22 C
Georgetown
Saturday, April 17, 2021

Exploration & Production

Around 2500 offshore wells set to be drilled in major deepwater comeback, Guyana at...

0
Oil and gas exploration activities remain resilient even after a devastating year that saw investments declining by more than 30%, widespread shut-ins, and well over 100 bankruptcy filings. But after the gloom of 2020...

Will Guyana oil resources remain relevant as the energy transition takes hold?

0
Whatever the pace of the energy transition, the world will still rely on oil and gas for much of its energy needs until well beyond 2040, according to research conducted by consultancy group Wood...

Industry has found more natural gas than it needs or can commercialise, oil remains...

0
Energy market research and intelligence company Westwood Energy said in a report last week that more than 60% of the discovered resource in 2012-2020 was gas, even though ~70% of high-impact wells were targeting...

Oil remains biggest prize as 2021 set to see lowest number of wells targeting...

0
Even though the world is witnessing an unprecedented increase in efforts to transition to cleaner sources of energy starting with natural gas, there is still very little evidence of explorers going after this resource...

Disappointment for Tullow as Suriname well fails to deliver commercial crude

0
Tullow Oil said on Thursday the Goliathberg-Voltzberg North (GVN) exploration well, drilled in Block 47, offshore Suriname, has reached total depth and encountered good quality reservoir but only minor oil shows. The Stena Forth rig...

Guyana discoveries redefining Caribbean region’s oil potential – Dr. Anthony Bryan

0
With 18 discoveries offshore Guyana equating to nine billion barrels of recoverable oil resources, the record-making results of oil exploration in the South American country has resulted in the re-examination of the Caribbean region...

2021 could be busiest year ever for exploration at Stabroek block

0
2021 is shaping up to be a significant period for exploration and appraisal operations in the Guyana-Suriname basin with targets at the prolific Stabroek block potentially making it the busiest year ever for drilling...

CGX Energy says drilling Guyana wildcats to cost $US90 million

0
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...

Exploration success on decline globally while Guyana continues to add billions of barrels

0
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...

Total confirms plans underway to deliver first oil at Suriname Block 58 by 2025

0
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...