offshore
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ExxonMobil Guyana Finalizes FPSO ONE GUYANA Acquisition
ExxonMobil Guyana has finalized the acquisition of the FPSO ONE GUYANA, a strategic move to boost offshore production capacity in the Stabroek Block. This state-of-the-art vessel will enhance extraction efficiency and support the company’s long-term investment and development plans for Guyana’s significant hydrocarbon resources. The acquisition signifies ExxonMobil’s commitment to optimizing operations and contributing to the local economy.
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TotalEnergies Takes 25% Stake in Suriname’s Block 53
TotalEnergies acquires Moeve’s 25% stake in Suriname’s Block 53, partnering with APA and Petronas. Strategically located near Block 58 and the Baja-1 discovery, the move aims to unlock new resources for the GranMorgu project, leveraging infrastructure for further development and solidifying TotalEnergies’ position in the region’s deepwater oil and gas sector. Javier Rielo emphasizes expanded production potential.
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TotalEnergies Deepens U.S. Offshore Footprint: Expands Partnership with Chevron in 40 Exploration Blocks
TotalEnergies acquired a 25% stake in 40 offshore exploration leases from Chevron in the U.S., spanning ~1,000 sq km across Walker Ridge, Mississippi Canyon, and East Breaks areas. This expands TotalEnergies’ U.S. offshore presence, building on collaborations with Chevron in projects like Ballymore and Anchor. The move reinforces TotalEnergies’ commitment to low-emission projects and its integrated energy strategy, including significant investments in LNG and renewables in the U.S. since 2022.
