News

2021 is shaping up to be a significant period for exploration and appraisal operations in the Guyana-Suriname basin with targets at the prolific Stabroek block potentially making it the busiest year ever for drilling activities at that ExxonMobil-operated acreage. More...

With Guyana’s oil industry rapidly expanding and production set to surpass 750,000 barrels per day by 2026, the focus on avoiding the dreaded ‘resource curse’ continues to engage public attention. This has seen diversification of the economy being put...

A London arbitration tribunal has determined certain issues in dispute between Stena Atlantic Limited and Samsung Heavy Industries Co, Ltd. (SHI) over the construction of a harsh environment semi-submersible drilling unit, formerly known as “Stena MidMAX”. The Contract for the...

Preparations are underway on the Liza Destiny Floating Production Storage and Offloading (FPSO) vessel for the return of the flash gas compressor and silencers from MAN Energy solutions in Germany. ExxonMobil Guyana said in an operations update on Monday that...

CGX Energy Inc. said it is moving ahead with plans to spud the Kawa-1 and Makarapan-1 exploration wells on its Corentyne and Demerara blocks offshore Guyana. The Kawa-1 exploration well on the Corentyne block is currently expected to be drilled...

The success rate of global conventional oil and gas exploration has declined in recent years, but the most painful blow has been to onshore wildcat wells, a Rystad Energy analysis reveals. In 2020, the success rate of these drilled...

French oil major total has confirmed that plans are underway to begin developing oil fields at Suriname’s Block 58 as early as 2025, around five years after the first major discovery was made at Maka Central-1, mirroring the rapid...

Maersk Drilling has been awarded a one-well contract by Petrogas E&P Netherlands B.V. which will employ the harsh-environment jack-up rig Maersk Resolute to perform well maintenance and drill a side-track of the A9 well at the P9 Horizon field...

(Reuters) - Brent crude futures jumped above $70 a barrel on Monday for the first time since the COVID-19 pandemic began, while U.S. crude touched its highest in more than two years, following reports of attacks on Saudi Arabian oil facilities. Brent...

The Environmental Permit issued to ExxonMobil Guyana on June 1, 2017 by the Environmental Protection Agency (EPA) for the Liza Phase 1 Development allows for flaring under certain conditions and outlines measures that should be compiled with when such...