Saturday, July 2, 2022

Exploration

Tullow shares dip on Araku disappointment

After being forced to plug and abandon the highly anticipated 1.6-mile deep Araku-1 exploration well in Suriname, Tullow Oil took a 5pc hit to its share price. It is the second major disappointment for the company, which was forced to...

Exploratory wells in the Orinduik Block to cost around US$35M

The cost for exploratory wells in the Orinduik Block is expected to amount to approximately US$35M with Eco Atlantic’s participating interest anticipated to be around US$5.25 Million per well. The company has since entered into an option agreement on the block...

US to offer 77 million acres for oil & gas exploration in Gulf of Mexico

(Energy Business Review) The US Interior Department (DOI) has announced plans to offer 76.9 million acres in federal waters of the Gulf of Mexico, offshore Texas, Louisiana, Mississippi, Alabama and Florida in lease sale for oil and gas exploration...

Tullow Oil signs exploration contracts offshore Ivory Coast

(Reuters) Tullow Oil has signed four production-sharing contracts in Ivory Coast with an initial investment of $21 million, an Ivorian government spokesman said on Wednesday. The contracts, which include a 10 percent share for state oil company Petroci, span exploration...

Supermajor Chevron eyeing Guyana prospects

US supermajor Chevron is looking to participate in offshore activities in Guyana, making it the third oil major that views the South American country as a favourable location. Total recently moved towards entering an agreement with Eco Atlantic on the...

Exxon continues drilling foray offshore Guyana with new campaign at Ranger-1

Following oil discoveries at the Liza, Payara and Snoek reservoirs from 2015 to present, ExxonMobil and its Joint Venture partners Hess and CNOOC Nexen will be looking to repeat these successes with exploratory drilling at the new Ranger-1 well site...

Total, Chevron enter deepwater pact covering 16 blocks

Total announced Friday that its subsidiary, TOTAL E&P USA, INC., has entered into an agreement to capture 7 prospects operated by CHEVRON U.S.A. INC. in the deepwater Gulf of Mexico. The agreement covers 16 blocks. The associated prospects are located...

“We’re gonna keep looking for more oil” – Exxon Operations Manager

Encouraged by positive results from several drill campaigns offshore Guyana which saw the largest discovery being made for 2015, ExxonMobil has vowed to continue its search for more oil in the South American country. The Liza 1 discovery, estimated to...

Noble will begin Liza campaign in 2018 – ExxonMobil Guyana

ExxonMobil Guyana has confirmed that Noble Corporation has been contracted by the US super-major for an offshore campaign in the Stabroek Block, located 120 miles offshore the South American country. The 2013-built Noble Bob Douglas drillship will commence operations at...

ExxonMobil looking forward to results from new drilling campaign at Turbot field

The ExxonMobil team in Guyana is said to be in high spirits as a new oil exploration campaign is set to begin at the Turbot-1 well located 107 nautical miles offshore the South American country. The US super-major has...

Latest News

Nothing in the world more exciting to work on than Guyana’s projects – Exxon Upstream President

President of ExxonMobil Upstream Company, Liam Mallon, speaking at an event at State House in Georgetown on Thursday, said...