Oil production in Guyana is expected to rapidly increase in the coming years as more developments are sanctioned, and floating production storage and offloading units (FPSO) come online. Norway-based Rystad Energy expects this output to hit peak in the...
Five years after Guyana’s first oil discovery and just weeks after production started last December, Suriname experienced a game-changer with its first offshore discovery at Maka Central-1. This was closely followed by two other discoveries – Sapakara West-1 and...
Malaysian oil and gas company Petronas has spudded its first well - Sloanea-1 - offshore Suriname at Block 52 where it has farm-down 50% of its interest to US oil major ExxonMobil.
Denmark-based drilling rig operator Maersk Drilling is carrying out...
As Guyana forges ahead with the development of its offshore petroleum resources which exceed eight billion barrels of oil equivalent at the prolific Stabroek block, there are, and understandably so, a number of companies knocking on the government's door...
The possibility of Guyana having petroleum stemmed from observations of petroliferous occurrences recorded by Dutch explorers since the 1750s, but it was not until 1916 that the first significant effort to locate petroleum was undertaken.
"In the 1700s several inconsequential...
FAST FACTS
The Tanager-1 well has a target total depth of 8,000 metres making it the deepest well ever drilled by ExxonMobil offshore Guyana.
The previous deepest well was Ranger-1 at 6,450 meters.
It will take an estimated 90 days to drill.
The...
(S&P Global Platts) ExxonMobil has been awarded a
35-year concession for another block in Vaca Muerta, a massive shale play that
has been driving the company's growth in oil and natural gas production in
Argentina.
The government of Neuquen, a southwestern province where
most...
A study conducted on the Kaieteur Block offshore Guyana has
revealed that nine prospects, including the Tanager-1 well where exploration
drilling is underway, hold an estimated 2.1 billion barrels of oil
resources.
The Stena Carron drillship arrived at the Tanager-1 well
site a week...
(Bloomberg) --From Baghdad and Algiers to Caracas, many of the world’s oil capitals are experiencing a summer of discontent. It could be a glimpse of their future.
Iraq has seen fatal protests as its electricity grid buckles amid searing heat,...
CGX Energy Inc.through CGX Resources Inc. (CRI), operator of the Corentyne Block offshore Guyana, under a Joint Operating Agreement with Frontera Energy Guyana Corp., said Thursday a seismic acquisition conducted on the block has identified two potentially highly prospective...
