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Canje Block: writing the next chapter of Guyana’s exploration success

OilNOW -
The Canje Block lies 180km offshore Guyana in deep to ultra-deep water. Canje’s environment of deposition is unique among offshore Guyana blocks in that it contains both continental slope and basin floor terrain. The majority of the discoveries offshore...
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Noble selling 4 jack-up rigs in Saudi Arabia

OilNOW -
Noble Corporation announced Thursday that subsidiaries of the Company have reached a definitive agreement to sell four jackups to ADES International Holding Ltd., through its subsidiary, (ADES) for $292 million.  ADES Group is a leading oil & gas drilling...
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Exxon gearing up to spud third well at Canje block

OilNOW -
ExxonMobil is preparing to conduct exploration drilling activities later this month at the Sapote-1 prospect on the Canje block offshore Guyana. The well site is situated approximately 126 nautical miles (233.4 kilometres) from the coast and covers an area...
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Siem Dorado continuing fibre optic cable installation activities offshore Guyana

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Multi-purpose service vessel Siem Dorado is continuing its operations offshore Guyana on a 55-day firm contract with ExxonMobil for fibre optic cable installation, support and hook-up services. The U.S. oil major is implementing a secure, high-speed fibre-optic/wireless transport service to efficiently manage...
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Guyana extends deadline for companies looking to play role in establishment of natural gas facilities

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Guyana’s Ministry of Natural Resources on Wednesday published a notice of extension to the deadline for submissions of expressions of interest to partner on the imminent US$900 million gas-to-energy project. While the previous notice had set a deadline of August 29,...
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Hess, Chevron mandating vaccination for U.S. employees, other companies monitoring situation

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(FOX Business) The U.S. energy industry is weighing in on COVID-19 vaccine mandates for employees as infections are on the rise following the spread of the delta variant. Hess Corporation says its U.S. operations employees working in the Gulf of...
News

Gas-to-energy project is ‘absolutely a step in the right direction’ – Rystad Energy VP

OilNOW -
Guyana’s development has been curtailed for decades, in part due to the exorbitant cost of electricity which is among the highest in the region. Now, the new oil producing country is looking to utilize associated natural gas being produced...
News

Regulators, oil companies must look at cutting edge technology to lower emissions – Guyana VP

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Maximum fiscal discipline and transparency will be required to ensure Guyana’s vast oil and gas resources are managed judiciously, the country’s Vice President, Dr. Bharrat Jagdeo has said. Authorities in the South American country are firm in their plan...
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PEMEX production could take a hit following platform fire, says Fitch

OilNOW -
PEMEX's reported fires at its Ku-Maloob-Zaap (KMZ) production fields may slow the company's production growth rates, as this field is the company's largest production complex, according to Fitch Ratings. Fitch's current rating case assumes that the company's production levels will...
Exploration

Brazil planning to expand Open Acreage program – could unlock smaller oil deposits

OilNOW -
(S&P Global Platts) Brazil plans to expand the country's Open Acreage program to include exploration and production blocks inside the subsalt polygon that requires production sharing contracts in a move that could unlock development of smaller oil and natural...
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Guyana oil production could edge closer to one million barrels per day by year-end

ExxonMobil Guyana expects production from the Stabroek Block to climb sharply before the end of 2025, driven by the...

OilNOW is a Resource Center founded and owned by Guyanese. OilNOW is an apolitical, non-partisan, privately owned agency that strives to ensure the highest degree of accuracy and balance.

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