Exploration

Exploration

From Africa to South America, leaders say environmental lobby hindering development

OilNOW -
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...
Exploration

Exxon keeps returning to Fangtooth discovery area

OilNOW -
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...
Exploration

Exxon to conduct suite of studies to optimise Stabroek Block projects

OilNOW -
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...
Discoveries

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

OilNOW -
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...
Discoveries

Exxon strikes oil at Lancetfish-1 well

OilNOW -
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...
Exploration

Smaller player looking to bid on big blocks in Guyana basin

OilNOW -
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...
Exploration

Exxon conducting more drilling operations at prolific Fangtooth reservoir

OilNOW -
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...
Exploration

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

OilNOW -
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

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

OilNOW -
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...
Exploration

Eco (Atlantic) & partners seek approval to drill up to five wells offshore South Africa

OilNOW -
Eco (Atlantic) Oil & Gas Ltd. said that it, along with its partners, on South Africa’s Block 3B/4B are applying for environmental authorisation to undertake exploration activities. The block lies in water depths averaging approximately 1,000 metres, in the...
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Guyanese companies to fabricate over 300 tonnes of steel for Jaguar FPSO

Three skilled Guyanese companies have cinched contracts to conduct specialized fabrication services with a view to deliver more than...

OilNOW is a Resource Center founded and owned by Guyanese. OilNOW is an apolitical, non-partisan, privately owned agency that strives to ensure the highest degree of accuracy and balance.

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