Exploration

Exploration

Guyana among targets for oil major Total as company plans biggest exploration drive in years

OilNOW -
Total is launching its biggest exploration campaign for years in 2019 as part of a turnaround plan that is ditching the company’s focus on risky long-shots in favour of areas known to contain commercial levels of oil or gas. The...
Exploration

Glengorm ‘largest UK gas find since 2008’ – WoodMac

OilNOW -
Oil and gas industry analyst Wood Mackenzie is calling CNOOC’s latest gas discovery at Glengorm the largest UK gas find since 2008 and one that will sustain the industry’s profitability. "At 250 million barrels of oil equivalent (boe), CNOOC Ltd’s...
Exploration

CNOOC Limited makes discovery in UK North Sea

OilNOW -
CNOOC Limited on Monday announced a new discovery on the Glengorm prospect, located in offshore UK Central North Sea. “The Glengorm discovery is located in License P2215 with a water depth of approximately 86 meters. The exploration well Glengorm was...
Exploration

Tullow upbeat about Jethro, Carapa prospects offshore Guyana

OilNOW -
UK-based Tullow oil will be focusing heavily on its exploration programme offshore the South American country of Guyana in 2019 with multiple prospects on its radar for drill campaigns in the second and third quarters of the year. In its...
Exploration

CNOOC plans 173 new wells in 2019; targets almost 500 million boe

OilNOW -
CNOOC Limited on Wednesday announced that the company's net production target for 2019 is 480 million to 490 million barrels of oil equivalent (BOE), of which, production from China and overseas, accounts for approximately 63% and 37%, respectively. “The Company's...
Exploration

Ramform Tethys among vessels undertaking new ESSO surveys

OilNOW -
On January 12, 2019, ExxonMobil affiliate Esso Exploration and Production Guyana Limited commenced 3D and 4D seismic surveys within the southern portion of the Stabroek Block off the Guyana coast, just weeks after the Venezuelan navy intercepted two contracted...
Exploration

Shift in equity financing, farm-in timetable won’t affect CGX’s first well

OilNOW -
CGX Energy Inc. and Frontera Energy Corporation say that a pushing back of their equity financing and joint venture farm-in timeline to February 6. 2019 will not affect the drilling schedule for Utakwaaka-1 exploration well offshore Guyana in November. The...
Exploration

ExxonMobil begins drilling at Haimara; major development options seen at Turbot

OilNOW -
US oil major ExxonMobil said on Monday that it has begun drilling the Haimara-1 exploration well offshore the South American country of Guyana - the first of two planned wells in January. The Stena Carron drillship is drilling the well,...
Exploration

Shell starts production from world’s largest floating LNG platform

OilNOW -
(Energy Voice) Shell has started production from the world’s largest floating liquefied natural gas (FLNG) facility. The energy giant said wells have been opened at the Prelude FLNG platform, around 295miles north-north east off the coast of Broome, Western Australia. It...
Exploration

CNOOC inks cooperation agreements with 9 international oil companies

OilNOW -
CNOOC Limited on December 18, 2018 announced that its parent company, China National Offshore Oil Corporation (CNOOC), has signed Strategic Cooperation Agreements with 9 international oil companies including: Chevron, ConocoPhillips, Equinor, Husky, KUFPEC, Roc Oil, Shell, SK Innovation and TOTAL. As...
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Guyana may enter long-term oil supply deals if there is market oversupply – VP

Guyana's Vice President, Bharrat Jagdeo, said the government may enter a long-term oil supply deal if there is oversupply...

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