Exploration

Exploration

High-impact well activity to bounce back after one-year slump – Rystad Energy

Shikema Dey -
Norway-based Rystad Energy expects a rebound of high-impact drilling after what was described as a “disappointing” 2021 with success rates plunging to record lows. Rystad Energy classifies high-impact wells through a combination of factors, including the size of the prospect,...
Exploration

Keppel bags US$2.9 billion contract for ninth FPSO in Brazil’s Búzios field

OilNOW -
Keppel Offshore and Marine – a subsidiary of Keppel Shipyard – has secured a US$2.9 billion contract for the engineering, procurement, and construction of a new platform vessel for Brazil’s Petrobras. It would be the ninth vessel for Petrobras’ Búzios offshore oil field. Scheduled for...
Exploration

Maersk Discoverer confirmed for new Guyana well in fourth quarter

OilNOW -
The Maersk Discoverer semisubmersible drilling rig is confirmed for exploration operations offshore Guyana in the fourth quarter of this year. According to Maersk’s latest Fleet Status Report, the rig is scheduled to be in Guyana, on contract with CGX Resources...
Exploration

World Bank, Guyana ink US$44 million Human Capital Development pact

OilNOW -
The World Bank and Guyana’s Government officially signed an agreement on Friday for a US$44 million Human Capital Development Project to improve access as well as learning conditions in secondary education. It is also intended to improve access to...
Exploration

Regulators are present on both FPSOs doing real-time monitoring – Bharrat

OilNOW -
The capabilities of key agencies tasked with monitoring the offshore oil and gas operations in Guyana have been strengthened over the last two years and work is ongoing to further build capacity as production ramps up in the new...
Exploration

Repsol hits water-bearing targets at Guyana well

OilNOW -
Drilling operations at the Beebei-Potaro exploration well, drilled in the Kanuku licence, offshore Guyana, have been completed. The well encountered good quality reservoir in the primary and secondary targets but both targets were water-bearing. The Noble Regina Allen rig drilled...
Exploration

Westwood names Guyana, Namibia among high-impact exploration successes

OilNOW -
Energy market research and intelligence firm, Westwood Global Energy, has named Guyana and Namibia among oil exploration and production jurisdictions where high impact exploration has proven successful. “38 high-impact exploration wells were drilled in the first half of 2022, similar...
Exploration

Eco says Canje Block remains “highly prospective” ahead of 12-well campaign

OilNOW -
Eco-Atlantic has set its sights on raking in big wins from Guyana’s offshore Canje Block, as the operator ExxonMobil gears up for a 12-well exploration campaign. The company has no direct stake in the Canje Block but holds 7.3% of...
Exploration

Exxon to spend more than US$100 billion through 2027 to meet world’s energy needs

OilNOW -
ExxonMobil expects to invest over US$20 billion annually to help meet the world’s growing energy needs through 2027. That's more than US$100 billion in the next five years. This will amount somewhere between US$21 billion and US$24 billion this...
Exploration

100M-barrel Jethro well could be Guyana’s first oil production project outside Stabroek Block

OilNOW -
The fallout from Russia's invasion of Ukraine has resulted in a spike in oil prices. Now, the Orinduik Block partners - Eco Atlantic, Tullow Oil, TotalEnergies and Qatar Energy - plan to revisit the commercialisation potential of the Jethro...
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T&T Energy Ministry to investigate rig collapse that left worker missing

Pete Phillip, a worker attached to Well Services Limited, is missing after an incident at Rig 110 within the...

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