Exploration

Exploration

Exxon hit early jackpot by drilling “biggest, best prospects first” – Mc Gehee

OilNOW -
ExxonMobil made the decision to begin drilling for oil in Guyana at the Liza field since this prospect was the biggest and best, based on data analysed by the company. By the time the oil major acquired rights to explore...
Exploration

Africa Oil enters partnership with Eco Atlantic for Guyana, Namibia acreages

OilNOW -
Africa Oil Corp. says it has entered into a strategic partnership with Eco (Atlantic) Oil and Gas Ltd. for exploration in Guyana and West Africa. Under the terms of an investment agreement, AOC has agreed to acquire a 19.77%...
Exploration

Exxon successfully spuds Ranger-1

OilNOW -
ExxonMobil began exploratory drilling operations at the Ranger-1 well site in the Stabroek Block, offshore Guyana on Friday. The Ranger-1 drill site is located approximately 160 nautical miles off the coast of Guyana and covers an area of one square...
Exploration

Tullow shares dip on Araku disappointment

OilNOW -
After being forced to plug and abandon the highly anticipated 1.6-mile deep Araku-1 exploration well in Suriname, Tullow Oil took a 5pc hit to its share price. It is the second major disappointment for the company, which was forced to...
Exploration

Exploratory wells in the Orinduik Block to cost around US$35M

OilNOW -
The cost for exploratory wells in the Orinduik Block is expected to amount to approximately US$35M with Eco Atlantic’s participating interest anticipated to be around US$5.25 Million per well. The company has since entered into an option agreement on the block...
Exploration

US to offer 77 million acres for oil & gas exploration in Gulf of Mexico

OilNOW -
(Energy Business Review) The US Interior Department (DOI) has announced plans to offer 76.9 million acres in federal waters of the Gulf of Mexico, offshore Texas, Louisiana, Mississippi, Alabama and Florida in lease sale for oil and gas exploration...
Exploration

Tullow Oil signs exploration contracts offshore Ivory Coast

OilNOW -
(Reuters) Tullow Oil has signed four production-sharing contracts in Ivory Coast with an initial investment of $21 million, an Ivorian government spokesman said on Wednesday. The contracts, which include a 10 percent share for state oil company Petroci, span exploration...
Exploration

Supermajor Chevron eyeing Guyana prospects

OilNOW -
US supermajor Chevron is looking to participate in offshore activities in Guyana, making it the third oil major that views the South American country as a favourable location. Total recently moved towards entering an agreement with Eco Atlantic on the...
Exploration

Exxon continues drilling foray offshore Guyana with new campaign at Ranger-1

OilNOW -
Following oil discoveries at the Liza, Payara and Snoek reservoirs from 2015 to present, ExxonMobil and its Joint Venture partners Hess and CNOOC Nexen will be looking to repeat these successes with exploratory drilling at the new Ranger-1 well site...
Exploration

Total, Chevron enter deepwater pact covering 16 blocks

OilNOW -
Total announced Friday that its subsidiary, TOTAL E&P USA, INC., has entered into an agreement to capture 7 prospects operated by CHEVRON U.S.A. INC. in the deepwater Gulf of Mexico. The agreement covers 16 blocks. The associated prospects are located...
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Guyana, India to explore cooperation in hydrocarbons sector

Guyana and India signed memoranda of understanding (MoU) for cooperation in multiple sectors, including hydrocarbons. The signings were executed...

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.

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