Exploration

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...
Exploration

Guyana oil production ramp-up faster than anything ever achieved – Wood Mackenzie

OilNOW -
US oil major ExxonMobil is pulling out all stops on its Guyana development in what industry analyst Wood Mackenzie says is a ramp-up faster than anything ever achieved in the industry with potential to exceed 1 million barrels per...
Exploration

Guyana halts issuance of exploration licenses for one year

OilNOW -
As the Guyana Government’s Energy Department works to increase its capacity, update legislation and have a better understanding of the local and global petroleum sector, it has put a moratorium on the granting of new exploration licenses. This was disclosed...
Exploration

Venezuela running out of fuel, PdV suspends supply

OilNOW -
(Argus) Venezuelan state-owned PdV has nearly exhausted its motor fuel stocks, forcing up to 80pc of the country's more than 2,700 service stations nationwide to suspend sales until further notice, according to four senior officials with the federation of...
Exploration

Edison Chouest opens ‘G-Boats’ office in new South American oil & gas hotspot

OilNOW -
US marine transportation service provider Edison Chouest Offshore launched its G-Boats (Guyana) Inc. office in the South American country of Guyana on Friday. Edison Chouest entered Guyana in January 2016 with three vessels and has now increased its fleet to...
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SBM Offshore targets 25% female participation in training programs

SBM Offshore Guyana is working to boost female participation in its training programs, aiming for a 25% representation, its...

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