Wednesday, December 7, 2022

Exploration

New start-up venture by Stena Drilling to focus on well construction, decommissioning

Stena Drilling has announced the launch of its new start-up ‘Stena Wells’ – a venture aimed at providing fully managed well construction and decommissioning. Stena Wells is a separate entity from Stena Drilling, but the two companies will collaborate to provide...

Barbados to open auction for 22 offshore blocks in November

Barbados is looking to test its exclusive economic zone for petroleum deposits, as it will open a licensing round for 22 offshore blocks later this year. The notice from the Ministry of Energy and Business said interested oil and gas...

Tullow expected to relinquish 20% of Orinduik acreage, enter new license phase

The Orinduik Block partners are expected to relinquish 20% of the acreage as the first renewal period of the license draws to a close, taking approximately 360 square kilometers (km2) off the 1,800 km2 block. Eco (Atlantic), a partner in...

‘Never had an incident; we plan to keep it that way’ – ExxonMobil Guyana in emergency response training

ExxonMobil Guyana wrapped up a two-day emergency response training exercise at the Marriott Hotel on Wednesday, to fortify the company’s strategies for incidents that could pose a threat to safety and the environment. The exercise is being conducted in cooperation...

APA makes first discovery at Suriname’s Block 53, comes up dry at 58

APA Corporation on Tuesday announced an oil discovery offshore Suriname at Baja-1 in Block 53 and provided an update on recent drilling operations at Dikkop-1 in Block 58. Block 53 Baja-1 was drilled to a depth of 5,290 meters (17,356 feet)...

Frontera extends repayment deadline for US$19M loan CGX took to cover Guyana projects

CGX Energy Inc. said the maturation date for a US$19 million convertible loan it took for Guyana projects has been moved. The loan outstanding to Frontera Energy Corp., was previously announced on April 16, 2021 and May 28, 2021. With original...

High-impact well activity to bounce back after one-year slump – Rystad Energy

Norway-based Rystad Energy expects a rebound of high-impact drilling after what was described as a “disappointing” 2021 with success rates plunging to record lows. Rystad Energy classifies high-impact wells through a combination of factors, including the size of the prospect,...

Keppel bags US$2.9 billion contract for ninth FPSO in Brazil’s Búzios field

Keppel Offshore and Marine – a subsidiary of Keppel Shipyard – has secured a US$2.9 billion contract for the engineering, procurement, and construction of a new platform vessel for Brazil’s Petrobras. It would be the ninth vessel for Petrobras’ Búzios offshore oil field. Scheduled for...

Maersk Discoverer confirmed for new Guyana well in fourth quarter

The Maersk Discoverer semisubmersible drilling rig is confirmed for exploration operations offshore Guyana in the fourth quarter of this year. According to Maersk’s latest Fleet Status Report, the rig is scheduled to be in Guyana, on contract with CGX Resources...

World Bank, Guyana ink US$44 million Human Capital Development pact

The World Bank and Guyana’s Government officially signed an agreement on Friday for a US$44 million Human Capital Development Project to improve access as well as learning conditions in secondary education. It is also intended to improve access to...

Latest News

New US$3 million dry-dock yard to support Guyana’s booming marine sector

A venture by Pritipaul Singh Jr. will see some US$3 million being invested into Dock Yard – a drydocking...