article thumbnail

Exxon bets big on natural gas in its eighth Guyana oil project

Oil & Gas 360º

billion cubic feet per day (bcfd) of natural gas and 290,000 barrels per day of condensate at the Longtail project, per the request for environmental authorization from Guyana seen by Reuters. Exxon plans a final investment decision for Longtail in 2026 and could start up the project by 2029. By Charles Kennedy for Oilprice.com

article thumbnail

BP Enters Into Series of Azerbaijan Deals

Rigzone

“This is expected to accelerate evaluation of development opportunities for the block, on which a first well drilled in 2021 encountered gas condensate resources,” BP noted.

article thumbnail

Saturn Oil & Gas Inc. provides Q1/25 capital program update and accelerates debt repayment with US$15 million senior note repurchase and cancellation

Oil & Gas 360º

CORPORATE UPDATE Debt Reduction with Senior Notes Repurchase As part of the Companys ongoing efforts to optimize our capital structure, Saturn opportunistically purchased for retirement US$15 million of our outstanding 9.625% senior notes maturing on June 15, 2029 (the Senior Notes ) at prices below par.

Gas