Exploration

Apache Oil and Gas Corporation has failed to find commercial quantities of oil at its Kolibrie-1 well, offshore Suriname. The closely-watched drilling operations took place 129km off the coast of the South American country, in Block 53. The Noble Douglas drill...

Canadian-based oil and gas exploration company CGX Energy Inc. will soon recommence exploration work offshore Guyana and aims to drill as much as 6 wells over the next two years. CGX had come up empty-handed on previous attempts to...

SBM Offshore, the company awarded contracts for a Floating Production, Storage and Offloading vessel (FPSO) for the Liza development and production in Guyana, is excited to be undertaking this project that would help catapult the South American country into...

Hess Corporation will plug a total of US$475M into development and drilling activities on the Stabroek block, located 120 miles offshore the coast of Guyana this year. The now world-famous oil field is home to the Liza and other...

US oil major ExxonMobil will soon begin preliminary exploration work in the Kaieteur block, an area adjacent to the Stabroek block offshore Guyana, which the company recently acquired. Drilling will also commence at the Liza-4 well in the eastern...

Plans are moving forward by ExxonMobil for the installation of another Floating Production, Storage and Offloading (FPSO) vessel in Guyana. Upstream reports that this second vessel will be bigger than the first, and is earmarked for the Liza development,...

The following statement was made by Tord André Lien in December last year, when he was Norway’s Minister of Petroleum and Energy. The global use of oil is increasing. Soon oil demand will surpass the 100 million barrel per day....

Oil, an indispensable factor in numerous economies, account for about 2.5 percent of the world’s Gross Domestic Product (GDP). According to Forbes online, it accounts for one-third of the primary supply for the world’s population, and if natural gas...

First published on NEWSNOW April 11, 2013. Spanish oil and gas company, Repsol could be months away from resuming drill operations offshore Guyana following the finalization of a new agreement with authorities. An official at the country’s Ministry of Natural Resources and...

While laying the foundation to realize its fortunes and becoming a hemispheric leader in the oil and gas industry, Guyana has also been listening keenly to the advice coming from experts in the field. Billy Joe Pellegrin, the Corporate Quality...