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...oilfields....
...The UK’s oil and gas production has declined about 13 per cent over the past decade, according to trade body Offshore Energies UK....
...While rival Baker Hughes beat expectations, it said that international and offshore markets would help offset “market softness in North America”....
...The government suffered a big setback earlier this month when it failed to attract any bids from offshore wind developers for its latest round of contracts for new projects....
...The chief executive of ExxonMobil has insisted its tense dispute with Chevron over a prized Guyana oilfield will not damage the working relationship between the two US oil companies, even as the spat threatens...
...Among the largest projects discovered in the past couple of years are Iran’s Shahini gasfield and TotalEnergies’ Venus oilfield in Namibia....
...Access to a rich offshore oilfield adds extra appeal, along with the lure of gold and diamonds onshore. Venezuela’s revolutionary socialist President Nicolás Maduro could not resist the temptation....
...Meanwhile, some analysts are asking questions about the price Chevron paid for Hess, which has offshore operations in Guyana....
...The oilfields of the offshore Stabroek block produce over 500,000 barrels daily. This could be one reason for Venezuela’s hostile interest in the Essequibo region of Guyana....
...The state capital is more than 100 miles inland and is better known as a place where lobbyists come to do their bidding when the legislature is in session....
...One is the $45bn expansion of the Tengiz oilfield in Kazakhstan, which has faced repeated delays and cost overruns....
...“This will be seen as maybe a model for offshore asylum procedures.” Additional reporting by Giuliana Ricozzi in Rome...
...SLB shares fell nearly 5 per cent on Friday after the oilfield services group reported negative free cash flow and said its North American onshore market could see activity “plateau”....
...Services contractor Diamond Offshore Drilling, for example, raised $550mn last month to repay earlier credit facilities that came with restrictive covenants....
...Congo, home to 92mn people, at present produces about 25,000 barrels a day of crude oil from a small number of onshore and offshore blocks along its Atlantic coast....
...Then there’s US giant ExxonMobil’s plan to sell four onshore oilfields to Seplat, a Lagos and London dual-listed energy company, for about $1.3bn....
...Services groups are banking on rising international and offshore demand offsetting the shale patch decline....
...offshore gasfield since 2010....
...Exxon is now building up production from the Stabroek offshore block, something Venezuela’s government has seized on to paint Guyana as a lackey of US imperialism....
...oilfield operated by US oil major ExxonMobil....
...SLB, the world’s largest oilfield services provider, reported a jump in profits as strong international and offshore markets outweighed a slowdown in the US shale patch....
...Beyond, moored in the offshore mist, loom the silhouettes of Gomera and La Palma, Tenerife’s nearest neighbours looking west....
...The pre-colonial town of Wellfleet, sitting in the crook of the Cape’s elbow, is a short-ish drive inland, for sweet oysters and solid local craft beers....
...Rival Baker Hughes — which is less exposed to the US onshore space — fared better, and insisted rising offshore and international revenue would “more than offset” any decline in is shale business....
...The crown jewel of Hess is a 25 per cent stake in Guyana’s offshore, deepwater oilfield known as Stabroek....
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