Exploration

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...
Exploration

Discovered resources in Guyana set to increase as Exxon ramps up exploration operations

OilNOW -
ExxonMobil’s search for more crude is moving forward offshore Guyana, with campaigns ongoing at new prospects at the 6.6 million acres Stabroek Block. The company is continuing exploration drilling operations at Seabob-1 and Kiru Kiru-1 utilising the Stena Carron and...
Exploration

CGX, Frontera announce discovery of light oil, gas condensate at ‘plugged and abandoned’ well

OilNOW -
Following their receipt of integrated results for the Kawa-1 well, Canadian joint venture partners, CGX Energy Inc. and Frontera Energy Corporation announced on Monday that the “finder well” successfully unlocked light oil and gas condensate at the Corentyne Block. Gabriel...
Exploration

Guyana holds over 10% of all conventional resource finds since 2015

OilNOW -
Guyana has made its mark in the global oil and gas industry with an estimated proven recoverable resource of nearly 11 billion oil-equivalent barrels in the ExxonMobil-operated Stabroek Block. “That figure accounts for more than 10% of all the conventional...
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...
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Latest News

NewsOilNOW -

Ruling issued on Gas-to-Energy project dispute

A ruling has been issued in the dispute between the Government of Guyana and Gas-to-Energy contractor, Lindsayca/CH4. The matter...

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.

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