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Guyana oil strikes help push global discoveries to 4-year high – Rystad Energy

OilNOW -
The world’s oil and gas explorers powered ahead and discovered 12.2 billion barrels of oil equivalent (boe) in 2019, the highest volume since 2015, according to estimates from Rystad Energy. Last year recorded 26 discoveries of more than 100...
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Stabroek Block and the Liza oil field

OilNOW -
Spread over 26,800km² in Guyana’s offshore waters, the Stabroek Block is estimated to contain more than six billion barrels of oil equivalent as of 2019. Drilling has been ongoing to explore and evaluate other potential areas of the block. Liza...
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Explorers hopeful Suriname discovery signals extension of Stabroek mega oil play

OilNOW -
Explorers have been looking closely at the multi-billion-barrel oil resource at Guyana’s Stabroek Block with hopes that this prolific petroleum system stretches across to Suriname where efforts to find hydrocarbons offshore have been futile…until now. The discovery at Maka Central-1...
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CGX Energy expected to drill well by November

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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

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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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MODEC’s Guyana contract drives 1,327% surge in orders for 2025

Japan-based floating production specialist MODEC Inc. has reported strong results for the first nine months of 2025, driven by...

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