Tuesday, September 27, 2022

Exploration

Guyana embarking on countrywide ‘Needs Assessment Survey’ to build oil & gas capacity

Guyana's Department of Public Service is preparing to embark on a countrywide needs assessment survey, with special focus on the country's emerging oil and gas sector. Minister with responsibility for the South American nation's Public Service, Tabitha Sarabo-Halley, says this...

India looking to pursue O&G agreement with Guyana

With commercial oil and gas exploration commencing in the first quarter of 2020 in Guyana, India has interest in entering into a commercial agreement with the South American country. This is according to the newly accredited Indian High Commissioner to...

Oil contracts signed after Exxon PSA will be reviewed – Guyana Opposition Leader

Should the opposition People’s Progressive Party Civic (PPP/C) win the upcoming elections in Guyana, efforts will be made to review contracts signed after the ExxonMobil Production Sharing Agreement (PSA) in order to extract more revenue for the South American...

Fastest production ramp-up ever undertaken on track for first oil

Plans are moving along rapidly in South America’s newest oil and gas hotspot for the start of oil production, now just months away. The arrival of the Liza Destiny FPSO in Guyana was announced on August 29, paving the...

T&T exploration in decline as Guyana fast-becoming regional centre of attraction

As petroleum exploration activities offshore Guyana intensify with more than six billion barrels of oil already discovered by ExxonMobil and other explorers gunning for more, neighbouring Trinidad and Tobago (T&T) is beginning to feel the effects, losing human and...

S-Cube algorithm helped Tullow strike oil at Guyana well

(Offshore Energy) Tullow Oil has discovered oil at its Jethro-1 well in Guyana using the XWI algorithm developed by technology company S-Cube. The XWI algorithm allows entirely data-driven earth model building with more automation and accuracy. The cloud solution helps...

IEA sees oil supply glut in 2020

Efforts to re-balance the oil market could be in vain after the International Energy Agency (IEA) cut its oil demand growth forecasts for both 2019 and 2020 and pointed to strong non-OPEC supply driven by the US, Norway and...

Jethro oil deposit is like a 15-story high building stretching 20 km wide – Holzman

Fifteen stories high and over 20 km wide, full of oil. That is the description given by Gil Holzman, Chief Executive Officer and Co-founder of Eco (Atlantic) Oil and Gas - junior partner in the 1800 km2 Orinduik Block...

Orinduik oil strike sparks renewed call for legislation to be urgently enacted

Following the announcement on Monday by Tullow Oil that it had made its first discovery offshore Guyana, private sector stakeholders have renewed their calls for the requisite legal and regulatory framework to be urgently put in place if the...

Yellowtail, Tilapia are biggest ‘high-impact’ oil discoveries so far for 2019

ExxonMobil’s discoveries at the Yellowtail and Tilapia wells in the Stabroek Block offshore Guyana were the largest made in the first half 2019. Westwood Global Energy Group, in a report published on August 12, said high-impact exploration drilling activity increased substantially...

Latest News

Exxon’s biggest discoveries in Guyana to date

ExxonMobil had been on the hunt for black gold in Guyana’s offshore Stabroek Block since 2008 before it hit...