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Norway energy research group projecting record-breaking year for Guyana deepwater

OilNOW -
Guyana has started the year with an exploration disappointment as a partner in the ExxonMobil-operated Canje block last week revealed that the first wildcat in the license failed to deliver. However, Rystad Energy expects exploration activity in the country...
News

Exxon’s Guyana, Permian Basin Assets worth more than its market capitalization

OilNOW -
By The Value Portfolio (Published on Seeking Alpha) Exxon Mobil (NYSE: XOM) is one of the largest publicly traded oil companies in the world. The company has recovered admirably from its COVID-19 lows towards a market capitalization of ~$260 billion. However, it's...
News

Guyana draws down highest price for its crude since production began

OilNOW -
Just over a year since oil production began at the Stabroek block offshore Guyana, the government secured its highest price yet for the export of Liza crude in February, coming in wake of a 12-month period that saw massive...
Exploration

Exploration success on decline globally while Guyana continues to add billions of barrels

OilNOW -
The success rate of global conventional oil and gas exploration has declined in recent years, but the most painful blow has been to onshore wildcat wells, a Rystad Energy analysis reveals. In 2020, the success rate of these drilled...
News

Liza Phase 1 Environmental Permit allows for flaring during process upsets, maintenance events

OilNOW -
The Environmental Permit issued to ExxonMobil Guyana on June 1, 2017 by the Environmental Protection Agency (EPA) for the Liza Phase 1 Development allows for flaring under certain conditions and outlines measures that should be compiled with when such...
News

Resource potential of Guyana-Suriname basin exceed 18 billion boe – ExxonMobil

OilNOW -
The resource potential of the Guyana-Suriname basin where ExxonMobil has to date made a total of 19 discoveries (18 in Guyana and 1 in Suriname) is estimated to contain more than 18 billion barrels of oil equivalent resources, the...
Exploration

Guyana, Suriname leading Caribbean drilling – what about T&T?

OilNOW -
Originally published in the Geological Society of Trinidad and Tobago (GSTT) HAMMER Magazine – February 2021 The CARICOM region is now one of the hot spots globally for oil and gas activity, with most of the drilling taking place in Guyana...
News

Guyana seeking internationally recognized law firm in push to boost legal, regulatory framework for oil & gas

OilNOW -
The Government of Guyana has applied for financing in the amount of US$20 million from the World Bank toward the cost of the Guyana Petroleum Resources Governance and Management Project (GPRGMP) and it intends to apply part of the...
Exploration

ExxonMobil to drill Koebi-1 in 30 days, Whiptail in May – Hess COO

OilNOW -
Even though the Canje block’s wildcat - Bulletwood-1 - did not result in a commercial discovery, ExxonMobil and its partners, Hess Corporation and CNOOC are still laser-focused on their exploration and appraisal work which will continue on the prolific...
News

Bulletwood delivers ‘non-commercial’ find but in quality reservoirs

OilNOW -
The drill campaign at the Bulletwood-1 prospect on the ExxonMobil-operated Canje Block has concluded and according to preliminary results, the well encountered quality reservoirs but non-commercial hydrocarbons. “Bulletwood-1, the first well in the Canje block has confirmed our seismic interpretation...
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Latest News

NewsShikema Dey -

With Dragon gone, could Guyana be a potential gas source for TT’s spare capacity? 

An April 28 article by the Energy Chamber of Trinidad and Tobago floated the idea of Guyana being a...

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