Exploration

Canada-based exploration company targeting ‘multi-hundred million’ payloads at Guyana block   

A Canada-based oil and gas company is targeting a multi-hundred million barrel stacked pay opportunity at the Orinduik Block, offshore the South American country of Guyana. The exploration company - Eco (Atlantic) Oil & Gas Ltd. - said its...

Repsol conducting post drill surveys at Beebei-1 well site

Kanuku Block operator, Repsol, is conducting environmental surveys at the Beebei-1 well site, according to an August 4 notice by Guyana’s Maritime Administration (MARAD).  It said the exercise which commenced in early August, will conclude by the end of the...

Staatsolie boss confident of FID for Suriname’s Block 58 next year; says more resources accumulating

2024 has been confirmed as the timeline for Suriname’s Block 58 Final Investment Decision (FID) signaling a potential start to offshore oil production in the South American country.  That timeline was confirmed to OilNOW by Managing Director of Staatsolie -...

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...

Latest News

“Look to our women population” – CLBD Director urges, to bridge 53,000 skilled worker gap 

Dr. Natasha Gaskin-Peters, Director of the Centre for Local Business Development (CLDB), has called on Guyana to leverage its...