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The Next Petro State? Suriname's Path to Oil Prosperity

OilPrice

The geology is familiar, the operators are credible, and the development timelines are beginning to crystallize. Guyana’s offshore story began in earnest with ExxonMobil’s Liza-1 discovery in 2015, followed by first oil in 2019. Today, production…

Oil 278
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Global LNG production will drive supply surge in 2026, says IEA

Oil & Gas 360º

(World Oil) – Global supply of liquefied natural gas is set to surge the most since 2019 next year, primarily driven by production additions in North America, the International Energy Agency said. The increase in supply will accelerate to 7%, or 40 billion cubic meters a year in 2026, following a 5.5%

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ExxonMobil-led consortium discovers gas reservoir off Cyprus coast

Oil & Gas 360º

The drilling operation found preliminary indications of a 350-meter gas-bearing reservoir at a depth of 1.9 Their first discovery was announced at the Glaucus-1 well in February 2019. kilometers in the Pegasus-1 well, Cypriot government spokesperson Konstantinos Letymbiotis said.

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

Oil & Gas 360º

At the time, they classified the Canadian operations as among their more expensive, and therefore less profitable, projects worldwide. Suncor operates a 900-tonne truck at its Fort Hills operation north of Fort McMurray, Alberta, which the company says is the world’s largest hydraulic mining shovel. Back in 2017-2019, U.S.

Oil 130
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Texas Supreme Court rules produced water belongs to mineral lessee

Permian Basin Oil and Gas Magazine

COG Operating announced June 27 resolves a contentious dispute between surface estate owners and mineral estate holders “with far reaching implications for the water midstream sector and upstream oil and gas industry.” The opinion in Cactus Water Services v.

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Equinor Files Development Plan for Fram South in Norwegian North Sea

Rigzone

billion) investment to develop Fram South, which will unlock new gas for Europe, the operator said. The Fram South development consists of Echino South, discovered 2019; Blasto, discovered 2021; and two smaller discoveries. Equinor operates Fram with a 45 percent stake through Equinor Energy AS. Var Energi ASA owns 40 percent.

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TotalEnergies to Form LNG Bunkering JV with CMA CGM

Rigzone

The French companies “will offer a complete logistics service, from reload access at Gate terminal facilities to LNG bunker delivery to a wide range of vessels operating in the Amsterdam-Rotterdam-Antwerp (ARA) region, including those of CMA CGM as well as other shipping operators”, a joint statement said.