA CITY, PANAMA (By Piero Stewart, Energy Analytics Institute, 21.Apr.2025, Words: 320) — ExxonMobil Guyana Limited awarded MODEC, Inc. a contract to develop a floating […]
ONE GUYANA FPSO reaches Guyana, joins Destiny, Unity and Prosperity in Stabroek
PANAMA CITY, PANAMA (By Piero Stewart, Energy Analytics Institute, 16.Apr.2025, Words: 235) — The ONE GUYANA floating, production, storage and offloading (FPSO) unit, the fourth […]
INEOS Energy wraps up acquisition of CNOOC US Gulf Coast assets
ATLANTA, GEORGIA (Chad Archey, Energy Analytics Institute, 2.Apr.2025) — INEOS Energy completed the acquisition of the US Gulf business held by CNOOC Energy Holdings U.S.A. […]
CNOOC Limited announces 2024 annual results
HOUSTON, TEXAS (Editors at Energy Analytics Institute, 27.Mar.2025) — CNOOC Limited and 80883 announced 2024 annual results for the year ended 31 Dec. 2024, which […]
EnerMech inks pre-commissioning deal for ONE GUYANA FPSO by SBM Offshore
PANAMA CITY, PANAMA (Piero Stewart, Energy Analytics Institute, 3.Mar.2025) — EnerMech, which specializes in integrated solutions for complex projects around the world, has been selected […]
FPSO Almirante Tamandaré Comes Online in the Pre-Salt Santos Basin
BELIZE CITY, BELIZE (Aaron Simonsky, Energy Analytics Institute, 15.Feb.2025) — The floating production storage and offloading (FPSO) unit Almirante TamandarĂ© (BĂşzios 7) — with production […]
ExxonMobil’s Payara Celebrates 100 MMbbls of Oil Produced in Just 15 Months
HOUSTON, TEXAS (Pietro D. Pitts, Energy Analytics Institute, 13.Feb.2025) — ExxonMobil Corporation, which operates the Stabroek Block offshore Guyana, celebrated 100 million barrels (MMbbls) of oil […]
Exxon Applies for Longtail Environmental Permits: Reuters
PANAMA CITY, PANAMA (Piero Stewart, Energy Analytics Institute, 13.Feb.2025) — Spring, Texas-based ExxonMobil Corporation has reportedly applied for environmental permits related to its Longtail development […]
ExxonMobil eyes Yellowtail development startup Offshore Guyana in 3Q:25
HOUSTON, TEXAS (Editors at Energy Analytics Institute, 31.Jan.2025) — ExxonMobil Corporation expects the startup of the 250,000 barrel per day (b/d) Yellowtail development in the […]
CNOOC Limited eyes net production of 2 MMboe/d in 2025
HOUSTON, TEXAS (Editors at Energy Analytics Institute, 22.Jan.2025, Words: 539) — CNOOC Limited announced its business strategy and development plan for the year 2025. CNOOC […]
CNOOC Fined ÂŁ825,000 for North Sea Flaring or Venting Breaches
HOUSTON, TEXAS (Editors at Energy Analytics Institute, 9.Jan.2025) — The North Sea Transition Authority (NSTA) has imposed a penalty of ÂŁ125,000 on CNOOC Petroleum Europe […]
Fact sheet: $30.25/bbl breakeven for first 4 Stabroek developments offshore Guyana
HOUSTON, TEXAS (By Pietro D. Pitts, Energy Analytics Institute, 9.Jan.2025, Words: 581) — Not even crude oil prices down to $35/bbl will impact the ability […]
SBM says FPSO Alexandre de GusmĂŁo leaves China for Brazil
BELIZE CITY, BELIZE (Aaron Simonsky, Energy Analytics Institute, 23.Dec.2024, Words: 428) — The floating production storage and offloading (FPSO) Alexandre de GusmĂŁo has left the […]
ExxonMobil completes purchase of FPSO Liza Destiny offshore Guyana
PANAMA CITY, PANAMA (Piero Stewart, Energy Analytics Institute, 19.Dec.2024, Words: 300) — SBM Offshore and Exxon Mobil Corporation affiliate ExxonMobil Guyana Ltd. completed a transaction […]
Exxon-led consortium offshore Guyana brings money, builds production
CARACAS, VENEZUELA (Piero Stewart, Energy Analytics Institute, 18.Dec.2024, Words: 385) — ExxonMobil Corporation, with the previous announcement of the Hammerhead and Longtail projects offshore Guyana, […]
CNOOC Divests US GOM Business to INEOS EnergyÂ
(Steve Stewart, Energy Analytics Institute, 14.Dec.2024) — Multinational chemical company INEOS Energy acquired the US Gulf of Mexico (GOM) business held by CNOOC Energy Holdings […]
Indonesia’s Tangguh LNG project reaches $7bn FID
HOUSTON, TEXAS (Editors at Energy Analytics Institute, 22.Nov.2024, Words: 259) — The joint venture (JV) partners of the Tangguh LNG Project led by bp, the […]
SBM Offshore completes $1.5bn FPSO Jaguar financing
CARACAS, VENEZUELA (Piero Stewart, Energy Analytics Institute, 21.Nov.2024) — SBM Offshore completed the project financing of the floating production storage and offloading (FPSO) vessel Jaguar […]
Exxon, Hess and CNOOC Hit 500 MMbbls Milestone Offshore Guyana
HOUSTON, TEXAS (Pietro D. Pitts, Energy Analytics Institute, 13.Nov.2024) — ExxonMobil Guyana Limited and its Stabroek Block co-venturers, Hess Corporation and CNOOC reached an offshore […]
Mero 3 FPSO Starts Production in Libra Pre-salt Offshore Brazil
(Energy Analytics Institute, 30.Oct.2024) — Brazil’s state-owned Petrobras announced that on 30 Oct. 2024 the Marechal Duque de Caxias platform ship (Mero 3) has started […]
Hess says net production in Guyana in 3Q:24 rose 57% year-over-year
HOUSTON, TEXAS (Pietro D. Pitts, Energy Analytics Institute, 30.Oct.2024) — New York City-based Hess Corporation said its net production in the prolific Stabroek block offshore […]
CNOOC Africa Inks EDPC with Midland Oil Company in Iraq
(Energy Analytics Institute, 29.Oct.2024) — CNOOC Limited’s wholly owned subsidiary, CNOOC Africa Holding Ltd., entered into an Exploration, Development & Production Contract (EDPC) with Midland […]
CNOOC Says Xijiang 30-2 Oilfield Xijiang 30-1 Development Starts Production
(Energy Analytics Institute, 21.Oct.2024) — CNOOC Limited and 80883 announced that the Xijiang 30-2 Oilfield Xijiang 30-1 block development project commenced production ahead of schedule. The […]
CNOOC Inks 4 Contracts for Blocks Offshore Brazil
(Energy Analytics Institute, 17.Oct.2024) — CNOOC Limited’s wholly owned subsidiary, CNOOC Petroleum Brasil Ltda, entered into 4 Concession Contracts for exploration blocks offshore Brazil with the Brazilian […]
Petrobras Inks 3 Concession Pelotas Basin Contracts
(Energy Analytics Institute, 9.Oct.2024) — Petrobras signed the three remaining concession contracts from the 4th Permanent Concession Offer Cycle. The concessions were acquired in partnership […]
CNOOC Brings Online Bozhong 19-2 Oilfield Development Project
(Energy Analytics Institute, 7.Oct.2024) — CNOOC Limited and 80883 said the Bozhong 19-2 Oilfield Development Project has started production. Peak production from the project is […]
Chevron Agrees Hess CEO Will Not Join Board in Deal with US Regulator, Bloomberg Reports
(Reuters, 26.Sep.2024) — U.S. energy major Chevron has agreed Hess CEO John Hess will not join its board in an agreement with the U.S. Federal […]
TotalEnergies to Supply 1.25 Mt/y of LNG to CNOOC until 2034
(TotalEnergies, 19.Sep.2024) — In line with its strategy to grow its long-term liquefied natural gas (LNG) sales, TotalEnergies announces a 5-year extension of its sales and […]
Exxon plans new Guyana oil project to lift output into 2030s
(Bloomberg, 18.Jul.2024) — Exxon Mobil Corp. took the first step toward its seventh oil project in Guyana, a clear signal the supermajor intends to expand crude […]
CNOOC Mades Major Exploration Breakthrough in Bohai Bay
(CNOOC, 15 July 2024) – CNOOC Limited has achieved a major exploration breakthrough in Mesozoic buried hill offshore Bohai Bay. Longkou 7-1 oilfield is located […]
Exxon-Hess Arbitration Panel Incomplete, Hess Sale to Chevron Stalled
(Reuters, 20.Jun.2024) — A contract arbitration panel that could block or green-light the $53 billion sale of Hess Corp to Chevron remains incomplete three months after the case […]
Fulcrum LNG Named to Help Guyana Develop its Gas Resources
(Reuters, 20.Jun.2024) — U.S. firm Fulcrum LNG was selected to help Guyana develop a plan to design, finance, construct and operate a natural gas processing […]
CNOOC Limited Achieves Strong Growth
(CNOOC, 25.Apr.2024) — CNOOC Limited (SEHK: 00883 (HKD Counter) and 80883 (RMB Counter), SSE: 600938) announced its operating results for the first quarter of 2024. In […]
Hess Reports Net Production of 190,000 boe/d from Guyana
(Hess, 25.Apr.2024) — Hess Corporation reported that is net Guyana production was 190,000 b/d in the first quarter of 2024, up 70% from 112,000 b/d […]
ExxonMobil Guyana Takes $12.7bn FID with Sixth Project Whiptail
SPRING, TEXAS (ExxonMobil, 12.Apr.2024) — ExxonMobil has made a final investment decision for the Whiptail development offshore Guyana, after receiving the required government and regulatory […]
Hess Updates Employees on Chevron Merger
(Hess, 7.Mar.2024) — Today, ExxonMobil announced that it is filing for arbitration regarding the applicability of a right of first refusal (ROFR) / pre-emption provision in […]
Exxon Signals Potential Counter Offer for Hess’s Guyana Assets
(Reuters, 6.Mar.2024) — Exxon Mobil Corp on Wednesday said it filed a contract arbitration claim related to Hess Corp‘s proposed sale of its Guyana oil properties, […]
Exxon’s Curveball Move in Guyana Alters Chevron-Hess Deal Prospects
(Reuters, 28.Feb.2024) — Exxon Mobil‘s surprise challenge to Chevron‘s acquisition of Hess through a dispute over a stake in a major Guyana oil field could […]
Guyana not against Exxon acquiring Hess, VP Jagdeo says
GEORGETOWN, GUYANA (Reuters, 28.Feb.2024, Words: 95) — Guyana’s vice president Bharrat Jagdeo on Wednesday said the country will accept whatever is the result from discussions between […]
Exxon Raises Questions About Chevron’s $53bn Deal for Hess
(The New York Times, 27.Feb.2024) — America’s two largest energy companies, Exxon Mobil and Chevron, are jousting over a prized new source of oil in […]