Exploration

Exploration

TotalEnergies secures Maersk rig for new Suriname well

OilNOW -
TotalEnergies E&P Suriname, operator of Block 58, has secured the Maersk Valiant to drill another well offshore Suriname in the third quarter. The driller said TotalEnergies exercised an option available to it, in a deal it has with Maersk, to add...
Exploration

Guyana delivered largest oil and gas discovery in 20 years, more to come – Hess

OilNOW -
The nearly 11 billion barrels of oil equivalent found so far at the Stabroek Block offshore Guyana may just be a scratch on the surface of what is emerging as one of South America’s most prolific oil and gas...
Exploration

Public hearing for June 30 on Exxon’s 12-well drill campaigns for Kaieteur, Canje Blocks

OilNOW -
Guyana’s Environmental Assessment Board (EAB) is set to hear concerns surrounding ExxonMobil’s planned 12-well drill campaigns for the Kaieteur and Canje offshore blocks on June 30. A notice published by the EAB on Monday outlined that the public hearing will...
Discoveries

APA shares fall 4% after encountering water-bearing reservoirs offshore Suriname

OilNOW -
APA corporation, an affiliate of Apache Corporation, said it encountered water-bearing reservoirs at Rasper well in the northwestern area of Suriname’s Block 53. “The well encountered water bearing reservoirs in the Campanian and Santonian intervals, evaluation of the open hole well...
Exploration

Guyana oil could help meet global demand for next 20-30 years

OilNOW -
Even as the world transitions to renewable energy, demand for fossil fuels will remain robust over the next 20-30 years. Guyana’s low cost, low carbon barrels are best positioned to meet this demand and the South American country has...
Exploration

T&T intent on ramping up natural gas production to highest levels possible

OilNOW -
While some international groups have advised that nations move swiftly towards the diversification of their energy mix with renewable resources taking the lead, Trinidad and Tobago’s Prime Minister, Dr. Keith Rowley, said his home country is taking a different...
Exploration

Guyana-Suriname basin steals spotlight from Brazil – Rystad Energy

OilNOW -
The Guyana-Suriname basin has overtaken Brazil’s pre-salt play as South America’s leading exploration hotspot, says Rystad Energy, an independent energy research and business intelligence company based in Norway. This latest feat, it said, can be credited mostly to ExxonMobil’s basin-opening...
Exploration

Big volumes at 18,000 ft could see standalone FPSO for new Stabroek Block development

OilNOW -
The Fangtooth discovery which was announced by ExxonMobil back in January 2022 holds enough oil deposits to underpin its own floating, production, storage and offloading (FPSO) vessel. This was disclosed by Hess Corporation which has a 30% working interest...
Exploration

‘If CGX can’t raise funds to meet commitments, that’s none of our business’ – Jagdeo

Kemol King -
Not long after the Irfaan Ali administration assumed office in 2020, CGX Energy was granted an extension to its deadline to drill a well on the Corentyne block offshore Guyana. While it looks like CGX may need another extension – this...
Exploration

Repsol preparing to spud Beebei-1 well at Kanuku Block

OilNOW -
Repsol, operator of the Kanuku Block offshore Guyana, is preparing to undertake drilling operations at the Beebei-1 prospect. OilNOW understands the well will be spudded around May 25. Repsol has a 37.5 stake in the Kanuku Block. The other partners...
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Latest News

NewsOilNOW -

Hull for Guyana’s Jaguar FPSO arrives at Singapore yard

SBM Offshore said the multi-purpose floater (MPF) 5 has arrived at the Seatrium yard in Singapore. The hull is...

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