Exploration

Finnish Group, Guyanese companies join forces to handle waste from offshore oil & gas assets

One of the newest Oil and Gas (O&G) support companies to enter Guyana’s petroleum industry is Sustainable Environmental Solutions Inc. (SES), made possible through a joint venture agreement between Finnish company, Corena Group Integrated Environmental Solutions, and local companies,...

Exxon hits pay at Uaru-2 in 19th Guyana oil discovery

ExxonMobil announced on Tuesday its 19th discovery offshore the South American country of Guyana at the Uaru-2 well which will add to the previously announced gross discovered recoverable resource estimate for the block, which is currently estimated to be...

Exploration drilling continues at Koebi-1

The Stena Carron rig is resuming drilling operations at the Koebi-1 prospect in the prolific Stabroek Block offshore Guyana after an initial operation at the well site in March. The well is situated approximately 120.6 nautical miles (223.4 kilometers) from...

Bahamas Petroleum looking to ramp up production in T&T, Suriname

Bahamas Petroleum Company plc said Friday it will be embarking on a comprehensive program of activities that will see an increase in production and cashflow from operations in Trinidad and Tobago and Suriname. In a Notice of Extraordinary General Meeting and Circular,...

CGX taps Danish driller for Guyana wildcat

Canadian exploration partners, Frontera Energy Corporation and CGX Energy Inc, announced Thursday that an agreement was signed with Maersk Drilling Holdings Singapore Limited for the provision of a semi-submersible drilling unit, the Maersk Discoverer, and associated services to drill...

Maersk Drilling bags four-well contract for Brazil campaign

Maersk Drilling has been awarded a contract with Karoon Energy Ltd for the semi-submersible rig Mærsk Developer to perform well intervention on four wells at the Baúna field offshore Brazil. The contract is expected to commence in the first...

Bulk of current drillship demand in ‘golden triangle’ where Guyana offshore remains busy

The bulk of current drillship demand is in the so-called golden triangle area which comprises the Gulf of Mexico (US and Mexico), South America (Brazil, Guyana & Suriname), and Africa (west, south, and east coasts). These regions account for...

ExxonMobil drilling operations continue at Turbot-2, Bulletwood-1

ExxonMobil is continuing its drilling operations offshore Guyana at the Turbot-2 prospect in the Stabroek Block and at Bulletwood-1 in the adjacent Canje acreage. The recently arrived Noble Sam Croft is undertaking exploration drilling activities at Turbot-2 located approximately 103...

Time to act is now for Latin America oil producers, newcomer Guyana in position to soar

Countries around the world including those in the Latin America and Caribbean region are taking measures to ramp up oil and gas production knowing that the window is closing for development of these resources at prices that would make...

Total puts brakes on drilling operations at South Africa block

(Reuters) - French oil major Total has decided to postpone its application for additional drilling in a South African offshore gas block, a letter seen by Reuters from the consultancy conducting the environmental and social assessment showed. The delay is...

Latest News

Halliburton Latin America revenue up 22% to US$1.1 billion in Q1 2026

Halliburton reported stronger performance in Latin America in the first quarter of 2026, with revenue rising 22% year over...