Exploration

Exploration

Staatsolie targeting offshore bid round every year – Managing Director 

Shikema Dey -
Suriname’s state oil company Staatsolie plans to host an auction for every year until all of its offshore acreage is under contract.  Its Managing Director, Annand Jagesar, disclosed this to OilNOW in an exclusive interview at its headquarters in Suriname’s...
Exploration

Baker Hughes achieves fastest open water work in Guyana wells team history

OilNOW -
Baker Hughes said it set a new benchmark for open water drilling in Guyana, completing a 26-inch section with “unprecedented speed and efficiency.”  The company reported a 40% increase in on-bottom rate of penetration (ROP) and a 61% reduction in...
Exploration

Stabroek Block reserve estimate now stands at 11.6 billion barrels – Guyana oil minister

OilNOW -
The ExxonMobil-operated Stabroek Block offshore Guyana is estimated to hold 11.6 billion barrels of oil equivalent resources. Minister of Natural Resources, Vickram Bharrat, shared the updated figure during an August 14 press conference in Georgetown.  It represents the first change from...
Exploration

S&P estimates 18.7 billion barrels of recoverable resources in Guyana Basin

OilNOW -
S&P Global estimates that recoverable resources of 18.7 billion barrels of oil equivalent (boe) have been discovered in the Guyana Basin since 2015.   S&P Global Commodity Insights analysts Fernanda Machado, Mariana Anjos and Jerry Jarvis said in a...
Exploration

New wells in untouched oil plays planned for Suriname over next two years – Jagesar

Shikema Dey -
Paramaribo, Suriname - Staatsolie, Suriname's state oil firm, has big plans for its offshore oil sector, with an extensive exploration program eyed over the next two years.  "We are planning...lots of exploration wells, which is exciting because it gives the...
Exploration

Trumpetfish and Redmouth wells up next on Exxon’s Stabroek Block drill campaign

OilNOW -
ExxonMobil is targeting the Trumpetfish-1 and Redmouth-1 wells next in its Stabroek Block exploration campaign.  According to notices from Guyana’s Maritime Administration Department (MARAD), drilling at Trumpetfish-1 is scheduled to conclude on April 30 while drilling at Redmouth-1 is scheduled...
Exploration

Stena DrillMAX leaves Guyana temporarily for Exxon’s Newfoundland campaign

OilNOW -
The Stena DrillMAX is sailing across the Atlantic, on its way to Newfoundland to assist with an ExxonMobil-led campaign.  The vessel will be used to drill the Persephone wildcat well of Exploration License (EL) 1169. The license area lies in...
Exploration

Petronas commences drilling on Fusaea well in Suriname’s Block 52

OilNOW -
Annand Jagesar, Managing Director of Staatsolie confirmed that Petronas has commenced drilling in Suriname’s block 52.  “They are drilling the Fusaea oil exploration well. This will be followed by the Sloanea gas appraisal well,” Jagesar told OilNOW. Drilling activities are...
Exploration

Exxon to write off Kaieteur Block expenses

OilNOW -
ExxonMobil Guyana President, Alistair Routledge, said the company is writing off its Kaieteur Block expenses, having decided last year to withdraw from the license. In addition to the Stabroek Block, the company operates the Canje block and, up until...
Discoveries

Guyana is now a major competitive, policy-friendly player in global deepwater arena

OilNOW -
A massive infrastructure transformation and construction boom in South America’s lone English-speaking country are the most visible signs of the nation’s newfound wealth which is being delivered by huge oil fields under development offshore. And the latest World Economic...
123...56Page 2 of 56

Latest News

NewsOilNOW -

With 600+ homicides and counting, Trinidad declares state of emergency

Trinidad President Christine Carla Kangaloo declared a state of emergency, the government announced Monday morning. The twin-island nation is grappling...

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