Exploration

The announcement this week by U.S. oil major ExxonMobil that it has discovered more oil off the coast of Guyana further enhances the outlook analysts have had for the new oil producing country. Additional volumes being discovered at the...

TotalEnergies and Apache Corporation have encountered oil in the Sapakara South-1 well on Block 58 off the coast of Suriname. This announcement follows previous discoveries at Maka Central, Sapakara West, Kwaskwasi and Keskesi. Located 4 kilometers south-east of the Sapakara...

All named after fishes, the exploration wells at the Stabroek Block continue to deliver massive hydrocarbon resources with a double oil strike announced on Wednesday at the Whiptail area and a major line-up of new prospects being targeted by...

Guyanese company NRG Holdings Inc. plans to establish a multi-billion-dollar multi-purpose port facility dubbed the ‘Port of Vreed-en-Hoop’ that will feature a major shore base at Foreshore, Plantation Best on the West Bank of Demerara. The intended development will fill...

Shell Trinidad and Tobago says production has started on Block 5C in the East Coast Marine Area (ECMA) in the twin island republic. This marks a significant milestone in the delivery of gas both domestically and internationally through Atlantic...

ExxonMobil Guyana says it has been pursuing various initiatives to ensure hundreds of Guyanese are able to take up leading roles in supporting the operations of the Liza Destiny Floating Production Storage and Offloading (FPSO) vessel. Public and Government Affairs Advisor, Janelle Persaud, disclosed...

The companies that were successful in the recently concluded Suriname bid round are now to submit their exploration work programme the head of state oil company, Staatsolie Maatschappij Suriname N.V. told OilNOW. Chevron Exploration Suriname Limited and a consortium consisting of...

The Greenlandic government, Naalakkersuisut, has decided to drop all future oil exploration on and around the world's largest island, Danish media reported last week. This is being done partly in response to climate concerns and the need to protect the...

Italian multinational oil and gas company Eni said it has made a significant oil discovery on the Eban exploration prospect in CTP Block 4, offshore Ghana. The Eban - 1X well is the second well drilled in CTP Block...

Close attention is being paid to the upcoming July 1 OPEC+ meeting at which the alliance is expected to pronounce on its production plan for August and likely beyond. Crude production is currently being held at 6.2 million bpd...