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India experts to help boost Guyana oil spill capabilities

OilNOW -
Guyana’s Vice President Dr. Bharrat Jagdeo said a team of experts from India will be in the South American country in the coming months to strengthen the oil spill capabilities of the Environmental Protection Agency (EPA).  He said this would...
Exploration

Exxon’s massive 35-well campaign set to ramp up Guyana reserves

Shikema Dey -
ExxonMobil has submitted an extensive Cumulative Impact Assessment (CIA) to cover its planned 35-well drill campaign in the 6.6 million acres Stabroek Block. The document outlines that Exxon’s proposed campaign aims to discover new and re-evaluate existing recoverable hydrocarbons from...
News

Guyana locks in US$82M in revenue for first oil lift this year

OilNOW -
Guyana’s Natural Resource Fund (NRF) received a payment of US$82 million in February, representing revenue for the first lift of profit oil sold in the new year. The payment is recorded as GY$17,148,857,000 (approximately US$82,248,714). It is the first of...
News

Time for Exxon to address Guyana’s findings in audit of its 2018-2020 costs

OilNOW -
Vice President, Dr. Bharrat Jagdeo has confirmed that the government’s auditors have completed their assessment of ExxonMobil Guyana’s US$7.3 billion investments in the Stabroek Block from 2018 to 2020. The official recently noted that the company has two months to...
News

Shell looking to re-enter South America’s hottest new basin

Shikema Dey -
After cutting its losses on Guyana’s offshore acreage 10 years ago, Shell could make a stunning return. Reuters’ sources say that Petrobras, Chevron, and Shell are considering bidding on the 14 oil blocks on auction in Guyana’s current licensing round. Guyana’s...
News

Gas strategy to address monetisation of discoveries beyond Liza field – Jagdeo

OilNOW -
Vice President Dr. Bharrat Jagdeo disclosed Friday that Guyana’s National Gas Strategy will examine the monetisation of resources that are outside of the Stabroek Block’s Liza field. The official said this document will be finished by year-end, adding that...
Exploration

Exxon continuing drilling operations at Fangtooth; likely to be 7th Guyana project

OilNOW -
ExxonMobil Guyana is continuing drilling operations at the Fangtooth well site, which yielded a discovery last year, the Maritime Administration Department (MARAD) revealed in a notice. Operations are being undertaken by the Stena Carron rig and are expected to take...
News

VEHSI owners in talks to expand artificial island for potential new clients

OilNOW -
Director of the Vreed-en-Hoop Shore Base Inc. (VEHSI), Nicholas Deygoo-Boyer said the company is in talks with potential new clients to expand the acreage of the new artificial island in the Demerara River. “ got clients who are interested in...
News

Guyana, India MoU to pave way for crude sale agreement, exploration

OilNOW -
Guyana and India are on the brink of inking a trailblazing Memorandum of Understanding (MoU) on the energy sector. The document which is currently being reviewed by India’s Cabinet could allow for the purchase of Stabroek Block crude, capacity...
Exploration

CGX encounters hydrocarbons in shallow zones of Wei-1 well, deeper horizons up next

Shikema Dey -
The first round of drilling at CGX Energy’s Wei-1 prospect in the Corentyne Block has yielded positive results. Drilling commenced at Wei-1 late January with the Noble Discoverer. In an update on March 2, CGX reported that the first prospective geologic...
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NewsOilNOW -

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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