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ExxonMobil set to spud ‘Liza look alike’ in first campaign at Guyana’s Canje block

OilNOW -
The first exploration well at the Canje block offshore Guyana will be drilled by the end of the year, ExxonMobil has confirmed. The well - Bulletwood-1- has been described by analysts as a ‘Liza look alike’ with a target...
News

Dated Brent boosted by vaccine news a month ahead of Guyana’s final oil lift for 2020

OilNOW -
Rare positive news amid the coronavirus pandemic pushed crude oil flat prices, including the flat price Dated Brent benchmark, sharply higher on Monday, although physical differentials remained stuck in negative territory for some BFOET grades, S&P Global said in...
News

Oil rises on hopes for COVID-19 vaccine, declining U.S. crude stocks

OilNOW -
(Reuters) - Oil prices climbed on Wednesday as hopes of an effective COVID-19 vaccine continued to bolster sentiment and an industry report showed U.S. crude inventories fell more than expected. Brent crude rose $1.17, or 2.7%, to $44.78 a barrel at...
News

Oil prices may rise to $50/b in six months, stocks back to normal in Q3: Vitol

OilNOW -
(S&P Global Platts) Oil prices may climb to $50/b in six months and crude stocks fall to "normal" in the 2021 third quarter if the OPEC+ coalition delays plans to add crude to the market and the demand outlook...
Exploration

Liza Destiny, drillships rack up over 11 million hours without lost time injury offshore Guyana

OilNOW -
Safety continues to be a top priority in the exploration and production activities offshore Guyana where ExxonMobil is operator at the prolific 6.6 million acres Stabroek Block. The Liza Destiny FPSO, built and operated by SBM Offshore, arrived in...
News

ExxonMobil drilling 14th well for Liza Phase 1 development ahead of evaluation exercise

OilNOW -
ExxonMobil will be embarking on an assessment of the Liza Phase 1 Development reservoir results at the prolific Stabroek Block, where the Liza Destiny FPSO is currently producing oil offshore Guyana. The Noble Bob Douglas is currently drilling the...
News

Saipem building construction yard with ‘largest heavy lift crane’ in Guyana, local team executing work

OilNOW -
Saipem said on Monday it has received authorization to proceed with the final phase of the Payara development project in Guyana from ExxonMobil affiliate, Esso Exploration and Production Guyana Limited (EEPGL). This authorization allows for the finalization of the...
News

Apache says Kwaskwasi is its ‘best well’ offshore Suriname

OilNOW -
Apache Corporation remains highly enthusiastic about prospects offshore Suriname and the discoveries it has made to date at Block 58, labelling the last target where it hit pay – Kwaskwasi-1 – as the ‘best well’ encountered so far. Kwaskwasi-1, announced...
News

No drill date yet from CGX for Corentyne block

OilNOW -
Even though it has identified a high-grade lead in the northern region of the Corentyne block, CGX Resources Inc. has not yet indicated when it will commence a drilling programme. In its quarterly highlights for the period ended June 30,...
News

Brent crude climbs above $40 as Biden’s win buoys risk-taking

OilNOW -
(Reuters) - Oil prices rose more than 2% on Monday, with Brent futures topping $40 a barrel, after Joe Biden clinched the U.S. presidency and buoyed risk appetites, offsetting worries about the impact on demand from the worsening coronavirus...
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Staatsolie approves commercial field for Sloanea-1 gas discovery in Suriname’s Block 52

Staatsolie Maatschappij Suriname N.V. has approved the Commercial Field for the Sloanea-1 gas discovery in Block 52 offshore Suriname....

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