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Exploration

WoodMac projects multi-billion-dollar revenues for Guyana as discoveries grow

OilNOW -
The announcement this week by U.S. oil major ExxonMobil that it has discovered more oil off the coast of Guyana further enhances the outlook analysts have had for the new oil producing country. Additional volumes being discovered at the...
News

TotalEnergies aiming to prioritize low carbon intensity in new oil & gas projects

OilNOW -
(S&P Global Platts) France's TotalEnergies will specifically assess the carbon intensity of hydrocarbon projects while deciding on investment plans, as part of its ambitious decarbonization strategy, the company's CEO and Chairman Patrick Pouyanne said July 29. Pouyanne, speaking on a...
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Guyana government moving to strengthen private proprietary interests related to land under Petroleum Act

OilNOW -
Guyana’s Minister of Natural Resources, Vickram Bharrat, will introduce and provide first reading of the 'Petroleum (Exploration and Production) (Amendment) Bill 2021' in the National Assembly on August 3. The Bill seeks to amend section 52 of the Petroleum (Exploration...
Exploration

More oil for Suriname: TotalEnergies and Apache announce new discovery

OilNOW -
TotalEnergies and Apache Corporation have encountered oil in the Sapakara South-1 well on Block 58 off the coast of Suriname. This announcement follows previous discoveries at Maka Central, Sapakara West, Kwaskwasi and Keskesi. Located 4 kilometers south-east of the Sapakara...
Exploration

Pinktail, Tripletail, Cataback and Fangtooth – exploration soars at hottest new basin

OilNOW -
All named after fishes, the exploration wells at the Stabroek Block continue to deliver massive hydrocarbon resources with a double oil strike announced on Wednesday at the Whiptail area and a major line-up of new prospects being targeted by...
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Guyana looking to expedite offshore drill campaigns as discoveries balloon

OilNOW -
The Guyana government is pushing for major expansion of exploration and development of its vast hydrocarbon resources offshore and said it will be doing so with the highest level of compliance and transparency. Natural Resources Minister, Vickram Bharrat said Wednesday...
News

Guyana’s prime oil assets address world’s dual challenge on energy supply, emissions reduction – Hess

OilNOW -
Even as world leaders make big commitments to transition to renewable energy so as to achieve net-zero emissions by 2050, oil will still be needed along the way to meet global needs. During his company’s 2021 Q2 Earnings call,...
News

Hess significantly reduces losses in Q2, Guyana activities advancing

OilNOW -
Hess Corporation which holds a 30 percent working interest in the Stabroek Block offshore Guyana, disclosed today that it sustained a net loss of US$73 million, or US$0.24 per common share, in the second quarter of 2021. This represents...
News

Exxon makes another major oil discovery offshore Guyana

OilNOW -
ExxonMobil announced on Wednesday that it made a discovery at Whiptail in the Stabroek Block offshore Guyana. The Whiptail-1 well encountered 246 feet (75 meters) of net pay in high-quality oil-bearing sandstone reservoirs. Drilling is also ongoing at the...
News

Exxon seeking support vessels for Guyana operations

OilNOW -
ExxonMobil Guyana plans to put in place an enabling agreement for the provision and operation of Multi-Purpose Support Vessels (MPSVs), Platform Support Vessels (PSVs), and Fast Support Vessels (FSVs) for offshore activity in the new oil producing South American...
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Ali names 25-member cabinet; Vickram Bharrat back at oil ministry

President Irfaan Ali of Guyana unveiled 25 ministerial Cabinet appointees on Saturday evening, as the government embarks on its...

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