Exploration

Exploration

Hammerhead is next stop for Stena Carron as oil search continues offshore Guyana

OilNOW -
Fresh off of its eight oil discovery offshore Guyana, ExxonMobil is set to continue its exploration campaign at Hammerhead-1 in the 6.6 million acres Stabroek Block. Senior Director, Public and Government Affairs, Kimberly Brasington, said the Stena Carron will soon...
Exploration

Hart Energy: oil, gas exploration activity picks up but concerns remain

OilNOW -
The success story unfolding offshore Guyana where ExxonMobil Corp. has made seven oil discoveries coupled with recent wins by Chevron Corp., Total SA and Royal Dutch Shell Plc in the Gulf of Mexico (GoM) plus others offshore Norway and...
Exploration

Big oil firms hold back on drilling

OilNOW -
(The Wall Street Journal) The world’s biggest oil companies are awash in cash, thanks to rising crude prices. But few, if any, are going on spending sprees, even as the prospect of a global oil shortage looms. Western energy giants...
Exploration

Schlumberger CEO warns of tightening oil market

OilNOW -
The head of the world’s largest oilfield service company warned of growing global supply challenges in the coming year as Venezuelan production falls and Nigerian and Libyan output reach capacity amid lingering fears of possible sanctions against Iran, Hart...
Exploration

Government releases CGX’s PSA covering Corentyne offshore concession

OilNOW -
The Government of Guyana on Monday released another Petroleum Agreement, this time for CGX Resources Inc.’s Corentyne offshore concession. Government had a few weeks ago released a similar agreement between itself and CGX Resources Inc. but for their Demerara...
Exploration

Pacora discovery emboldens explorers down dip

OilNOW -
ExxonMobil’s 7th oil discovery off the coast of Guyana at the Pacora reservoir has further emboldened joint venture partners down dip in the Orinduik block. Eco Guyana holds a 40% working interest alongside Tullow Oil (60%) in the 1,800 km2...
Exploration

ExxonMobil signs deal for deepwater oil exploration off Ghana

OilNOW -
(Reuters) - Exxon Mobil Corp signed a deal with Ghana on Thursday to explore for oil in the Deepwater Cape Three Point offshore (DWCTP) oilfield. The signing followed direct negotiations between Ghana and Exxon Mobil without an open competitive tender...
Exploration

Exploration to increase in 2018 but investment constraints remain

OilNOW -
(Rigzone) Exploration activity will increase in 2018, but market uncertainty and the need to manage debt levels will remain key constraints to investment. That is the view of oil and gas analysts at BMI Research, who highlighted that a recent...
Exploration

Oil firms to step up exploration off Norway this year after poor 2017

OilNOW -
(Reuters) - Efforts to find new oil off Norway are expected to double in 2018, preliminary company plans show, with activity rising in more mature areas after this year’s disappointing Arctic campaign. The pressure to deliver is growing as 2017’s...
Exploration

ExxonMobil acquires deepwater blocks offshore Mauritania

OilNOW -
ExxonMobil (NYSE: XOM) affiliate ExxonMobil Exploration and Production Mauritania Deepwater Ltd. has signed production-sharing contracts with the government of Mauritania for three deepwater offshore blocks. Blocks C22, C17 and C14 are located an average of 200 km (124 miles) offshore...
1...505152...55Page 51 of 55

Latest News

NewsOilNOW -

Shearwater mobilizes Amazon Warrior for 3D survey offshore Suriname

Norwegian marine geosciences company Shearwater is deploying its Amazon Warrior vessel for a 150-day, 6,042 sq km 3D seismic...

OilNOW is a Resource Center founded and owned by Guyanese. OilNOW is an apolitical, non-partisan, privately owned agency that strives to ensure the highest degree of accuracy and balance.

Quick Access

Company Info

Social Networks