Exploration

Exploration

Exxon resuming drill campaign at Barreleye-1

OilNOW -
ExxonMobil is set to continue drilling activities at the Barreleye-1 prospect at the Stabroek Block offshore Guyana, following ongoing drilling activities at Kiru Kiru which commenced earlier in March. The drill campaign at Barreleye-1 had started in January but was not...
Exploration

Exxon in search of more crude at Kiru Kiru as Stabroek Block campaign intensifies

OilNOW -
ExxonMobil affiliate, Esso Exploration and Production Guyana Limited (EEPGL), is drilling yet another well, Kiru Kiru-1, at the Stabroek Block offshore Guyana. A notice from Guyana’s Maritime Administration Department (MARAD) stated March 14 as the start date for drilling activities,...
Exploration

Repsol in search of critical services for new well at Kanuku Block

OilNOW -
Spanish oil firm Repsol, operator of the Kanuku Block offshore Guyana, is in search of companies to provide information regarding well testing services. In Requests For Information (FRI) posted by its local affiliate Repsol Exploración Guyana on Friday, the company...
Exploration

CGX raises US$35 million for new well on Corentyne Block, other activities in Guyana

OilNOW -
CGX Energy Inc. and Frontera Energy Corporation announced on Friday that they have entered into a financing agreement for a US$35 million loan that will enable CGX to continue to finance part of its share of costs related to...
Exploration

Exxon, EPA could have agreement in place by month end for US$2B environmental assurance

OilNOW -
ExxonMobil affiliate Esso Exploration and Production Guyana Limited (EEPGL) on Wednesday told reporters that in the very unlikely event a major accident such as an oil spill occurs at the offshore Stabroek Block, the consortium has the technical and...
Exploration

Investment in technology delivering big results for Exxon in Guyana – Woods

OilNOW -
The application of technology across a broad spectrum of its operations in Guyana has enabled ExxonMobil to deliver significant discoveries at an unprecedented rate since the company hit the first jackpot at Liza-1 just under seven years ago. This...
Exploration

Exxon targeting hydrocarbons at multiple wells – Lukanani-1 to come under drill bit

OilNOW -
In keeping with the Guyana government’s stated position of accelerating exploration and production activities offshore, ExxonMobil is forging ahead with its 2022 work plan, targeting multiple wells at the prolific Stabroek Block where it has already found more than...
Exploration

Guyana working on gas strategy; Ghana to provide assistance – Vice President Jagdeo

OilNOW -
The Guyana government appears ready to take more bold but cautious steps in the hydrocarbon arena as it is focusing some of its energy on creating a gas strategy with the assistance of its West African counterpart, Ghana. Confirming this...
Exploration

Keeping Guyana at the forefront of deepwater development, ExxonMobil gears up for fifth project

OilNOW -
To ExxonMobil Guyana President Allister Routledge, the country is at the “forefront of deepwater development” in the world and the U.S. oil major intends to help it keep that lead as it gears up for the fifth oil development...
Exploration

Guyana’s oil story not confined to deepwater, explorers looking inland – Bharrat

OilNOW -
The flurry of activity in Guyana’s prolific Stabroek Block and more recently, the Corentyne Block has sparked renewed interest in the onshore Takatu Basin, Minister of Natural Resources Vickram Bharrat disclosed on Wednesday. Explorers have had an interest in Guyana’s...
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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...

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