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Exxon’s success off Guyana coast fueled Latin America dominance in 2017

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Latin America dominated the world on the exploration front in 2017 in terms of both discovery numbers and size, mainly due to ExxonMobil’s continuing success offshore Guyana, according to investment research and advisory company, Edison, in its 2018 Exploration...
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Drilling underway at Suriname’s Anapai as efforts to mirror Guyana success continue

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Exploration drilling is underway at Anapai-1 in Suriname where Kosmos Energy holds a 50% Working Interest in Block 45, in partnership with Chevron. The prospect sits in 1,500m of water and is targeting gross unrisked resources of 700mmbbls in a...
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Hart Energy: Guyana-Suriname basin shows long-term promise – OTC 2018

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The first rule of puzzle assembly is to start with the edges and work in, flipping pieces this way and that, until the snap of snug fit indicates correct piece placement. When looking at a world map, it is...
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Noble reports net loss for Q1 2018; expects fleet utilization to ramp up

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Noble Corporation, the same company contracted by ExxonMobil to drill 17 wells for the Liza Phase 1 development in Guyana, on Wednesday reported a net loss for the three months ended March 31, 2018 of $142 million, or $0.58 per diluted share, on revenues...
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Guyana organized labour force told O&G will transform country into Caribbean Jewel

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Guyanese public servants on Monday heard that the nation’s emerging oil and gas sector holds the potential to turn the country into the ‘jewel of the Caribbean' but the country’s labour leaders believe the resource is no panacea and...
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Positive cash flow from Guyana may not come before 2022 – Hess

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Hess Corporation does not expect oil production in the South American country of Guyana where it has a 30% stake in the Stabroek Block, to turn a profit for the company before 2022 when the larger Liza Phase 2...
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Anadarko posts Q1 2018 profit

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Anadarko Petroleum Corp reported a quarterly profit on Tuesday as higher crude prices helped the oil and gas producer earn more per barrel. The company, which had its vessel seized by Venezuela while conducting a seismic study off the Guyana...
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Petrobras chips away at debt with asset sales

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(Hart Energy) Brazil’s Petrobras intends to raise US$21 billion with the sale of assets by the end of this year, according to its 2018-2022 business plan, as the company works to lower debt while carrying out activities, mainly in...
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Guyana oil spill response plan in line with international guidelines – CDC Director General

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Guyana’s National Oil Spill Contingency Plan has benefited from the input of several notable international organizations and following a series of reviews, the document will be open for public consultations in the South American country. Director General (ag) of the...
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BP says still sees oil at $50-$60/bbl in 2018 as shale output surge

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(Reuters) - BP expects benchmark oil prices to weaken in the second half of the year as U.S. shale production surges by up to 1.5 million barrels per day, Chief Financial Officer Brian Gilvary said on Tuesday. The London-based oil...
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SLB secures multi-region deepwater contracts from Shell

Shell has awarded major drilling contracts to SLB, a global energy technology company. These contracts aim to support energy...

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