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Exploration

Exxon’s drilling operations to peak in 2025 with seven major projects across Stabroek, Kaieteur, Canje blocks

OilNOW -
Once ExxonMobil Guyana receives approval from the Environmental Protection Agency (EPA) for its 35 multi-well programme in the Stabroek Block, drilling operations for the country could reach its peak in 2025. According to the Cumulative Impact Assessment (CIA) for the...
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Could Block 58 become the next Stabroek?

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Controlled by TotalEnergies and APA Corporation, Block 58 has churned out major discoveries – five thus far. Though few, compared to Guyana’s Stabroek Block, the discoveries have piqued investor interest leaving a lingering question – could Block 58 become...
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Kawa answers lingering questions about commerciality of blocks outside Stabroek – Rystad Energy

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The announcement by CGX on January 31 that it had encountered oil at Kawa-1, after more than 20 years of seismic data acquisition and drilling on the Corentyne Block, is being viewed as highly significant by Norway-based energy research...
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Stabroek, Canje and Kaieteur blocks could deliver 15 billion boe, says head of Bourbon Guyana

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The massive Stabroek Block offshore Guyana along with the adjacent Canje and Kaieteur Blocks could deliver around 15 billion barrels of oil equivalent as more exploration campaigns get underway in the coming months. “Production of crude oil over the whole...
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Brazil approves 92 offshore blocks for 17th bid round, several potentially prolific like Guyana’s Stabroek

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(S&P Global Platts) Brazil's National Energy Policy Council, or CNPE, approved 92 offshore exploration and production concession blocks for sale at the country's pandemic-delayed 17th bid round set to be held in October, the National Petroleum Agency, or ANP,...
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Stabroek discoveries derisking Orinduik block – Eco Atlantic CEO

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Rapid discoveries being made by US oil major ExxonMobil in the prolific Stabroek Block offshore Guyana are playing a key role in derisking the Orinduik Block, according to the CEO of Eco Atlantic Oil & Gas, Gil Holzman. Eco Atlantic...
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Exxon not backing out of Block S8 talks – Jagdeo 

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ExxonMobil, Hess and CNOOC are not backing out of talks with the Guyana government for a shallow water block they were awarded after the country’s first offshore auction. Guyana's Vice President, Bharrat Jagdeo, said during a Thursday press conference that...
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Saipem, TechnipFMC hired for subsea work on Block 58 development

OilNOW -
Saipem and TechnipFMC said they were hired to undertake subsea work in support of the first oil development offshore Suriname. The Gran Morgu project is being pursued by TotalEnergies, in partnership with APA Corporation. The project will combine TechnipFMC’s subsea...
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Errea Wittu FPSO hull block completed 40 days ahead of schedule – MODEC 

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The hull block for Guyana’s Errea Wittu floating production storage and offloading vessel (FPSO) has been completed.  “We are proud to share that the FPSO Errea Wittu has achieved another significant milestone. We successfully completed the hull block assembly 40...
Energy Insights

CCJ ruling confirms process by which Stabroek co-venturers apply for and are granted project approvals is lawful

OilNOW -
By Chevy Devonish In a previous article we examined how the Caribbean Court of Justice (“CCJ”) in Attorney General of Guyana v Environmental Protection Agency CCJ 16 (AJ) GY, to my mind, settled the important question of: Whether Guyana’s...
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Q1 withdrawal from Guyana’s oil fund up 60% from last year’s

The Guyana government ramped up withdrawals from the country’s oil fund in the first quarter of 2025, taking out...

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