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Exploration

Regulator says CGX resuming drilling at Wei-1 

OilNOW -
Guyana’s Maritime Administration Department (MARAD) issued a notice to mariners, which pegged March 6 as the resumption date for drilling operations at Wei-1 by CGX Energy.  After successfully drilling the first prospective geologic horizons in the Upper Maastrichtian, CGX put...
News

Publicising Exxon’s cost recovery statements not in keeping with norm – Guyana VP

OilNOW -
Though respectful of the public’s right to know how much oil companies are spending and recovering to cover their investments, there are some categories of information that just cannot be disclosed due to their proprietary nature, says Vice President...
Discoveries

Qatar, Shell hit pay for third time at Namibia’s hottest offshore prospect

OilNOW -
QatarEnergy announced a light oil discovery in the Jonker-1X deep-water exploration well drilled in the PEL-39 Exploration License, offshore Namibia. This is the third discovery made at the prospect. It said the Jonker-1X well was drilled to a total depth of...
News

India experts to help boost Guyana oil spill capabilities

OilNOW -
Guyana’s Vice President Dr. Bharrat Jagdeo said a team of experts from India will be in the South American country in the coming months to strengthen the oil spill capabilities of the Environmental Protection Agency (EPA).  He said this would...
Exploration

Exxon’s massive 35-well campaign set to ramp up Guyana reserves

Shikema Dey -
ExxonMobil has submitted an extensive Cumulative Impact Assessment (CIA) to cover its planned 35-well drill campaign in the 6.6 million acres Stabroek Block. The document outlines that Exxon’s proposed campaign aims to discover new and re-evaluate existing recoverable hydrocarbons from...
News

Guyana locks in US$82M in revenue for first oil lift this year

OilNOW -
Guyana’s Natural Resource Fund (NRF) received a payment of US$82 million in February, representing revenue for the first lift of profit oil sold in the new year. The payment is recorded as GY$17,148,857,000 (approximately US$82,248,714). It is the first of...
News

Time for Exxon to address Guyana’s findings in audit of its 2018-2020 costs

OilNOW -
Vice President, Dr. Bharrat Jagdeo has confirmed that the government’s auditors have completed their assessment of ExxonMobil Guyana’s US$7.3 billion investments in the Stabroek Block from 2018 to 2020. The official recently noted that the company has two months to...
News

Brazil halts dumping of Petrobras assets to pursue new energy policy

OilNOW -
Brazil’s Ministry of Mines and Energy froze the state-controlled Petrobras’ sale of assets as the new Lula administration looks to implement a new energy policy. Petrobras reported the suspension from the Ministry last 90 days, while a reassessment of the...
News

Shell looking to re-enter South America’s hottest new basin

Shikema Dey -
After cutting its losses on Guyana’s offshore acreage 10 years ago, Shell could make a stunning return. Reuters’ sources say that Petrobras, Chevron, and Shell are considering bidding on the 14 oil blocks on auction in Guyana’s current licensing round. Guyana’s...
News

Gas strategy to address monetisation of discoveries beyond Liza field – Jagdeo

OilNOW -
Vice President Dr. Bharrat Jagdeo disclosed Friday that Guyana’s National Gas Strategy will examine the monetisation of resources that are outside of the Stabroek Block’s Liza field. The official said this document will be finished by year-end, adding that...
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Guyana’s Uaru and Whiptail projects on track for 2026 to 2027 start-up – Routledge

Alistair Routledge,  President of ExxonMobil Guyana says the company’s fifth and sixth developments — Uaru and Whiptail — are...

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