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Monthly Archives: June 2018

Hess sells off interest in Utica shale to help fund Guyana, Bakken projects

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Hess Corporation (NYSE:HES)  announced on Friday that it has entered into an agreement to sell its joint venture interests in the Utica shale play in...

Pence urges Latin American countries to isolate Venezuela

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(Reuters) - U.S. Vice President Mike Pence urged Latin American countries on Thursday to help isolate crisis-stricken Venezuela, an ideological adversary of Washington that...

Public consultation on Liza Phase 2 EIA to start soon in Guyana

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ExxonMobil has submitted its draft Environmental Impact Assessment for the Liza Phase 2 development project to the Environmental Protection Agency in Guyana and a...

Suriname Staatsolie enters production sharing agreement with Carin Energy

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Staatsolie Maatschappij Suriname N.V. and its new partner UK-based Cairn Energy signed a production sharing contract for offshore Block 61 on June 26. Cairn...

Suriname Dry Holes: “Do not despair!” – Elephant Man, Rob Strong

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The following is an extract from a previous article I contributed to for OilNOW in November 2017.  “Canadian oil and gas consultant Rob Strong is...

Guyana could account for 7% of ExxonMobil’s overall production by 2027

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Guyana is becoming increasingly important to ExxonMobil’s portfolio and could account for 7 percent of its overall production by 2027. Tom Ellacott, Senior Vice President,...

Guyana oil reserves now exceed 4 billion barrels; daily estimated production to hit 700,000...

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UK-based industry analyst, Wood Mackenzie, says the most recent oil discovery made by ExxonMobil in Guyana could push daily production to 700,000 barrels of...

Jack up and semi-submersible rig options look promising for Eco Atlantic – Colin Kinley

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Eco (Atlantic) Oil and Gas’ Chief Operating Officer Colin Kinley said that both jack up and semi-submersible drilling targets in the Orinduik block offshore Guyana...

EIA says U.S. imports of Venezuelan crude oil at lowest levels since 1993

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The U.S. Energy Information Administration (EIA) reported that as of the first quarter of 2018, U.S. imports of crude oil from Venezuela reached their...

Kosmos Energy plugs, abandons Anapai after failing to find hydrocarbons

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Kosmos Energy (NYSE: KOS) (LSE: KOS) said Tuesday that drilling at the Anapai-1A exploration well located in Block 45 offshore Suriname has failed to find...