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Suriname had largest farm-out discovery in 2020, emerging plays carrying premium – Westwood

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The deal flow in the farm-out market was at an all-time low in 2020 although the success rates from wells drilled were at a 5-year high. This is according to Westwood Global Energy Group who said in a new...
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Guyana will become magnet for investors when electricity becomes cheap – Bharrat

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Guyana’s Natural Resources Minister, Vickram Bharrat is adamant that the Wales gas-to-shore project will not only benefit those in the country through affordable electricity, but it will also attract wealthy international investors to the nation’s shores. The Natural Resources Minister...
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“I am satisfied with the tone and content of the meeting” Harmon says following discussions with ExxonMobil

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Guyana’s Opposition Leader, Joseph Harmon, expressed satisfaction after meeting with ExxonMobil's local subsidiary, Esso Exploration and Production Guyana Limited (EEPGL) on Thursday, to discuss gas flaring and the issue of faulty equipment aboard the Liza Destiny Floating, Production, Storage...
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Guyana total oil revenues set to surpass US$340 million

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When the proceeds received by Guyana for the first quarter of 2021 from oil produced and sold at the offshore Liza Phase 1 Development are added to the amount currently in the Natural Resources Fund, this is expected to...
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CNOOC’s first-quarter revenue surges 21%

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China’s national offshore oil and gas company CNOOC Ltd. said on Thursday its oil and gas sales revenue in the first quarter of this year surged by 21%. The Company achieved a total net production of 137.7 million barrels...
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Exxon ‘slowly ramps up production’ to between 100,000 – 110,000 bpd, assessment of discharge silencer underway

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ExxonMobil Guyana said on Wednesday it has removed the faulty discharge silencer from the Liza Destiny Floating Production Storage and Offloading (FPSO) vessel for further assessment of the damage to determine the necessary scope of repairs needed. The company said...
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Guyana driving subsea tree demand as number of oil fields targeted for development increase

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The base-case subsea tree demand for the 2021-24 period is now forecast at approximately 1050 units representing an upward revision of 60 units compared to a March outlook by consultancy group Westwood Energy. “The increase is due to ExxonMobil’s commitment...
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EPA says all projects subject to ‘comprehensive screening process’

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Guyana’s Environmental Protection Agency (EPA) says it routinely assesses all projects submitted for approval to determine their impacts on the environment and human health. This entails a comprehensive screening process which includes evaluation of the information submitted, site inspection...
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Royston wraps up overhaul work on Stena DrillMAX, Guyana operations continue

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Marine engineering and propulsion specialist Royston has completed engine overhaul work onboard one of the world’s most advanced drill ships as part of a logistical solution provided to the vessel’s owners and operators, Stena Drilling. Work on the 228m length...
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Shell to kick off Brazil drilling campaign in second half of 2021

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(S&P Global Platts) Shell plans to carry out a drilling campaign offshore Brazil in the second half of 2021, Shell Brasil President Andre Araujo said April 16. "Yes, we're going to have a drilling campaign in 2021, with the timing...
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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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