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Exxon targeting over a dozen wells, ramping up drill capacity offshore Guyana this year – Routledge

OilNOW -
A flurry of activity is expected offshore Guyana this year as U.S. oil major ExxonMobil ramps up its search for even more hydrocarbons, targeting deeper and risker prospects. The company has also confirmed that it will be boosting its drill...
News

Exxon has made 18 commercial discoveries out of 22 exploration wells drilled in Guyana

OilNOW -
The success rate for finding commercial quantities of hydrocarbons offshore Guyana remains one of the highest in the oil and gas industry. Supported by state-of-the-art technology and highly trained geoscientists, U.S oil major ExxonMobil has had a remarkably good...
News

Exxon says claims relating to valuation of Permian Basin assets ‘demonstrably false’

OilNOW -
U.S oil major ExxonMobil said on Friday that there is no basis for claims made by an alleged whistleblower, and reported by The Wall Street Journal, regarding the valuation of its assets in the Permian Basin. The Journal reported on...
News

ExxonMobil comes up dry at Hassa-1 offshore Guyana

OilNOW -
Drilling at the Hassa-1 prospect in the Stabroek block offshore Guyana has failed to encounter hydrocarbon resources, ExxonMobil said on Friday in response to a question from OilNOW. “The Hassa-1 exploration well in the Stabroek block did not encounter hydrocarbons...
News

Piping gas to shore brings major benefits, find the right investment balance urges analyst

OilNOW -
The Guyana government is forging ahead with its plan to land a gas pipeline onshore to produce cheaper, cleaner energy and create new economic opportunities for the country of just over 750,000 people. While some have criticized this move,...
News

Giant oil finds in Guyana and Suriname point to major frontier – Brazil Petroleum Studies

OilNOW -
The recent giant discoveries made in the deep and ultra-deep waters of Guyana, Suriname and French Guyana have proven the existence of multiple active petroleum systems in the area, Brazil Petroleum Studies (BPS) said in a report published this...
News

High impact drilling for Guyana this year, Wood Mackenzie says

OilNOW -
With limited budgets and rich inventories after a few years of active acreage loading, explorers will drill only the prospects that really matter this year. In its new report on global exploration, UK-based consultancy group Wood Mackenzie said companies...
News

Global Witness withdraws report on Guyana, cites overestimation of potential economic benefits from oil production

OilNOW -
International NGO, Global Witness, has withdrawn its highly controversial report - Signed Away – that focused on the fiscal terms of the Stabroek Block Production Sharing Agreement Guyana has with ExxonMobil. Below is the full statement from Global Witness. Statement on...
Exploration

Bulletwood, Bonboni key wells to watch as exploration takes off in the Americas this year – Westwood

OilNOW -
Guyana and Suriname remain two major hotspots for exploration activity in 2021 with a number of key wells to watch as the Americas take the lead in the hunt for hydrocarbon resources this year. Westwood Global Energy Group said in...
News

U.S condemns Venezuela aggression towards Guyana, pledges support for ICJ proceedings

OilNOW -
The United States over the weekend made it clear that it remains in full support of Guyana’s bid to have the International Court of Justice (ICJ) preside over the matter involving Venezuela’s refusal to accept an 1899 arbitral award...
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“Delay, Baby, Delay”: Oil industry to pull back as prices tumble – Wood Mackenzie

The global oil industry is preparing to delay spending and development in response to falling crude prices and market...

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