Exploration

OSV Horn Island vessel leading deepwater development at Liza Field

The OSV Horn Island vessel will be continuing deepwater development at Guyana’s Liza Field located in the offshore Stabroek Block.  A recent notice by the Maritime Administration Department (MARAD) outlined that activities will conclude at the site on December 31.  The...

35-well campaign a go in Exxon-operated Stabroek Block

Guyana’s Environmental Protection Agency (EPA) has granted approval for a 35-well exploration and appraisal campaign at the ExxonMobil-operated Stabroek Block.  Approval was granted after the Environmental Assessment Board reviewed and declared the Environmental Impact Statement and Environmental Impact Assessment submitted...

Full gas potential of Stabroek Block will be tested over next four years

ExxonMobil Guyana is expected to test the gas potential of the Stabroek Block with the aim of having such resources potentially underpin an independent project.  During a recent energy conference, Chief Executive Officer of Hess Corporation, John Hess said the...

Suriname’s deepwater bid round closed

Suriname’s Staatsolie has announced the successful closure of its 2022-2023 Demerara Bid Round, where six blocks were up for grabs.  According to Staatsolie, it received qualified bids for three of the blocks offered from several companies and/or consortia.  “We thank all...

Equinor wildcat well fails to deliver pay

Equinor Energy AS, operator of production licence 923, has concluded the drilling of wildcat well 31/2-23 S, the Norwegian Petroleum Directorate said on Thursday. The well was drilled about 3 kilometres west of the Troll field in the North Sea and about...

Norway and Guyana defend oil production amidst environmentalist pressure

There has been an increased global push from anti-oil environmentalists for an end to oil projects in an effort to combat climate change and ensure a smooth transition to renewable energy sources. But countries like Guyana and Norway have...

From Africa to South America, leaders say environmental lobby hindering development

In a world grappling with the urgent need to combat climate change, the western environmental lobby stands accused of putting some nations between a rock and a hard place. A divide seems to be emerging between anti-oil activists and...

Exxon keeps returning to Fangtooth discovery area

The dual-activity dynamically positioned (DP3) drillship, Stena Carron, is undertaking operations in the deep waters off the Guyana coast in the ExxonMobil-operated Stabroek Block where a 7th development is being targeted. Guyana’s Maritime Administration Department (MARAD) said in a May...

Exxon to conduct suite of studies to optimise Stabroek Block projects

ExxonMobil Guyana has agreed to conduct a suite of studies to ensure the operational efficiencies and integrity of its Stabroek Block projects are preserved for decades to come.According to the Petroleum Production Licence for the Uaru Development Project, Exxon’s...

Drilling to resume at CGX’s Wei-1 Guyana well, after medium-sweet oil find

CGX Energy said on Wednesday drilling operations at the Wei-1 well offshore Guyana has encountered multiple oil-bearing intervals in the western channel fan complex of the northern portion of the Corentyne Block. The intervals, CGX said, are in formations of...

Latest News

Guyana is leading contributor to Noble’s 2023 revenue surge

Noble Corporation plc announced US$2.6 billion in revenue in its 2023 Annual Report, marking a year-on-year increase of 83%....