Exploration

Exploration

Oil price climbing to a point where Guyana can rake in record revenues

OilNOW -
An oil supply shortfall is coming and with OPEC+ expected to provide just a fraction of the demand, barrels from producers outside of the alliance, such as Guyana, would be needed even more. Already, dated Brent has soared past...
Exploration

Exxon forges ahead with exploration drilling at Pinktail, Cataback

OilNOW -
ExxonMobil is forging ahead with its aggressive exploration and appraisal drilling programme offshore Guyana with new prospects being targeted at the 6.6 million acres Stabroek Block. The Noble Sam Croft drill ship is probing Pinktail-1, located 104 nautical miles (192.6...
Exploration

“We didn’t realise the significant potential of Stabroek Block” – says Shell VP exploration

OilNOW -
Oil and gas exploration is risky business. Prior to the 2015 Liza discovery, all available data pointed to a high probability of not finding any commercial hydrocarbons offshore Guyana. The level of uncertainty was so high that U.S. oil...
Exploration

Exxon moves to Whiptail as 15-well Guyana campaign ramps up

OilNOW -
Fresh off a new discovery announced just last week, U.S. oil major ExxonMobil is now moving to Whiptail, another prospect on the 6.6 million acres Stabroek Block where over 9 billion barrels of oil equivalent have been found since...
Exploration

Koebi-1 fails to deliver commercial crude, but Stabroek bonanza grows

OilNOW -
The success rate at the Stabroek Block offshore Guyana remains unprecedented with significant hydrocarbon resources being found over the last year at previously announced discoveries. Even with disappointment at some of the wells, the overall oil strikes remain on...
Exploration

Exxon resumes exploration drilling at Canje Block, Repsol kicks off survey at Kanuku

OilNOW -
Exploration drilling in the Canje Block offshore Guyana continues at the Jabillo-1 prospect located approximately 261 kilometers offshore. The Stena Carron had initiated drilling operations at Jabillo-1 on March 14 as part of a three-well campaign planned this year on...
Exploration

Guyana oil minister calls on investors to work with locals

OilNOW -
To ensure all stakeholders benefit from Guyana’s lucrative oil and gas sector, Minister of Natural Resources, Vickram Bharrat urged current and prospective investors to work with locals on their projects. He made this call during his brief remarks at...
Exploration

Guyana-Suriname Basin will be important to global energy transition – Hess VP Exploration

OilNOW -
In order for the energy needs of the world to be met, upstream investments will have to significantly increase in the coming years. Deepwater ‘advantaged barrels’ in locations such as the Guyana-Suriname Basin will therefore continue to play a...
Exploration

Russia Deputy Prime Minister says IEA’s net zero plan could push oil price to $200

OilNOW -
Russia Deputy Prime Minister Alexander Novak says the International Energy Agency (IEA)’s call for a halt to global oil and gas developments could push oil prices to $200 a barrel. “If the international energy agency's decision to avoid financing new...
Exploration

Scale of resources, production potential at Suriname’s Block 58 “bigger than big” says APA official

OilNOW -
All eyes are on Suriname’s Block 58 where four of the country’s five offshore discoveries have been made to date and the scale of the resource volume and production potential is said to be “bigger than big” according to...
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Latest News

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New Demerara bridge to be completed by August 31, 2025 – Government

The new four-lane high-span Demerara bridge will be completed on August 31, 2025.  The bridge is now 61.72% completed, and...

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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