Pietro D
Pitts
Hart Energy
Analysis: How Chevron’s Hess Deal Boosts LatAm Position
Chevron’s recent $53 billion all-stock deal to acquire Hess Corp. will boost the company’s portfolio in Latin America, a former Chevron executive told Hart Energy.
Petrobras Reports Rise in Q3 Production
Petrobras reported a near double digit rise in combined production in the third quarter 2023 to 2.88 MMboe/d, owing to better operating performance, new wells and the ramp-up of various offshore platforms.
TotalEnergies Eyes New South America, Africa Cash Flow Potential
TotalEnergies SE CEO Patrick Pouyanné believes recent exploration successes in South America and Africa hold potential to boost the French company’s production and cash flow.
Hess’ Bakken Production Nearing Peak of 200,000 boe/d
Hess Corp.’s combined oil, gas and NGL production from onshore Bakken in this year’s third quarter is close to reaching its peak of 200,000 boe/d.
Chevron-Hess Deal Creates American “Dream Team” Offshore Guyana, Surprises Analysts
Chevron’s $53 billion all-stock deal for Hess Corp. will see the California oil giant team up with its Texas counterpart Exxon Mobil to create an American “dream team” in Guyana’s offshore Stabroek Block where production has been rising exponentially each year.
Guyana’s Local Content Act Yet to Negatively Impact IOCs
The Guyanese government anticipates its petroleum sector will need at least 150,000 skilled laborers over the next two to five years to meet this demand.
TotalEnergies, APA Eye $9B FID in Suriname’s Block 58
TotalEnergies and APA Corp. have launched development studies offshore Suriname in Block 58 and eye the start of detailed engineering studies by end 2023 and a $9 billion FID by year-end 2024.
Guyana’s Gas-to-energy Project Startup Expected in 2024
Guyana’s gas-to-energy project is on track to start-up in 2024, according to details revealed by the South American country’s government.
Woodside’s $7.2 Billion Bet on Deepwater Mexico Potential
Woodside Energy is making a massive bet offshore Mexico at the large, high-quality conventional resource Trion development, checking key production, climate and financial boxes for both Mexico and partners Woodside and Petroleos Mexicanos.
Report: Colombia’s Oil, Gas Reserves Running Out
Colombia’s reserves-to-production ratios for oil and gas are now both less than eight years, according to recent data released by the country’s National Hydrocarbon Agency (ANH).