Exploration & Production

Brent outlook for 2020 stands at $42.35 as Guyana expected to lift 2 million...

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New oil producer Guyana is expected to lift 2 million barrels more of Liza crude this year, representing the country’s share of 5 million barrels; 3 million of which have already been exported. Oil production...

Oil tanker SKS SPEY lifts Guyana’s 3rd million-barrel cargo

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The offloading of Guyana’s 3rd million-barrel oil cargo from the Liza Destiny FPSO to Norwegian flag-carrier SKS SPEY concluded on Sunday, marking the final lift under the current contract the country has with Shell...

Suriname’s world-class discoveries expected to be developed in shortest time possible: like Guyana’s Liza...

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Suriname state oil company Staatsolie would like to see the country’s deepwater discoveries move to development in the shortest time possible, similar to the Liza discovery in Guyana which operator ExxonMobil was able to...

‘Multiple high potential leads’ identified on Corentyne Block – CGX Energy

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CGX Energy Inc.through CGX Resources Inc. (CRI), operator of the Corentyne Block offshore Guyana, under a Joint Operating Agreement with Frontera Energy Guyana Corp., said Thursday a seismic acquisition conducted on the block has...

Oil tanker SKS SPEY will lift Guyana’s 3rd million-barrel oil cargo this weekend

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Norwegian flag-carrier SKS SPEY will lift the third million-barrel oil cargo for Guyana this weekend. OilNOW understands the vessel is in a waiting area ahead of lifting the crude from the Liza Destiny FPSO. Guyana...

UK oil company strikes exploration deal in Jamaica

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UK-based United Oil & Gas PLC said on Monday it has received approval from the Jamaican Government to take forward the Walton Morant Licence, Jamaica, on a 100% operated basis. United has been assigned Tullow Jamaica Ltd's 80%...

Oil edges lower on oversupply concerns as OPEC+ set to raise output

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(Reuters) - Oil prices fell on Monday on concerns about oversupply as OPEC and its allies, together known as OPEC+, are due to pull back from production cuts in August while an increase in...

Stena Carron to spud Tanager-1 at Kaieteur block

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The Stena Carron drill ship is set to spud the first well on the 3.3 million acres Kaieteur block as operator, ExxonMobil, expands its search for hydrocarbons offshore the South American country of Guyana....

As Guyana prepares to lift its 3rd oil cargo – new four-month supply glut...

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Guyana will lift its third million-barrel oil cargo next week just as the upcoming partial return of curtailed OPEC+ oil production from August is set to create a new four-month supply glut of around...

Tullow pushes back Suriname well campaign to 2021

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UK-based Tullow Oil said Wednesday it will be drilling the Goliathberg-Voltzberg North prospect at Suriname’s Block 47 early next year instead of Q4 2020, as was previously announced. The prospect lies approximately 260 kilometres off...