ExxonMobil Announces New Oil Discoveries Offshore Guyana

by Timothy Reeder | Jan 12, 2017 | News

ExxonMobil announced today positive results from its Payara-1 well offshore Guyana. Payara is ExxonMobil’s second oil discovery on the Stabroek Block and was drilled in a new reservoir. The Payara-1 well targeted similar aged reservoirs that were proven successful at...

January 2017

by Timothy Reeder | Jan 11, 2017 | Editions

January 2017 Uncertainty seems to be a key theme as we begin 2017. Political, economic and financial instability all over the world has made for an energy industry that has an unclear path. Renewable energy has gained traction in many countries, nuclear power remains...

BP agrees deal with Kosmos Energy to partner on world-class discoveries in Mauritania and Senegal and cooperate on future exploration

by Timothy Reeder | Jan 3, 2017 | News

BP announced recently that it has signed agreements with Kosmos Energy to acquire a 62% working interest, including operatorship, of Kosmos’ exploration blocks in Mauritania and a 32.49% effective working interest in Kosmos’ Senegal exploration blocks — acreage...

Total makes $207 million investment in Tellurian to develop integrated gas project

by Timothy Reeder | Jan 3, 2017 | News

Tellurian Investments Inc. (“Tellurian”) and Total announce today that Total is acquiring approximately 23% of Tellurian at $5.85 per share for an amount of 207 million dollars to develop an integrated gas project, from the acquisition of competitive gas production in...

Statoil wins offshore wind lease in New York

by Timothy Reeder | Jan 3, 2017 | News

Statoil has been declared the provisional winner of the U.S. government’s wind lease sale of 79,350 acres offshore New York. Statoil will now have the opportunity to explore the potential development of an offshore wind farm to provide New York City and Long Island...