Exciting news! ?? ? We’re thrilled to announce that Femi Omotayo, Co-Chairman, AOS OrWell Oil and Gas International, will join as one of our high-value panelists for #PIAImplementation. Femi Omotayo is an industry leader with over 20 years of experience in international oil and gas. His portfolio includes Executive Management roles with International blue-chip companies like Shell, Halliburton, AMEC, and Talisman Energy. After his 18-year European service experience, he became the Managing Director of Orwell Oil and Gas International, one of the largest Indigenous oilfield service companies in Sub-Saharan Africa. He currently serves as its Co-Chairman. Join us as we discuss PIA's impact on the industry's landscape, the gaps, and what we should expect for the future. Secure your spot today: https://lnkd.in/d8MdTBaE
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It appears that Sarawak is looking to explore collaboration opportunities with ExxonMobil, a major international oil company, likely in the #LNG sector The meeting between the Sarawak Premier, Datuk Patinggi Tan Sri (Dr) Abang Haji Johari Tun Openg, and ExxonMobil officials led by Andrew Barry (Vice President Global LNG Marketing, LNG Market Development) suggests that discussions might have revolved around Liquefied Natural Gas (LNG) considering Barry's title. The presence of officials from Petros, Sarawak's oil company, led by Dato Janin Girie, further strengthens the notion that the meeting likely centered on oil and gas exploration or development opportunities in Sarawak. Overall, this brief encounter indicates Sarawak's initiative to potentially partner with ExxonMobil on oil and gas related projects, particularly LNG.
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"Brazil remains the main hotspot of activity in South America. However, there are exciting developments further north, towards the equatorial margin." This is according to Diego Baraldi, Viper Innovations’ Business Development Manager in Brazil, who also says: "The pace in French Guiana, Suriname and Guyana is high. Six projects are approved in Guyana, with three of them currently producing around 645,000 bpd." Gain insights into what's happening in five of our leading subsea oil & gas markets in our new Global Offshore Oil & Gas Market Report. Read it here: ?? US site: https://ow.ly/hLtU50SEjra ?? UK and ROW site: https://ow.ly/OEWR50SEjrb #subseaindustry #technology #innovation #internationalisation #oilandgas
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Algeria and Chevron update! Chevron has signed a Memorandum of Understanding (MoU) with the Algerian state oil and gas company, Sonatrach, to develop hydrocarbon resources in Algeria's Ahnet and Berkine Basins. The companies will enter discussions that could conclude with a production sharing contract award based on the new 2019 hydrocarbon law. Conventional and unconventional gas is the target. This follows ExxonMobil signing a Heads of Agreement to develop hydrocarbon resources in the Ahnet and Gourara basins in May and TotalEnergies signing a MoU for the appraisal and development of gas resources in the North-East Timimoun region in April. We expect more announcements as the Majors, including Eni, Shell, and Equinor, look to invest in Algeria’s material gas potential.?
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2024 Ghana Oil & Gas Conference Last week I had the privilege of attending the Ghana Oil & Gas Conference, 2024 held on the 24th & 25th at the Marriott Hotels ,Accra by the Ghana Upstream Petroleum Chamber The two (2) days event whichwas eye-opening especially for a novice as myself who took it as an opportunity to be informed and learn of the prospects within the sector also saw the launching of the 2024 Ghana Upstream Petroleum Industry Report. It was a highly informative event with insightful presentations and engaging panel discussions that provided a deep dive into the latest industry trends and developments. Was particularly wowed by the depth of industry data from both the regulator Petroleum Commission, Ghana and industry giants like MODEC Tullow Ghana WAGPCo Africa Centre for Energy Policy and others. Key Takeaways: 1. The need to further develop more fields to increase our dwindling production. 2. Move beyond ownership, when it comes to Local Content, into value addition through the development of an integrated light/heavy industrial sector. 3. The investments opportunities that abound for the financial services from exploration right to decommissioning I'm grateful for the opportunity to connect with experts in the field and learn about the exciting opportunities and challenges shaping the future of oil and gas. A big thank you to the organizers for putting together such a successful event. #oilandgas #energytransition #consulting #industrytrends #networking
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It’s yet another OFFICIAL WEEK?? How we kick start the week most times determines how the entire week plays out. From all of us PERIWINKLE EMPIRE, we urge you to gear up, put your best foot forward and make it happen! Periwinkle Condos Limited Tunde Olatunji Chinaza Azuka Okoli Emeka Blessing Oloko Maryanne Iwuchukwu KPMG Nigeria Seplat Energy Plc TotalEnergies Nestoil Limited ExxonMobil Shell Chevron #newweeknewgoals #newweeknewopportunities #strategicplanning #goalsetting #achievementunlocked
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???? Important development in Timor-Leste! ???? On May 3, TIMOR GAP, E.P., the national oil and gas corporation of Timor-Leste, alongside Australia's Timor Resources, successfully reached a settlement agreement, resolving a longstanding commercial dispute. This dispute had previously obstructed progress in the Onshore Blocks A and C. Under the leadership of Rui Soares, President and CEO of Timor Gap, and Suellen Osborne, Founder and Managing Director of Timor Resources, this agreement not only resolves past issues but also sets the stage for future collaboration and advancements. This agreement restores confidence among the joint venture partners, facilitating crucial operations in onshore Timor-Leste. Key activities will include the evaluation of recent technical discoveries and the promising prospects of hydrocarbon production along the South Coast. Congratulations to both teams on reaching this important agreement! ???? #TimorGap #TimorResources #TimorLeste #EnergySector #Collaboration #MilestoneAchievement ????
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?????? Key Upstream developments in oil & gas industry in April 2024: ? ?Equinor, EQT Corporation agreed to swap assets. ?Tengizchevroil commenced operations at its Wellhead Pressure Management Project. ?ExxonMobil made a final investment decision for the Whiptail development offshore Guyana. ?TotalEnergies, Trident Energy to swap assets in Congo. ?ENI restructures UK upstream assets. ?Petrobras sells two mothballed assets to Perenco. ?Petrobras, Enarsa to study partnerships in the natural gas segment. ?TotalEnergies acquires another 50% interest in Malaysian SapuraOMV. ?TotalEnergies, Oman National Oil Company made FID to develop Marsa LNG project. ?TotalEnergies to acquire the 20% in US-based Dorado field. ?Exxon Mobil closes acquisition of Pioneer Natural Resources. ?bp launches oil production from new Azeri Central East (ACE) platform. For details & much more – read our Oil & Gas Radar: Link in the first comment. #oil #crude #oilandgas #exxonmobil #bp #totalenergies #petrobras #eni #Tengizchevroil #Equinor
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#ExxonMobil’s US$55 billion investment in #Guyana continues to advance, with key updates on several projects. The gas-to-energy initiative is nearing completion, and production capacity for three #FPSOs is set to increase. Upcoming projects, including #Yellowtail, #Uaru, and #Whiptail, are progressing on schedule, with production expected between #2025 and #2027. Additionally, the company is setting aside funds for future decommissioning and expects to boost reserves further with ongoing discoveries. #GuyanaEnergy #OilAndGas #EnergyDevelopment #OffshoreProduction #SustainableEnergy
Head of ExxonMobil Guyana Limited (EMGL), Alistair Routledge recently held a press conference in the country’s capital, where key updates were provided on several matters. These include the company’s efforts to optimize production offshore and developments regarding the gas-to-energy project. Click on the link for an overview of the key updates disclosed.
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QatarEnergy Expands Presence in Egypt with Acquisition of ExxonMobil-Operated Exploration Blocks ??????? In a strategic move to bolster its footprint in the Arab Republic of Egypt, QatarEnergy has inked a farm-in agreement with ExxonMobil, securing a 40% participating interest in the coveted “Cairo” and “Masry” offshore exploration blocks. This milestone deal underscores QatarEnergy’s commitment to advancing exploration activities and fostering partnerships in the dynamic energy landscape of Egypt. Delving Deeper into the Agreement: ? QatarEnergy to acquire a 40% working interest in the Cairo and Masry Offshore Concession Agreements, while ExxonMobil retains a 60% stake as the operator. ? Spanning over 11,400 km2 in water depths ranging from 2,000 to 3,000 meters, these exploration blocks hold immense potential for future discoveries and resource development. His Excellency Mr. Saad Sherida Al-Kaabi, President and CEO of QatarEnergy, expressed optimism about the expansion, stating, “Our entry into the Cairo and Masry offshore exploration blocks further strengthens QatarEnergy’s presence in Egypt and aligns with our ambitious exploration agenda in the region.” Minister Al-Kaabi emphasized the collaborative efforts with key stakeholders, including ExxonMobil, Egyptian Natural Gas Holding Company (EGAS), and the Egyptian Ministry of Petroleum and Mineral Resources, highlighting the shared vision for unlocking the region’s promising energy prospects. Stay tuned for updates on the progress and outcomes of this strategic partnership, as QatarEnergy and ExxonMobil embark on a journey of exploration and innovation in the offshore blocks. ???? #QatarEnergy #ExxonMobil #Egypt #EnergyExploration #StrategicPartnerships #OilandGasIndustry #OffshoreBlocks ?????? Congratulations to QatarEnergy on this significant milestone, marking a new chapter of collaboration and growth in Egypt’s thriving energy sector! ????
QatarEnergy has signed a farm-in agreement with ExxonMobil to acquire a 40% participating interest in two #exploration blocks #offshore Egypt. Read more: https://ow.ly/S6KB50RFXZq #oilandgas
QatarEnergy acquires stake in two ExxonMobil-operated exploration blocks offshore Egypt
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?? Reaching New Heights in Guyana! ?? Witness the culmination of excellence as ExxonMobil's Liza Unity FPSO in Guyana achieves peak output, producing an impressive 252,000 barrels per day (bpd) and solidifying its status as a cornerstone of the nation's energy sector. This remarkable achievement reflects ExxonMobil's unwavering commitment to maximizing production efficiency and driving economic growth in Guyana. ??? Explore the significance of the Liza Unity FPSO's peak output milestone and its impact on Guyana's energy landscape. With cutting-edge technology and unparalleled expertise, ExxonMobil continues to lead the way in offshore oil production, setting new benchmarks for operational excellence and reliability. ???? Take a moment to celebrate this historic achievement and its implications for Guyana's future prosperity. For a comprehensive overview of ExxonMobil's success with the Liza Unity FPSO, delve into the full article using the link below. Let's applaud ExxonMobil's dedication to advancing the energy industry and driving sustainable growth in Guyana! ???? #ExxonMobil #LizaUnityFPSO #Guyana #PeakOutput #OffshoreOilProduction #OperationalExcellence #EconomicGrowth #FutureOfEnergy #EnergySector #OperationalMilestone https://lnkd.in/gxZBqNu5
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