Exploration

Exploration

Appraisal drilling underway at Tripletail-2

OilNOW -
Appraisal drilling is underway at the Tripletail-2 well in Stabroek Block, as oil major ExxonMobil continues to assess discoveries and expands operations offshore Guyana. According to the Maritime Administration Department (MARAD), the Stena Carron will be used for the campaign....
Exploration

Sea-bob and Kiru-Kiru are next targets in major 12 well Stabroek Block campaign

OilNOW -
Hess Corporation’s Chief Operating Officer (COO) Greg Hill recently disclosed that upcoming wells in the second quarter for the Stabroek Block will include Sea-bob, targeting the Campanian reservoirs, located 10 miles south of the Yellowtail field. Kiru-Kiru is also...
Exploration

Exxon eyes bigger production facilities, extending current projects – Darren Woods

OilNOW -
Guyana’s prolific Stabroek Block holds an estimated 11 billion barrels of oil equivalent with only a fraction of the 6.6 million acres (26,800 square kilometers) explored by operator ExxonMobil and its partners Hess and CNOOC so far. More exploration activities are on the...
Exploration

Equinor to go after Namibia-like exploration success offshore Argentina

OilNOW -
Equinor, the Norwegian state-owned multinational energy company, operates a Block offshore Argentina called CAN-100, which the country hopes later this year will yield a discovery as successful as Namibia’s. Rystad Energy's Senior Vice President and Head of Latin America, Schreiner...
Discoveries

Exxon is 5 for 5 offshore Guyana with success rate now exceeding 90%

OilNOW -
ExxonMobil has entered the new year with huge success off the coast of Guyana, delivering five discoveries from five attempts at hitting commercial crude in the block that keeps on giving. The company also increased its recoverable resource estimate...
Discoveries

Exxon triple discoveries catapult Guyana resource base to almost 11 billion barrels

OilNOW -
ExxonMobil has made three new discoveries offshore Guyana and increased its estimate of the recoverable resource for the Stabroek Block to nearly 11 billion oil-equivalent barrels. The three discoveries are southeast of the Liza and Payara developments and bring to...
Exploration

Exxon wrapping up 4D Seismic operations at Stabroek Block

OilNOW -
ExxonMobil will soon conclude 4D seismic surveying operations at the 6.6 million acres Stabroek Block offshore Guyana. The seismic equipment recovery will incorporate the use of the MV Thor Alpha, MV Thor Freyja and SV Ramform Tethys.   The Maritime Administration...
Discoveries

Petrobras makes new oil find in Campos basin

OilNOW -
Brazilian state-run oil company Petrobras recently announced the discovery of a new accumulation of oil in the pre-salt of the southern part of the Campos Basin in a pioneer well in the Alto de Cabo Frio Central block. The Well 1-BRSA-1383A-RJS (Alto de Cabo...
Exploration

Guyana pointing explorers to available acreage ahead of landmark bid round

OilNOW -
Guyana - the hottest new petroleum exploration destination on the planet - is currently inviting oil explorers to tap into unlicensed onshore and offshore acreages. As the country prepares to auction oil blocks later this year, the Guyana Office for...
Exploration

Baker Hughes to boost well capabilities with acquisition of Norwegian firm

OilNOW -
Baker Hughes said on Monday that it will be acquiring Altus Intervention, a Norwegian company with four decades of industry experience developing well-intervention solutions. With this acquisition, Baker Hughes will have the opportunity to further improve its life-of-well capabilities for...
1...131415...55Page 14 of 55

Latest News

NewsOilNOW -

SBM Offshore expects US$1.9 billion in EBITDA this year, driven by Guyana FPSO sales

SBM Offshore has updated its 2024 guidance for earnings before interest, taxes, depreciation and amortization (EBITDA)to US$1.9 billion, representing...

OilNOW is a Resource Center founded and owned by Guyanese. OilNOW is an apolitical, non-partisan, privately owned agency that strives to ensure the highest degree of accuracy and balance.

Quick Access

Company Info

Social Networks