First oil flows from Newfoundland’s offshore Hebron Project

November 29, 2017 0

The first crude oil flowed at 11:03 a.m. Monday from the offshore Hebron Field off the coast of Newfoundland in eastern Canada, Kallanish Energy reports. It was a major celebration for ExxonMobil and its partners and completed eight years of work on the $14 billion (Canadian) project.

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Brazil reports success in pre-salt bidding rounds

October 31, 2017 0

Brazil’s 2nd and 3rd production sharing bidding rounds of pre-salt fields generated BRL 6.15 billion ($1.88 billion) in signature bonus to the Brazilian coffers and BRL 760 million ($233 million) in investments.

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ExxonMobil buys stake from Statoil offshore Brazil

October 30, 2017 0

Texas-based ExxonMobil has announced completion of a $1.3 billion agreement to purchase half of Statoil’s interest in the BM-S-8 block offshore Brazil which contains part of the pre-salt Carcara oil field, Kallanish Energy reports.

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