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Exxon conducting back-to-back exploration drilling across two Guyana blocks

OilNOW -
The drill ship Stena Carron is on a back-to-back exploration campaign offshore Guyana at the ExxonMobil-operated Stabroek and Canje blocks where it has already spudded one prospect and will be moving to drill the other later this week. “The Stena...
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Only 23% of US$20M petroleum World Bank loan disbursed since 2019

OilNOW -
Since the start of the Guyana Petroleum Resources Governance and Management Project in April 2019 which is backed by a US$20M World Bank loan, the oil-producing state has only utilized 23 percent or US$4.77M of that funding. This is according to the...
News

Tullow plans to ‘unlock value’ from Guyana oil block, Suriname well results expected soon

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Tullow Oil said on Wednesday it is working with its partners offshore Guyana to develop plans for unlocking value from the Kanuku licence. The company also announced that drill results from the Goliathberg-Voltzberg North well at Block 47 in...
News

Deeper probe of Keskesi East-1 encounters ‘substantial pressure’, Noble drillship released

OilNOW -
APA Corporation (Nasdaq: APA) and Total S.A. (NYSE: TOT) today updated the operational status of the Keskesi East-1 discovery well offshore Suriname. As announced on Jan. 14, 2021, Keskesi East-1 discovered oil, volatile oil and condensate in the Upper Cretaceous-aged...
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Brent, WTI forecasts revised 14% higher

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(S&P Global Platts) The US Energy Information Administration revised its crude price forecast higher in its monthly Short-Term Energy Outlook released March 9 amid tightened first quarter supply outlooks. The EIA now expects Brent crude prices to average $60.67/b in...
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Ramps Logistics launches new cargo service in Guyana

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Ramps Logistics is now offering its new “Less Than a Container Load” (LCL) direct service from Miami to Guyana. “We have realized the increased need for this service since the COVID-19 Pandemic has slowed global business operations,” the company said....
Exploration

2021 could be busiest year ever for exploration at Stabroek block

OilNOW -
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...
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Biggest draw out is in oil and gas, but opportunities abound in other sectors – U.S Ambassador

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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...
News

Stena Drilling will get US$411 million payment from Samsung over rig dispute

OilNOW -
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...
News

EPA, GGMC carrying out inspections on Liza Destiny FPSO, preparations underway for return of compressor – ExxonMobil

OilNOW -
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...
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Kumu’s new small-scale hydropower plant now operational

Guyana commissioned a new 1.5 megawatt (MW) hydropower station in the southeastern community of Kumu on Friday, part of...

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