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News

Oil falls amid Russia, Ukraine uncertainties

OilNOW -
(Reuters) - Oil prices fell on Monday, reversing course from strong initial gains, as news of fresh diplomatic efforts to resolve the Ukraine crisis provided some relief from concerns about crude supply. Brent crude futures and U.S. West Texas Intermediate...
News

CGX Executive Co-Chair explains significance of Kawa-1 – one of the deepest wells drilled in the Guyana basin

OilNOW -
While much of the attention over the past few years has been on the significant Stabroek Block discoveries, the Kawa-1 find in the Corentyne Block was one of the major areas of interest for global players that attended the...
News

‘Unity Gold’ lighter and sweeter than other carbon-intensive blends in Latin America – Platts

OilNOW -
ExxonMobil’s latest offshore development to start-up in Guyana is producing a lighter and sweeter crude blend which analysts say is less carbon-intensive than other Latin American blends and even a little lighter than the original Liza. According to an ExxonMobil...
News

IHS Markit applauds speed of Guyana’s deepwater developments, environmental commitments

OilNOW -
London-based IHS Markit says what Guyana has achieved in just under seven years since the first major oil discovery at the Stabroek Block is ‘quite remarkable’ and commended the South American country for pushing the offshore exploration and production...
News

Oil headed for weekly fall

OilNOW -
(Reuters) - Oil prices extended losses on Friday, and were headed for a weekly fall, as the prospect of extra supply from Iran returning to the market eclipsed fears of a possible supply disruption arising from a Russian invasion...
News

CGX, Frontera to inject up to US$130M for more exploration at Corentyne block

OilNOW -
Following the positive results from the Kawa-1 well after more than 20 years of seismic data acquisition and drilling offshore Guyana, partners Frontera Energy and CGX Energy intend to expend some US$130 million on further exploration at the Corentyne...
Exploration

Keeping Guyana at the forefront of deepwater development, ExxonMobil gears up for fifth project

OilNOW -
To ExxonMobil Guyana President Allister Routledge, the country is at the “forefront of deepwater development” in the world and the U.S. oil major intends to help it keep that lead as it gears up for the fifth oil development...
News

Motherlode of crude remains at giant Stabroek block: analysts say resources will balloon

OilNOW -
Analysts across the oil and gas industry agree that even with the massive volumes of hydrocarbon found so far at the 6.6 million acres Stabroek Block, explorers have only scratched the surface and that mega resources are yet to...
Exploration

Guyana’s oil story not confined to deepwater, explorers looking inland – Bharrat

OilNOW -
The flurry of activity in Guyana’s prolific Stabroek Block and more recently, the Corentyne Block has sparked renewed interest in the onshore Takatu Basin, Minister of Natural Resources Vickram Bharrat disclosed on Wednesday. Explorers have had an interest in Guyana’s...
News

AMI reaffirms over 20-billion-barrel boe at Stabroek Block, Guyana’s growing gas potential

OilNOW -
In an exclusive interview with OilNOW on Wednesday on the sidelines of the International Energy Conference, Arthur Deakin, Co-Director of America’s Market Intelligence energy practice reaffirmed the latest estimate for the Stabroek Block to be well over 20 billion...
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Suriname’s National Debt Chief resigns amid enhanced financial scrutiny of NDP government 

PARAMARIBO, SURINAME - Malty Dwarkasing has resigned as Suriname’s Administrator-General of the National Debt Office. Dwarkasing submitted her resignation...

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