Exploration

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

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...

Repsol to begin survey offshore Guyana this week

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...

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

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...

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

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...

Glengorm ‘largest UK gas find since 2008’ – WoodMac

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...

CNOOC Limited makes discovery in UK North Sea

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...

Tullow upbeat about Jethro, Carapa prospects offshore Guyana

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...

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

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...

Ramform Tethys among vessels undertaking new ESSO surveys

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...

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

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...

Latest News

T&T Energy Ministry to investigate rig collapse that left worker missing

Pete Phillip, a worker attached to Well Services Limited, is missing after an incident at Rig 110 within the...