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Eni announces a new light oil discovery in Block 15/06, offshore Angola

2 weeks ago DieselGasoil Comments Off on Eni announces a new light oil discovery in Block 15/06, offshore Angola
5/14/2019 SAN DONATO, Milan — Eni has made a new light oil discovery in Block 15/06, in Angola’s deep offshore. The well was drilled on the Ndungu exploration prospect. The new discovery is estimated to contain up to 250 MMbbl of light oil in place, with further upside. The Ndungu-1 NFW well is located a Read More

RigNet Announces First Quarter 2019 Earnings Results

3 weeks ago DieselGasoil Comments Off on RigNet Announces First Quarter 2019 Earnings Results
HOUSTON, May 06, 2019 (GLOBE NEWSWIRE) — RigNet, Inc. (NASDAQ: RNET, the “Company”), the leading provider of intelligent networking solutions and specialized applications, today reported results for the quarter ended March 31, 2019. Increased quarterly revenue 7% compared to the first quarter 2018 to $57.5 million Net loss of $12.0 million or $0.63 per share; Read More

ExxonMobil to proceed with Liza Phase 3 development offshore Guyana

3 weeks ago DieselGasoil Comments Off on ExxonMobil to proceed with Liza Phase 3 development offshore Guyana
5/5/2019 Photo: Stena Don. IRVING, Texas — ExxonMobil has said it has funded the Liza Phase 2 development offshore Guyana after it received government and regulatory approvals. Liza Phase 2 will produce up to 220,000 bopd and further capitalize on the significant development potential of the Stabroek Block, where ExxonMobil estimates producing more than 750,000 Read More

Hess sanctions Liza Phase 2 development offshore Guyana

3 weeks ago DieselGasoil Comments Off on Hess sanctions Liza Phase 2 development offshore Guyana
5/5/2019 Noble’s Tom Madden drillship. Photo: Noble. NEW YORK — Hess Corporation has announced it has received regulatory approval from the government of Guyana and has made a final investment decision to proceed with the second phase of development of the Liza Field on the Stabroek Block, offshore Guyana. Liza Phase 2 will utilize the Read More

ExxonMobil makes 13th discovery offshore Guyana

1 month ago DieselGasoil Comments Off on ExxonMobil makes 13th discovery offshore Guyana
4/23/2019 Stabroek field, offshore Guyana. Photo: ExxonMobil. IRVING — ExxonMobil said today it made a new oil discovery offshore Guyana at the Yellowtail-1 well, marking the 13th discovery on the Stabroek Block. The discovery adds to the previously announced estimated recoverable resource of approximately 5.5 Bboe on the Stabroek Block. Yellowtail-1 is the fifth discovery Read More

Energean reports >1 Tcfg discovery at Karish North

1 month ago DieselGasoil Comments Off on Energean reports >1 Tcfg discovery at Karish North
4/15/2019 Stena DrillMax vessel. Photo: Stena Drilling. LONDON — Energean Oil and Gas plc, the oil and gas producer focused on the Mediterranean, is pleased to announce that the Karish North exploration well has made a significant gas discovery. Preliminary analysis indicates: Initial gas in place estimates of between 1 Tcf (28 Bcm) and 1.5 Read More

Ensco and Rowan merge to form EnscoRowan

1 month ago DieselGasoil Comments Off on Ensco and Rowan merge to form EnscoRowan
4/11/2019 Rowan Renaissance ultra-deepwater drillship. Photo: MarineTraffic. LONDON — Ensco Rowan plc, has announced the completion of the previously disclosed merger of Ensco plc and Rowan Companies plc, which follows the satisfaction of the transaction’s closing conditions including overwhelming approval by each company’s shareholders and sanction by the UK Court of the scheme of arrangement Read More