Exploration

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...

Exxon keeps returning to Fangtooth discovery area

The dual-activity dynamically positioned (DP3) drillship, Stena Carron, is undertaking operations in the deep waters off the Guyana coast in the ExxonMobil-operated Stabroek Block where a 7th development is being targeted. Guyana’s Maritime Administration Department (MARAD) said in a May...

Exxon to conduct suite of studies to optimise Stabroek Block projects

ExxonMobil Guyana has agreed to conduct a suite of studies to ensure the operational efficiencies and integrity of its Stabroek Block projects are preserved for decades to come.According to the Petroleum Production Licence for the Uaru Development Project, Exxon’s...

Drilling to resume at CGX’s Wei-1 Guyana well, after medium-sweet oil find

CGX Energy said on Wednesday drilling operations at the Wei-1 well offshore Guyana has encountered multiple oil-bearing intervals in the western channel fan complex of the northern portion of the Corentyne Block. The intervals, CGX said, are in formations of...

Exxon strikes oil at Lancetfish-1 well

Hess Corporation on Wednesday announced a new oil discovery at the Lancetfish-1 well on the Stabroek Block, offshore Guyana. The Lancetfish-1 well encountered approximately 92 feet of oil-bearing sandstone reservoir. The well was drilled in 5,843 feet of water by...

Smaller player looking to bid on big blocks in Guyana basin

Mid-Atlantic Oil & Gas Inc., which has a 12.5% stake in the Canje deepwater block, has signaled its interest in Guyana’s ongoing licensing round. Its co-founder and director, Edris Kamal Dookie, is quoted in the April 21 edition of Latin...

Exxon conducting more drilling operations at prolific Fangtooth reservoir

ExxonMobil is moving forward with more drilling operations at the Fangtooth SE-1 well site in the Stabroek Block offshore Guyana.   OilNOW understands the Stena Carron rig will be engaged in the drilling activities situated approximately 100.8 nautical miles (186.6...

Total getting Block 58 “volumes right” before FID, likely in 2024 – Staatsolie asset manager

Exploration and non-operated venture asset manager at Suriname’s state-owned Staatsolie, Patrick Brunings is confident of a final investment decision for Block 58 next year.  Brunings told Hart Energy that operator TotalEnergies and APA Corporation are quantifying the finds it has...

Exploration remains high-risk; Hess, CNOOC hit jackpot with Guyana farm-in – Westwood

Energy market research and intelligence company Westwood Energy says exploration for hydrocarbons remains a high-risk business with only one in every three high impact exploration wells drilled between 2017 and the end 2022 resulting in a potential commercial discovery. “The...

Latest News

First pipe for Uaru development delivered to VEHSI base – Exxon official 

Exxon’s fifth Guyana development - Uaru - continues to progress with the first pipe being delivered to the Vreed-en-Hoop...