UK-based consultancy group Wood Mackenzie has dubbed 2022 a standout year for exploration – the strongest in more than a decade.
The global exploration sector, in its bid to improve portfolios by adding lower-carbon, lower-cost advantaged barrels, created at least...
The Offshore Technology Conference (OTC) presented ExxonMobil with the OTC Distinguished Achievement Award in recognition of its affiliate Esso Exploration and Production Guyana Limited’s Liza Developments in the offshore Stabroek Block.
OTC said Liza Phase 1 was “one of the...
The Organisation of Petroleum Exporting Countries (OPEC) expects Guyana to add about 90,000 barrels of crude per day (bpd) to its current output, according to the January monthly oil market report.
This would lift Guyana’s 2023 output 32 million barrels...
Energy Strategist and Advisor Anthony Paul has urged Trinidad and Tobago to get its proverbial ducks in order before approaching the Dragon gas deal with Venezuela’s state-own PDVSA.
“I think that we have a bigger role to play on the...
ExxonMobil has been quickly racking up discoveries in Guyana’s offshore Stabroek Block with nine alone in 2022. Yet, no revision has been made to the resource count.
At present, Exxon said it has discovered close to 11 billion oil equivalent...
Guyana grabbed a massive win for local content with the Prosperity vessel.
According to SBM Offshore, it is the first Guyana floating, production, storage, and offloading (FPSO) vessel to incorporate Guyanese fabricated steel.
And that stellar feat was made possible by...
Front end engineering and design (FEED) work has commenced on the Whiptail development project, ExxonMobil Guyana Project Manager, Anthony Jackson said Thursday.
The company had faced criticism several years ago when it was announced that a FEED contract was issued...
Stena Drilling announced that it signed a new Contract with Ithaca Energy (UK) Limited for Mobile Offshore Drilling Unit (MODU) Stena Spey.
The Stena Spey is a Friede & Goldman L907 (enhanced Pacesetter) twin pontoon, column-stabilised, semi-submersible offshore drilling unit.
The...
Drill rigs are expected to have a busy year in 2023.
So much so that Westwood Global Energy Group sees day rates shooting up to US$500,000.
Last year, Westwood said day rates for new drillship fixtures jumped to US$359,852 from US$232,555...
Corentyne Block majority stakeholder, Frontera Energy, said the total cost of the Wei-1 well (including 2022 pre-drill costs and costs related to drilling delays) are forecast to be approximately US$160-$170 million.
Frontera anticipates it will spend approximately US$120-$140 million on...
