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Guyana offshore is like a ‘city lit up at night’ – Liam Mallon

OilNOW -
In just four years the deepwater off the coast of Guyana has seen a significant uptick in traffic with the ramp up of exploration in the prolific Stabroek Block and the preparation and start of the Liza Phase 1...
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

Suriname discovery contains 300 million barrels of oil, over 1 trillion cubic feet of gas – WoodMac

OilNOW -
UK-based global energy consultancy group Wood Mackenzie says based on its estimate the discovery announced last week off the coast of Suriname could contain hundreds of millions of barrels of oil and over a trillion cubic feet of gas,...
News

China opens up oil and gas exploration, production for foreign, domestic firms

OilNOW -
(Reuters) - For the first time, China will this year allow foreign companies to explore for and produce oil and gas in the country, opening up the industry to firms other than state-run energy giants, as Beijing looks to...
News

ExxonMobil moving to plug and abandon Gippsland Basin wells offshore Australia

OilNOW -
US oil major ExxonMobil is moving to plug and abandon five Whiting wells, located in the Gippsland basin offshore Australia in an exercise set to begin in March. The Noble Tom Prosser jack-up rig will permanently plug and abandon the...
News

Potential for ‘prolific oil wells’ seen in historic discovery offshore Suriname

OilNOW -
Apache’s historic oil discovery offshore Suriname has opened a new chapter in the potential of the Guyana-Suriname basin which the US Geological Survey (USGS) has long said could contain more than 13.6 billion barrels of oil and 32 trillion...
News

Apache’s stock rockets toward biggest gain in nearly 50 years after company strikes oil offshore Suriname

OilNOW -
Shares of Apache Corp. on Tuesday surged toward their biggest one-day gain in nearly 50 years, after the oil-and-gas company announced a “significant oil discovery” off the shores of Suriname, MarketWatch said in a report. That prompted Bank of America...
News

Apache makes significant oil discovery offshore Suriname

OilNOW -
Apache Corporation (NYSE, Nasdaq: APA) and Total S.A. (NYSE: TOT) today announced a significant oil discovery at the Maka Central-1 well drilled offshore Suriname on Block 58. The well was drilled using the drillship Noble Sam Croft with Apache as operator holding a 50%...
News

Noble hits first gas at largest field in Eastern Mediterranean

OilNOW -
Noble Energy Inc.  on Tuesday announced the commencement of natural gas production from the Leviathan field, the largest natural gas field in the Eastern Mediterranean. David L. Stover, Noble Energy’s Chairman and Chief Executive Officer, stated, “This is a historic...
News

Bayphase Ltd. awarded contract to review plans for ExxonMobil’s 3rd development offshore Guyana

OilNOW -
Guyana’s Department of Energy (DE) said on Tuesday it has successfully completed the evaluation of eleven Expressions of Interest from international firms for support services in review and evaluation of ExxonMobil’s Payara Field Development Plans. The Expressions of Interest received...
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GranMorgu FPSO construction hits 27% as Suriname targets first oil by 2028

Construction of the floating production, storage and offloading (FPSO) platform for Suriname’s GranMorgu project has reached 27%, state oil...

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