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Exploration

Shell plans new offshore drilling in Suriname’s Block 65

OilNOW -
BG International Limited (Shell) is seeking approval from Suriname’s National Environment Authority (NMA) to conduct an exploration drilling program in Block 65, formerly Block 54. This program involves drilling up to four wells, starting with the Araku Deep-1 well,...
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Exxon’s lonewolf discovery for 2024: Bluefin 

OilNOW -
In a year marked by steady development of existing projects, ExxonMobil Guyana made just one new discovery to its Stabroek Block pile - Bluefin-1.  The Bluefin well encountered approximately 197 feet (60 meters) of hydrocarbon-bearing sandstone and was drilled by...
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Second Guyana oil auction unlikely before November 2025 elections 

OilNOW -
Guyana Vice President Bharrat Jagdeo said Thursday he is doubtful Guyana’s next auction of offshore acreage will happen before the 2025 General Election.  Government says voters will head to the polls in November 2025.  The second auction is expected to benefit...
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SLB wins Petrobras contract for subsea injection systems

OilNOW -
Global energy technology company SLB has announced a contract award by Petrobras for two subsea raw seawater injection (RWI) systems. The systems, secured by SLB’s OneSubsea™ joint venture, will enhance recovery from the Búzios field, following a competitive tender...
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Jagdeo not worried about dispute with CGX, says Corentyne license lapsed

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Guyana Vice President Bharrat Jagdeo is adamant that CGX Energy’s license for the Corentyne Block has expired. The company and its joint venture partner, Frontera Energy, said Thursday that they believe their license still stands.  A 60-day clock is ticking...
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CGX Berbice Port begins operations 

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CGX Energy has announced that the Berbice Port, managed by its subsidiary Grand Canal Industrial Estates Inc., is now fully accredited and operational. The facility began operations on Sunday, December 8, 2024, when a 90m by 25m vessel carrying...
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CGX signals move to arbitration or sole expert to resolve “disputes” with Guyana

Kemol King -
CGX Energy said on December 12 that it sent the Guyana government a letter activating a 60-day period to “amicably resolve all disputes via negotiation” pertaining to the Corentyne Block. Such a period is provided for in the Corentyne Block...
News

Exxon targeting 1.7 million barrels per day in Guyana by 2030 

Shikema Dey -
ExxonMobil has announced plans to expand its operations in Guyana, projecting production capacity to reach 1.7 million barrels of oil per day by 2030. This is part of the company’s broader Corporate Plan to 2030, which aims to deliver...
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Exxon confirms Longtail could be 8th Stabroek Block development; 240,000 bpd targeted

Shikema Dey -
Once its Hammerhead development is off the ground, ExxonMobil Guyana President Alistair Routledge said the company intends to target Longtail next. Routledge confirmed this on a recent Energy Perspectives podcast.  “Even earlier this week, I think the Minister of Natural Resources,...
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Guyana third only to Qatar, Kuwait in per capita oil production last year 

OilNOW -
Guyana is currently the world’s third largest per capita oil producer, according to scientific publication Our World in Data (OWID). The country’s rapid ascent to this position comes just five years after ExxonMobil started crude oil production in December 2019....
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Shearwater mobilizes Amazon Warrior for 3D survey offshore Suriname

Norwegian marine geosciences company Shearwater is deploying its Amazon Warrior vessel for a 150-day, 6,042 sq km 3D seismic...

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