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Oil and Gas

An oil field in the North Sea will be dismantled

Inspenet, November 4, 2023.
The Fulmar oil field, located in the Northern Vein and operated by Repsol Sinopec, recorded production exceeding 130,000 metric barrels of oil throughout its operational life until its production ceased in October 2018.

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Oil and Gas

Guyana confirms another oil discovery in the Stabroek block

Inspenet, October 30, 2023.
Guyana’s Ministry of Energy announced last Thursday that the ExxonMobil-led consortium made another oil and gas discovery through an appraisal well drilled in Guyana. The Lancetfish-2 well marks the fourth offshore discovery in the country this year.

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Oil and Gas

Oil companies cancel exploration plans in Mexico

Inspenet, October 22, 2023.
Oil companies such as Repsol, BP and Chevron have abandoned their oil exploration plans in Mexico. Throughout this year, at least 16 companies have begun the process of early termination of their exploration contracts with the National Hydrocarbons Commission (CNH).

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