• 3 minutes Nucelar Deal Is Dead? Iran Distances Itself Further From ND, Alarming Russia And France
  • 5 minutes Don Jr. Tweets name Ukraine Whistleblower, Eric Ciaramella. Worked for CIA during Obama Administration, Hold over to Trump National Security Counsel under Gen McCallister, more . . . .
  • 9 minutes Shale pioneer Chesepeak will file bankruptcy soon. FINALLY ! The consolidation begins
  • 12 minutes China's Blueprint For Global Power
  • 2 hours EU has already lost the Trump vs. EU Trade War
  • 1 day Crazy Stories From Round The World
  • 1 day Science: Only correct if it fits the popular narrative
  • 1 min Everything You Need To Know About Trump
  • 2 days Iran Burning: Shock Gas Price Hike Triggers Violent Protests After Subsidy Cuts
  • 10 hours Pope Proposes New Sin: Thou Shalt Not Destroy The Harmony Of The Environment
  • 17 hours IEA predicts oil demand will grow annually at 1 million barrels a day for the next 5 years
  • 2 days Atty General Barr likely subpeona so called whistleblower and "leaker" Eric Ciaramella
  • 3 hours Water, Trump, and Israel’s National Security
  • 1 day Impeachment Nonsense
  • 20 hours ‘If it saves a life’: Power cut to 1.5 million Californians
  • 2 days What are the odds of 4 U.S. politicians all having children working for Ukraine Gas Companies?
  • 2 days Who writes this stuff? "Crude Prices Swing Between Gains, Losses"
Editorial Dept

Editorial Dept

More Info

Premium Content

What’s Coming Up In The Oil Patch?

Coming up .. what to watch in the oil patch

- Apache is gearing up to drill its first exploration well in Block 58, offshore Suriname. This is slated to be drilling sometime around mid-September. The Noble Sam Croft is the contracted drillship, and presently it is drilling off the coast of Louisiana at Gladden Deep. Suriname shares a massive basin with Guyana and is hoping to replicate Exxon’s series of 13 discoveries in Guyana. Apache’s block 58 is adjacent to Exxon’s Hairmara find.

- Right next door in Guyana, HESS has announced the arrival of the Liza Destiny at the Stabroek Block (the scene of the Exxon/Hess discoveries). This is Guyana’s first oil production vessel and is definitely worth keeping an eye on progress. This means that the development of Liza Phase 1 is on track to start by Q1 2020, with plans to produce 120,000 gross barrels of oil per day.

- Watch Kosmos Energy’s progress on an agreement to sell down stakes in projects off the coast of Mauritania and Senegal (partner is BP). This deal is expected to see some sort of agreement by the end of the year. Kosmos is looking to reduce its 30% stake in Senegal and its 28% stake in Mauritania. Kosmos would hold on to a 10% stake. The stakes are part of the Greater Tortue Ahmeyim gas project, which includes the Tortue floating liquified natural gas (FLNG) facilities, which will produce 2.5 million tonnes of LNG per year.

- Investors might also do well to keep an…



Leave a comment

Leave a comment




Oilprice - The No. 1 Source for Oil & Energy News
Download on the App Store Get it on Google Play