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Hess exits deepwater exploration block in Suriname

Oil & Gas 360º

(World Oil) – The American international oil and gas company Hess (Suriname II) Exploration Limited (Hess) will relinquish Block 59 in offshore Suriname on 8 July 2025. Hess fulfilled its minimum work obligations and has decided not to move forward to the next phase of the exploration period, which concludes on 8 July 2025.

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How Canada’s oil sands transformed into one of North America’s lowest-cost plays

Oil & Gas 360º

They directed their capital to cheaper oil production, and favored U.S. The switch has improved oil output productivity at Imperial’s Kearl oil sands mine by 20% since 2023, the company said. bbl between 2017 and 2019, according to BMO. Back in 2017-2019, U.S. shale for its quicker drilling time and returns.

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TotalEnergies to Form LNG Bunkering JV with CMA CGM

Rigzone

In 2017 TotalEnergies agreed to deliver 300,000 metric tons of LNG a year to CMA CGM in Rotterdam for 10 years. TotalEnergies says it holds an integrated position in the LNG value chain from production, transportation, access to over 20 MMtpa of regasification capacity across Europe, trading and LNG refueling. As part of the $1.6-billion

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Zephyr Energy announces result of oversubscribed Bookbuild and Posting of Notice of general Meeting

Oil & Gas 360º

The Placing was undertaken on the back of three key recent catalysts for the Company: The Company delivered a highly successful production test on the State 36-2R well. Cash flow from the Williston production will be used to fund the planned Paradox Basin development.

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Don’t cancel or coddle at-risk capital projects—challenge them

McKinsey

Findings from economic geographer Bent Flyvbjerg, editor of The Oxford Handbook of Megaproject Management (Oxford University Press, June 2017), confirm a stark reality: Out of a database of 16,000 projects, only 8.5 A new approach to stress testing helps keep them on track. percent met their cost and schedule targets, and a mere 0.5

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Cyprus Announces New Gas Discovery in Block 10

Rigzone

Steve Greenlee, then-president of ExxonMobil Exploration Co., said, “These are encouraging results in a frontier exploration area” An earlier well, Delphyne-1, did not yield commercial quantities of hydrocarbons. The license was awarded April 2017. ExxonMobil operates Block 10 with a 60 percent stake.

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MY FAVOURITE OIL SERVICES COMPANY PHX ENERGY SERVICES PHX-TSX PHXHF-PINK

Oil and Gas Investments

In 2017, drilling a 10,000-ft lateral well took 8.76 million shares repurchased, part of a 25% share reduction since 2017. • Global Experience Adds Another Layer of Expertise • While the focus remains on Canada & US, PHX has operated globally (Albania, Russia, South America) and has the experience to explore new markets.

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