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...
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...
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...
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...
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...
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...
ExxonMobil remains focused on developing the vast hydrocarbon resources offshore Guyana in keeping with the government's objective of moving these projects forward in a timely manner. The U.S. multinational says it is not playing a role in providing financial...
Analysts have said the significant sums Guyana is set to receive in oil revenue can make the country one of the richest in the world, per capita. The companies producing oil there are also set to receive massive returns...
ExxonMobil Guyana has commenced exploration drilling operations at the Bluefin-1 well site, situated within the Stabroek Block of Guyana's Exclusive Economic Zone, as announced by Guyana's Maritime Administration Department. This move comes as part of the company's vigorous exploration...
A consortium comprising BP and Shell has inked an agreement with Trinidad and Tobago, greenlighting the exploration of three deepwater blocks—25a, 25b, and 27—for hydrocarbon production.
Trinidad and Tobago's Minister of Energy, Stuart Young, confirmed that the cabinet has approved...