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CGX Energy expected to drill well by November

OilNOW -
Canadian-based oil and gas company CGX Energy is expected to drill an exploration well offshore Guyana by November of this year after deferring its 2019 target for spudding a well at the Corentyne Block. CGX is operator at the...
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Guyana enters 2020 as new oil producer with a total of 18 discoveries

OilNOW -
The South American country of Guyana has entered the new decade as an oil producer with a total of 18 discoveries made since 2015. There also remains massive potential for more discoveries from ongoing and planned exploration campaigns by...
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Finding oil near prolific Stabroek block is positive sign – analysts

OilNOW -
Three discoveries have been made outside the Stabroek Block offshore Guyana, the most recent being Carapa-1 where Repsol and its partners encountered just around 4 metres of net oil pay. While this, together with the heavy oil results from...
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Motley Fool asks: where will ExxonMobil be in 5 Years?

OilNOW -
ExxonMobil (NYSE:XOM) is the second-largest publicly traded oil and gas company behind the recent IPO of the Saudi Arabian Oil Company. After a rough last five years of revamping its portfolio in an effort to adjust to the new...
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Eco Atlantic sees ‘significant thick oil pay opportunities’ at Orinduik following Carapa results

OilNOW -
Eco (Atlantic) Oil & Gas Ltd. believes the recently announced Carapa-1 oil find by Tullow Oil in the Kanuku Block offshore Guyana, though lower than previously estimated, is still an important discovery as it confirms the prospectivity of the...
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First oil will be catalyst for development if sector is managed effectively – Boyer

OilNOW -
Following the first ever commercial oil discovery in Guyana in May 2015, ExxonMobil and its co-venture partners HESS and CNOOC announced the commencement of oil production from the Liza Phase 1 development in the Stabroek Block offshore Guyana on...
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Liza Unity hull will sail to Singapore this month to begin topsides installation

OilNOW -
The hull for the 220,000 bpd Liza Unity FPSO is scheduled to leave the SWS Shanghai shipyard this month for Singapore where the topsides will be mounted ahead of the final sail away to Guyana, Offshore Energy said in...
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Tullow’s shares tumble on news of ‘below expectations’ Guyana oil find

OilNOW -
The release of drilling results by Tullow Oil on Thursday from its Carapa-1 well offshore Guyana saw the company’s shares tumbling on what analysts are saying is unlikely to be a commercial discovery. The oil and gas group’s share price...
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Petronas wraps up acquisition of two deepwater fields in Brazil

OilNOW -
Malaysian oil and gas company Petronas announced on Saturday the completion of the transaction for the acquisition of 50 per cent equity in the Tartaruga Verde producing field (BM-C-36 Concession) and Module III of the Espadarte field (Espadarte Concession),...
News

Bourbon Guyana operations unaffected by change in stakeholder ownership – General Manager

OilNOW -
The sale of Bourbon Corporation's assets to Société Phocéenne de Participations by a decision of the Marseille Commercial Court will not impact the operations of Bourbon Guyana, which officially opened its doors in the new South American oil producing...
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Jennifer Geerlings-Simons makes history as Suriname’s first female President amid offshore oil plans 

PARAMARIBO-SURINAME: Suriname’s National Assembly convened on Sunday to elect the country’s next president in an important parliamentary session. In...

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