Discoveries

Petrobras has struck oil in a well located in Brazil’s Potiguar Basin, during a campaign it embarked on in earnest to repeat exploration successes off the coasts of Guyana and Suriname. Announcing the find in an April 9 release,...

ExxonMobil Guyana said it made a discovery at the Bluefin well in the Stabroek Block offshore Guyana, its first this year. The Bluefin well encountered approximately 197 feet (60 meters) of hydrocarbon-bearing sandstone and was drilled by the Stena Drillmax...

Twenty-twenty two was hailed as the most successful year for exploration in Guyana's history, marked by a total of nine discoveries in the Stabroek Block and a significant find in the Corentyne Block. This year, the pace has slowed,...

A massive infrastructure transformation and construction boom in South America’s lone English-speaking country are the most visible signs of the nation’s newfound wealth which is being delivered by huge oil fields under development offshore. And the latest World Economic...

Equinor has announced a commercially viable gas discovery by the Gina Krog field in the North Sea, with plans to commence production as early as the fourth quarter of 2023. The discovery, although considered small, is significant due to...

Petronas Suriname has announced a major oil discovery at the Roystonea-1 exploration well in block 52.  The successful drilling, carried out in an offshore location about 185 kilometers from the coast and at a water depth of 904 meters, has...

The Lancetfish reservoir in Guyana’s Stabroek block has delivered more oil, Hess Corporation announced on Wednesday in its earnings statement.  Hess said the Lancetfish-2 appraisal well encountered approximately 125 feet of net oil pay in appraisal reservoirs and approximately 65...

UK-based energy company Trinity Exploration & Production has made a groundbreaking discovery of what it refers to as "virgin oil" in an exceptionally mature basin onshore Trinidad and Tobago.  Trinity Exploration & Production announced on August 7 that it had...

TotalEnergies announced the Ntokon oil and gas discovery on OML102 offshore Nigeria, on Tuesday, June 13. Located in shallow waters, 60 kilometres (km) off the southeast coast of Nigeria, the Ntokon-1AX discovery well encountered 38 metres of net oil pay...

No word on commerciality Drilling costs revised upward again After completing the drilling of the Wei-1 well offshore Guyana, CGX Energy Inc. on Tuesday announced a discovery of 71 feet of net oil pay. The CGX exploration campaigns in recent years...