Exploration

Exploration

WoodMac projects multi-billion-dollar revenues for Guyana as discoveries grow

OilNOW -
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...
Exploration

More oil for Suriname: TotalEnergies and Apache announce new discovery

OilNOW -
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...
Exploration

Pinktail, Tripletail, Cataback and Fangtooth – exploration soars at hottest new basin

OilNOW -
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...
Exploration

Multi-billion-dollar ‘Port of Vreed-en-Hoop’ facility in the works

OilNOW -
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...
Exploration

Shell’s Barracuda Project delivers first gas in T&T

OilNOW -
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...
Exploration

Exxon says goal is to have 75% Guyanese workforce on each FPSO

OilNOW -
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...
Exploration

Winners of Suriname bid round to submit exploration work programme – Jagesar

OilNOW -
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...
Exploration

Island with GDP 8 times that of Guyana decides to no longer pursue oil exploration

OilNOW -
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...
Exploration

Eni makes significant oil discovery offshore Ghana

OilNOW -
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...
Exploration

All eyes on upcoming OPEC+ meeting as Brent hovers above $76

OilNOW -
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...
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NewsOilNOW -

Exxon to relinquish 9% of Stabroek Block acreage

ExxonMobil will relinquish at least 9% of the vast Stabroek Block in Guyana as required by its petroleum agreement,...

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.

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