Exploration

UK-based Tullow Oil said last week that strong operational performance in the first half of the year and transformational debt refinancing have put the company on a firm footing to deliver its business plan, even as it looks to...

Global drilling activity is poised to bounce back from a tough 2020 with close to 58,000 wells lined up for this year and over 600,000 expected to be drilled by 2030, according to Norway-based energy research and business intelligence...

The first batch of Guyanese women entrepreneurs participated over the weekend in a bootcamp organised by the Centre for Local Business Development under its Accelerate-Her programme. This programme is funded by ExxonMobil Guyana and Stabroek Block co-venturers Hess and...

Guyana’s Ministry of Natural Resources said Thursday it is pleased with the announcement of the country’s latest oil discovery by ExxonMobil affiliate Esso Exploration and Production Guyana (EEPGL) and partners at Pinktail Offshore Guyana, within the Stabroek Block. The ministry...

It’s the block that keeps giving. U.S. oil major ExxonMobil announced on Thursday another oil discovery on the Stabroek Block offshore Guyana at Pinktail. The Pinktail well encountered 220 feet (67 meters) of net pay in high-quality oil-bearing sandstone reservoir....

ExxonMobil affiliate Esso Exploration and Production Guyana Ltd. (EEPGL) has submitted a Project Summary to the Environmental Protection Agency (EPA) in Guyana for its 12-well exploration and appraisal campaign on the 26,806 km2 Canje Block. Pending approval, drilling operations...

The prolific Stabroek Block offshore Guyana, covering an area of 6.6 million acres, still has multiple exploration prospects remaining with large swathes of the ExxonMobil-operated license still unexplored. This is despite the U.S. oil major and co-venturers Hess and...

CGX Resources Inc., operator and joint venture partner with Frontera Energy Guyana Corp has exercised an option to drill one additional exploration well offshore Guyana. The work is expected to commence in the first half of 2022 in direct...

Updated August 29, 2021 CGX Resources Inc. (CRI), operator of the Corentyne block offshore Guyana, believes the chance of finding hydrocarbons at the Kawa-1 prospect has increased since the company last drilled wells in the South American country back in...

(S&P Global Platts) Brazil plans to expand the country's Open Acreage program to include exploration and production blocks inside the subsalt polygon that requires production sharing contracts in a move that could unlock development of smaller oil and natural...