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Exploration

INTO THE DEEP: At 8,000 meters Tanager-1 is the deepest well ever to be drilled by ExxonMobil offshore Guyana

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FAST FACTS The Tanager-1 well has a target total depth of 8,000 metres making it the deepest well ever drilled by ExxonMobil offshore Guyana. The previous deepest well was Ranger-1 at 6,450 meters. It will take an estimated 90 days to drill. The...
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From Guyana to Angola: Qatar Petroleum farms into Block 48 on ‘sweetened fiscal terms’

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After announcing a year ago that it had entered into an agreement with Total for a share of exploration and production rights in two blocks offshore the South American country of Guyana, Qatar Petroleum (QP) has marked its first...
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Guyana Civil Aviation Authority issues new directive for operators of helipads/helidecks

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The Guyana Civil Aviation Authority (GCAA) has issued a new directive mandating all operators of helidecks/heliports/helipads to be subject to approvals in accordance with the International Civil Aviation Organization (ICAO) Annex 14, Volume II and ICAO Document 9261 ‘Heliport...
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ExxonMobil exits exclusive Dow Jones Industrial Average club as focus shifts to tech firms

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(Bloomberg) --Exxon Mobil, Pfizer and Raytheon Technologies exited the Dow Jones Industrial Average as part of the stock benchmark’s biggest reshuffling in seven years, actions that will boost the influence of technology companies that have dominated the 2020 stock...
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Divergent economic outlooks for North and South Americas’ oil and gas producing countries, says GlobalData

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Operators in the Americas region have had to manage projects and mitigate the effects of COVID-19 through severe production cuts and reductions in investments. As opposed to other countries with established oil and gas sectors in the region, Brazil...
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US Gulf of Mexico operators shut in more oil, gas as twin storms race toward coast

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(S&P Global) US Gulf of Mexico upstream operators have shut more production, the US' Bureau of Safety and Environmental Enforcement said Aug. 24, as twin storms expected to make landfall virtually back to back raced toward the Gulf Coast. Domestic...
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Tender reopens to market light sweet Liza Crude

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The Guyana government has moved forward with reopening the tender for marketing the country’s share of the Liza Crude being produced 120 miles offshore at the ExxonMobil Liza Phase 1 Development. In a notice published in the local press, the...
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Oil and gas pushing major investment opportunities in South America’s newest hotspot

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Chief Executive Officer (CEO) of the Guyana Office for Investment, Owen Verwey, says Guyana is now a prime investment destination for oil and gas as well as a wide cross section of industries that make up the country’s diverse...
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Guyana, ExxonMobil discuss offsetting emissions from Payara

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In keeping with Guyana's goal to achieve its climate change targets, Vice President, Dr. Bharrat Jagdeo, said discussions have been held with ExxonMobil about offsetting emissions from Payara, its third offshore development, which is currently being reviewed by a...
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Venezuela’s Maduro thanks Iran for helping oil industry overcome U.S. sanctions

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(Reuters) - Venezuelan President Nicolas Maduro on Sunday thanked ally Iran for helping the South American country overcome U.S. sanctions on its oil industry and floated the idea of purchasing missiles from the country. Washington maintains strict sanctions against Iran’s...
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GranMorgu FPSO construction hits 27% as Suriname targets first oil by 2028

Construction of the floating production, storage and offloading (FPSO) platform for Suriname’s GranMorgu project has reached 27%, state oil...

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