Tuesday, November 29, 2022

Exploration

Costa Rica could take 2nd referendum in country’s history to pursue oil production

Costa Ricans could get the chance to vote on the future of their country’s oil and gas exploration policy after a court on September 20 authorized pro-exploration activists to gather signatures for what would be only the second referendum...

Guyana offshore gets busy with new discoveries and more wells planned

US oil major ExxonMobil is targeting two new wells on its Stabroek Block following the company’s 14th discovery announced last week at Tripletail. Tullow Oil, which announced the Jethro-Lobe discovery on the Orinduik block in August quickly followed it...

Joe discovery proves shallow low-cost plays exist in Guyana

The discovery of 52 feet (16 meters) of continuous high quality oil-bearing thick sandstone at the Joe-1 exploration well offshore Guyana is being viewed as a significant development by the explorers on the block, particularly since it opens a...

Exxon strikes oil at Tripletail offshore Guyana

ExxonMobil said on Monday it made an oil discovery on the Stabroek Block offshore Guyana at the Tripletail-1 well in the Turbot area. The discovery adds to the previously announced estimated recoverable resource of more than 6 billion oil-equivalent...

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...

Latest News

Canada could be next country to waive visa requirements for new oil producer Guyana

Partnerships between Guyanese businesses and their Canadian counterparts are on the increase. So, discussions have commenced for these trade relations to deepen...