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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

OilNOW -
(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

OilNOW -
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...
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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...
Exploration

CGX Energy says drilling Guyana wildcats to cost $US90 million

OilNOW -
CGX Energy Inc. said it is moving ahead with plans to spud the Kawa-1 and Makarapan-1 exploration wells on its Corentyne and Demerara blocks offshore Guyana. The Kawa-1 exploration well on the Corentyne block is currently expected to be drilled...
Exploration

Exploration success on decline globally while Guyana continues to add billions of barrels

OilNOW -
The success rate of global conventional oil and gas exploration has declined in recent years, but the most painful blow has been to onshore wildcat wells, a Rystad Energy analysis reveals. In 2020, the success rate of these drilled...
News

Total confirms plans underway to deliver first oil at Suriname Block 58 by 2025

OilNOW -
French oil major total has confirmed that plans are underway to begin developing oil fields at Suriname’s Block 58 as early as 2025, around five years after the first major discovery was made at Maka Central-1, mirroring the rapid...
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Guyana government sets firm January 2026 deadlines for local content approvals

The Ministry of Natural Resources has announced a new fixed timeline for reviewing and approving local content certification applications....

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