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Exploration

Guyana oil wells among deepest, most complex in region

OilNOW -
Updated August 15, 2021 Over 100 exploration wells are expected to be drilled in South America outside Brazil over the next 5 years and Norway-based Rystad Energy has said most of the action could be found off the northern shelf...
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Suriname President for Guyana state visit this month

OilNOW -
The Office of the President in Guyana announced on Saturday that President of Suriname Chandrikapersad Santokhi will pay a four-day official visit to Guyana, from August 17- 20, 2021. This is at the invitation of Guyana’s President, Dr. Mohamed...
Exploration

Guyana oil exports could average US$72 million per lift for remainder of year

OilNOW -
In its July Short-Term Energy Outlook (STEO), the U.S. Energy Information Administration (EIA) forecast the Brent crude oil price will average $72 per barrel (b) in the second half of 2021 (2H21) and $67/b in 2022, both $6/b higher than in...
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Brazil set to lead global offshore crude, condensate production – GlobalData

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Brazil alone is expected to contribute around 23% or 1.3 million barrels per day (mmbd) of global crude oil and condensate production in 2025 from key offshore planned and announced projects (new-build projects) that are expected to start operations...
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Shift towards low carbon oil pushes BP to exit The Gambia

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(S&P Global Platts) Energy group BP has exited from The Gambia, relinquishing its stake in Block A1 after it agreed to pay the government for suspending drilling at the license, the Ministry of Petroleum and Energy said Aug. 12. BP...
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American Petroleum Institute to help Guyana boost standards in growing oil and gas industry

OilNOW -
The world-renowned American Petroleum Institute (API) will be assisting Guyana in the adoption of good petroleum management standards for the development of the local oil and gas industry. Towards this end, API signed a memorandum of understanding with the Guyana...
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Guyana FPSOs ramping up traffic at Asian shipyard

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Guyana’s appetite for Floating Production Storage and Offloading (FPSO) units to produce its massive oil reserves is growing as more developments come on stream at the ExxonMobil-operated Stabroek block. This demand for FPSOs was most evident recently with two Guyana...
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Guyana, Brazil and Mexico best positioned to attract investors willing to take risk

OilNOW -
The deepwater plays in Guyana, Brazil and Mexico will provide significant opportunities for these countries to help meet the oil and gas demand in coming years as supply shortfalls due to energy transition trends take hold. "Demand for oil will...
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Delta denting demand outlook, pushing oil down

OilNOW -
(Reuters) - The Brent benchmark oil price fell for a second day on Friday, albeit holding above $70 a barrel, after the International Energy Agency warned that demand growth for crude is slowing sharply owing to the spread of...
Exploration

Maersk Discoverer en route to Guyana for 85-day drill campaign at Corentyne block

OilNOW -
The Maersk Discoverer, a sixth-generation semi-submersible drilling rig, is en route to Guyana from neighbouring Trinidad and Tobago and is expected to arrive at the Kawa-1 well site on the Corentyne block by August 15. CGX Energy Inc., operator of...
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Survey says Exxon is ‘Most Admired Explorer’ propelled by mega wins in Guyana

ExxonMobil has been named the most-admired upstream explorer in the world, according to Wood Mackenzie’s 2025 Exploration Survey, a...

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