The Environmental Protection Agency (EPA) will soon implement a real-time technology system that will allow it to monitor flaring levels and the amount of produced water being dumped into the ocean by oil companies operating offshore Guyana says Executive...
Updated September 2, 2021
A study by Westwood Global Energy Group shows that 11 billion barrels of oil and 36 billion barrels of oil equivalent (boe) gas in 119 discoveries - >100 million boe in size - made between 2008...
The main driver of Guyana’s GDP in the medium term continues to be oil exports, which the International Monetary Fund (IMF) estimates will represent 38.2 percent of GDP in the 2020 –2021 period. This is according to the Inter-American...
Over 1,000 Guyanese worked on projects that culminated with the commissioning of the country’s first floating production storage and offloading (FPSO) vessel on Saturday, June 22, 2019, in Singapore. The vessel then set sail soon after for the South...
INEOS E&P A/S, which is a part of INEOS Energy said on Monday it has completed the previously announced agreement to acquire the subsidiary HESS Denmark ApS. for a total consideration of $150 million, effective January 1, 2021.
Hess will...
The Stena DrillMAX has begun drilling the Sapote-1 prospect at the Canje Block, JHI Associates Inc. said on Sunday.
The Sapote-1 well is designed to test Upper Cretaceous reservoirs in a stratigraphic trap. The well is approximately 255 km northeast...
Updated August 29, 2021
CGX Resources Inc. (CRI), operator of the Corentyne block offshore Guyana, believes the chance of finding hydrocarbons at the Kawa-1 prospect has increased since the company last drilled wells in the South American country back in...
Tanager-1, one of the deepest wells ever to be drilled offshore Guyana, is estimated to contain around 65.3 million barrels (MMBBL) of oil as part of a ‘best estimate’ provided in a report compiled by consultants Netherland, Sewell &...
Updated August 28, 2021
The Berbice River in Guyana, during the early period of the planet’s formation helped “drain” the northern part of South America to form a 1,000 metre deep canyon believed to be the basis of the stratigraphic traps...
Updated August 27, 2021
Before 2015, offshore Guyana was considered a “high-risk frontier basin” with 45 wells drilled over a span of 50 years resulting in no commercial discovery.
Bordered by oil producing giants such as Venezuela and Brazil, the evidence...
