Oil & Gas 360º
JULY 10, 2025
(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. The Production Sharing Contract (PSC) for Block 59 was signed in July 2017 between Staatsolie, ExxonMobil, Statoil (Equinor), and Hess.
McKinsey
JULY 16, 2025
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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Rigzone
JULY 9, 2025
Delfin stated that the license was issued pursuant to the Deepwater Port Act of 1974 and MARAD’s 2017 Record of Decision and is in accordance with President Trump’s Executive Order titled, “Unleashing American Energy,” signed January 20, 2025. million metric tons of LNG annually, the company said.
Rigzone
JULY 7, 2025
and QatarEnergy have made another natural gas discovery in Block 10 offshore Cyprus, the presidential office said Monday. The license was awarded April 2017. Image by Zigmunds Dizgalvis via iStock Exxon Mobil Corp. As of 2022, the best estimate of gas-in-place resources in the Glaucus discovery was 3.7 QatarEnergy holds 40 percent.
Rigzone
JULY 11, 2025
Eni’s floating facilities are located far offshore and relatively unexposed to security issues, though their capacity is a fraction of what’s planned onshore by Total and Exxon Mobil Corp. Pouyanne has likened remaining obstacles to “more a question of paperwork,” while sticking to a goal of first production by 2029.
Oil & Gas 360º
MARCH 19, 2025
If realized, this annual production increase will be the first since 2017 and the largest since 2002. Although both onshore and offshore drilling occur in Alaska, most of the activity is on land, particularly in the North Slope, which is where the Nuna and Pikka projects are being developed.
The Energy Law
NOVEMBER 28, 2022
In the meantime, more questions than answers remain regarding the regulatory framework for offshore CCS. One issue is the method Interior will use to authorize offshore CCS – by lease, easement, or right-of-way (or some combination thereof).
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