Discoveries

Petronas, ExxonMobil make third Block 52 discovery offshore Suriname 

Petronas has added to Suriname’s oil bounty with a new discovery in Block 52 at the Fusaea-1 exploration well.  The prospect is located about 170 kilometers offshore and nine kilometers east of Roystonea-1, the company said today.  “The favorable results attained...

Russia strikes black gold off British Antarctic cost, 511 billion barrels worth 

(Yahoo News, May 13, 2024): Russia has found huge oil and gas reserves in British Antarctic territory, potentially leading to drilling in the protected region. The reserves uncovered contain around 511bn barrels worth of oil, equating to around 10 times...

Petrobras replicates Guyana, Suriname success with second discovery at Potiguar Basin

Petrobras has struck oil in a well located in Brazil’s Potiguar Basin, during a campaign it embarked on in earnest to repeat exploration successes off the coasts of Guyana and Suriname. Announcing the find in an April 9 release,...

Exxon makes new discovery at Bluefin off Guyana coast

ExxonMobil Guyana said it made a discovery at the Bluefin well in the Stabroek Block offshore Guyana, its first this year. The Bluefin well encountered approximately 197 feet (60 meters) of hydrocarbon-bearing sandstone and was drilled by the Stena Drillmax...

Guyana delivered 800 million boe in 2023 compared to 3.4 billion last year

Twenty-twenty two was hailed as the most successful year for exploration in Guyana's history, marked by a total of nine discoveries in the Stabroek Block and a significant find in the Corentyne Block. This year, the pace has slowed,...

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

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...

Equinor finds more gas in North Sea, plans to tap this year

Equinor has announced a commercially viable gas discovery by the Gina Krog field in the North Sea, with plans to commence production as early as the fourth quarter of 2023. The discovery, although considered small, is significant due to...

Petronas, Exxon hit oil jackpot with second discovery at Block 52 offshore Suriname

Petronas Suriname has announced a major oil discovery at the Roystonea-1 exploration well in block 52.  The successful drilling, carried out in an offshore location about 185 kilometers from the coast and at a water depth of 904 meters, has...

Lancetfish delivers more oil, new interval in play

The Lancetfish reservoir in Guyana’s Stabroek block has delivered more oil, Hess Corporation announced on Wednesday in its earnings statement.  Hess said the Lancetfish-2 appraisal well encountered approximately 125 feet of net oil pay in appraisal reservoirs and approximately 65...

Trinity Exploration hits “virgin oil” in super-mature basin in TT 

UK-based energy company Trinity Exploration & Production has made a groundbreaking discovery of what it refers to as "virgin oil" in an exceptionally mature basin onshore Trinidad and Tobago.  Trinity Exploration & Production announced on August 7 that it had...

Latest News

Strict enforcement of local content law crucial for Guyana’s Success – Nestoil CEO

Chairman and Chief Executive Officer of Nestoil Group, Dr, Ernest Azudialu-Obiejesi, has urged the Guyanese government to learn from...