Exploration

Exploration

Guyana moving towards open bidding for oil blocks, multi-client seismic survey

OilNOW -
Guyana could soon have its first open bid round for oil blocks by Q1 2020 the Director of the Department of Energy (DoE), Dr. Mark Bynoe, told reporters on Monday. An overhaul of the 1986 Petroleum Exploration and Production Act,...
Exploration

2019 high impact exploration starts with a bang: Guyana leads with 2

OilNOW -
In the first few weeks of 2019 there have been four high impact discoveries of conventional oil and gas, finding 25% of the high impact volume discovered globally in the whole of 2018, says Westwood Global Energy Group. One of...
Exploration

Venezuela oil production could fall below 700,000 bpd by 2020

OilNOW -
As Guyana prepares for first oil in 2020 from the Liza Phase 1 Development, and multiple additional projects on the horizon, with an estimated ramp up to 750,000 bpd by 2025, its western neighbor Venezuela, could see production drop...
Exploration

ExxonMobil gunning for more oil at Yellowtail as Guyana foray continues

OilNOW -
Twelve discoveries and more than 5 billion barrels of oil later, US oil major ExxonMobil’s story in Guyana is still being written and analysts believe that more oil lay in the chapters ahead. Fresh off of its 11th and 12th...
Exploration

WoodMac expects ‘billion-barrel scale volumes’ from Guyana, Mexico and Brazil

OilNOW -
After a difficult few years, the exploration sector is back in the black – and keen to stay there. New analysis from Wood Mackenzie shows that explorers’ success in 2018 reflects a disciplined approach that’s set to continue this...
Exploration

Repsol to begin survey offshore Guyana this week

OilNOW -
Spanish oil company Repsol will begin undertaking a geotechnical survey in the Kanuku Block offshore Guyana on Saturday. The survey activities are scheduled to continue until February 24. The MV Regulus will conduct the operation some 66 nautical miles from...
Exploration

Guyana investment pushes ExxonMobil at top of the pack for 2018 O&G explorers – Rystad Energy

OilNOW -
Driven by its significant investment in Guyana, ExxonMobil is leader of the pack among the top oil and gas explorers of 2018, according to Rystad Energy’s annual exploration review. “ExxonMobil was exceptional, both in terms of discovered volumes and value...
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...
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Letter-to-the-Editor: The oil and gas sector is investing in the success of our younger generation

Dear Editor, I read recently that 20 Guyanese cadets were awarded the Noble Marine scholarship, a program aimed at strengthening...

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