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Tanker departs Stabroek Block with first 1 million barrels of Liza crude

OilNOW -
The first oil tanker to lift crude from the prolific Stabroek Block offshore Guyana departed the country’s waters on Monday with the first 1 million barrels of oil. The Ministry of the Presidency, Department of Energy (DE) said the oil...
Exploration

CGX, Frontera looking to identify ‘higher quality ranked list of prospects’ for Guyana drill campaign

OilNOW -
CGX Energy and joint venture partner Frontera Energy are looking to complete a 3D seismic program on the northern section of the Corentye block offshore Guyana during the first half of 2020 that will help to determine best prospects...
News

ExxonMobil support for Iwokrama science programme will hit almost 1 million USD this year

OilNOW -
The Iwokrama International Centre for Rainforest Conservation and Development (IIC) has been able to relaunch its Science Programme and forge ahead with its development following substantial support from ExxonMobil Guyana which has so far seen more than half of...
Exploration

Block 58 explorers look to Sapakara for continued success offshore Suriname

OilNOW -
Apache and Total, 50-50 partners in Suriname’s Block 58, said their next well – Sapakara West-1 - will test the same-aged upper Cretaceous intervals that brought them success at Maka Central-1, in a separate and distinct stratigraphic feature. Sapakara is...
News

ExxonMobil looking to ramp up public engagements in 2020

OilNOW -
With exploration and production activities taking place 120 miles and more offshore Guyana, ExxonMobil, operator at the 6.6 million acres Stabroek Block, says it has been undertaking a number of engagements geared towards providing more information about its operations...
News

Chevron’s Venezuela sanctions waiver extended to April: US Treasury

OilNOW -
(S&P Global)  The US Treasury Department has extended for three months a sanctions waiver to Chevron and four US oil services companies allowing them to continue work in Venezuela. Some within the Trump administration had pushed to allow the waiver...
News

Cocktail, firework display usher in Guyana’s entry as oil producing nation

OilNOW -
Celebrations got underway in Guyana on Friday evening as the country’s government and US oil major ExxonMobil along with Stabroek Block co-venturers Hess and CNOOC held a cocktail reception at the Marriott Hotel to mark the historic milestone of...
News

Guyana oil production could’ve started in 2024 – Liam Mallon

OilNOW -
Average industry performance would’ve seen Guyana becoming an oil producing nation until almost the middle of the decade if efforts to safely fast-track the Liza Phase 1 Development were not made by stakeholders. Speaking to a room filled with guests...
News

Global exploration poised for upswing as operators flock to licensing rounds

OilNOW -
The past year showed a significant increase in licensing activity with a large number of lease rounds announced and the number of awarded licensing rounds rising for the third year in a row. The Mediterranean region was the hotspot,...
News

Extreme cold in Western Canada disrupts oil production, refining

OilNOW -
(Reuters) - Canadian oil producers and refiners have cut processing rates this week as extreme cold weather grips Western Canada, traders familiar with the matter said on Friday. Cold weather has spread across western Canada this week. In Edmonton, the...
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Latest News

NewsKemol King -

Guyana’s October crude oil exports went to 14 countries

Guyana exported a record 28 crude oil cargoes in October, its highest monthly total to date, as offshore production...

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