Exploration

Exploration

Stena DrillMAX leaves Guyana temporarily for Exxon’s Newfoundland campaign

OilNOW -
The Stena DrillMAX is sailing across the Atlantic, on its way to Newfoundland to assist with an ExxonMobil-led campaign.  The vessel will be used to drill the Persephone wildcat well of Exploration License (EL) 1169. The license area lies in...
Exploration

Petronas commences drilling on Fusaea well in Suriname’s Block 52

OilNOW -
Annand Jagesar, Managing Director of Staatsolie confirmed that Petronas has commenced drilling in Suriname’s block 52.  “They are drilling the Fusaea oil exploration well. This will be followed by the Sloanea gas appraisal well,” Jagesar told OilNOW. Drilling activities are...
Exploration

Exxon to write off Kaieteur Block expenses

OilNOW -
ExxonMobil Guyana President, Alistair Routledge, said the company is writing off its Kaieteur Block expenses, having decided last year to withdraw from the license. In addition to the Stabroek Block, the company operates the Canje block and, up until...
Discoveries

Guyana is now a major competitive, policy-friendly player in global deepwater arena

OilNOW -
A massive infrastructure transformation and construction boom in South America’s lone English-speaking country are the most visible signs of the nation’s newfound wealth which is being delivered by huge oil fields under development offshore. And the latest World Economic...
Exploration

Exxon focusing on developing oil resources in Guyana; no financial backing in play for border controversy  

OilNOW -
ExxonMobil remains focused on developing the vast hydrocarbon resources offshore Guyana in keeping with the government's objective of moving these projects forward in a timely manner. The U.S. multinational says it is not playing a role in providing financial...
Exploration

Guyana basin should achieve payback in under 10 years at an oil price of US$60-80 – WoodMac

OilNOW -
Analysts have said the significant sums Guyana is set to receive in oil revenue can make the country one of the richest in the world, per capita. The companies producing oil there are also set to receive massive returns...
Exploration

Exxon targeting more crude at Bluefin-1

OilNOW -
ExxonMobil Guyana has commenced exploration drilling operations at the Bluefin-1 well site, situated within the Stabroek Block of Guyana's Exclusive Economic Zone, as announced by Guyana's Maritime Administration Department. This move comes as part of the company's vigorous exploration...
Exploration

Shell, bp consortium set to explore TT deepwater blocks 

OilNOW -
A consortium comprising BP and Shell has inked an agreement with Trinidad and Tobago, greenlighting the exploration of three deepwater blocks—25a, 25b, and 27—for hydrocarbon production. Trinidad and Tobago's Minister of Energy, Stuart Young, confirmed that the cabinet has approved...
Exploration

Fangtooth appraisal program in high gear offshore Guyana

OilNOW -
ExxonMobil is moving to appraise the two discoveries it made earlier this year, Lancetfish-1 and Fangtooth SE-1. Guyana’s Maritime Administration Department announced the drilling activities in notices. The Stena Carron drillship will be utilised to drill Fangtooth SE-1 starting in...
Exploration

Canada-based exploration company targeting ‘multi-hundred million’ payloads at Guyana block   

OilNOW -
A Canada-based oil and gas company is targeting a multi-hundred million barrel stacked pay opportunity at the Orinduik Block, offshore the South American country of Guyana. The exploration company - Eco (Atlantic) Oil & Gas Ltd. - said its...
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TT Energy Chamber flags long-term decline despite short-term gains in oil production

The Energy Chamber of Trinidad and Tobago is urging serious reform in the country's energy sector following the release...

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