News

CGX Energy Inc. said it is moving ahead with plans to spud the Kawa-1 and Makarapan-1 exploration wells on its Corentyne and Demerara blocks offshore Guyana. The Kawa-1 exploration well on the Corentyne block is currently expected to be drilled...

The success rate of global conventional oil and gas exploration has declined in recent years, but the most painful blow has been to onshore wildcat wells, a Rystad Energy analysis reveals. In 2020, the success rate of these drilled...

French oil major total has confirmed that plans are underway to begin developing oil fields at Suriname’s Block 58 as early as 2025, around five years after the first major discovery was made at Maka Central-1, mirroring the rapid...

Maersk Drilling has been awarded a one-well contract by Petrogas E&P Netherlands B.V. which will employ the harsh-environment jack-up rig Maersk Resolute to perform well maintenance and drill a side-track of the A9 well at the P9 Horizon field...

(Reuters) - Brent crude futures jumped above $70 a barrel on Monday for the first time since the COVID-19 pandemic began, while U.S. crude touched its highest in more than two years, following reports of attacks on Saudi Arabian oil facilities. Brent...

The Environmental Permit issued to ExxonMobil Guyana on June 1, 2017 by the Environmental Protection Agency (EPA) for the Liza Phase 1 Development allows for flaring under certain conditions and outlines measures that should be compiled with when such...

The resource potential of the Guyana-Suriname basin where ExxonMobil has to date made a total of 19 discoveries (18 in Guyana and 1 in Suriname) is estimated to contain more than 18 billion barrels of oil equivalent resources, the...

In observance of International Women's Day, the Women's Chamber of Commerce and Industry Guyana (WCCIG) will host its Inaugural Guyana Women and Girls' Summit on Monday, with support from several companies in the oil and gas industry, including ExxonMobil...

U.S oil major ExxonMobil has outlined a comprehensive plan for the reduction of its emissions output for the next four years which are projected to put it on a pathway consistent with the goals of the Paris Agreement and...

Originally published in the Geological Society of Trinidad and Tobago (GSTT) HAMMER Magazine – February 2021 The CARICOM region is now one of the hot spots globally for oil and gas activity, with most of the drilling taking place in Guyana...