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Hammerhead opened pathway to potential 10-billion-barrel province

OilNOW -
Hammerhead, the 9th of 13 discoveries made so far off the oil-rich coast of Guyana, opened a new play in the Stabroek block that potentially unlocks a pathway for the emergence of a multi-billion-barrel province. So says Westwood Global...
News

Risk and reward: less than 9 months to first oil

OilNOW -
With roughly less than nine months to go until first oil, there is great anticipation of the positive impact that oil revenues would potentially have on Guyana’s economic development. The 13 discoveries made by ExxonMobil thus far do not only...
News

Exxon to begin drilling development wells for Liza Phase 2 early next year

OilNOW -
ExxonMobil Guyana will begin drilling development wells for the 220,000 barrels per day Liza Phase 2 Development project early 2020 and is already looking to bring in a fourth drill ship by the end of this year, to facilitate...
Exploration

Tullow spuds Guyana wildcat; results expected in August

OilNOW -
UK-based Tullow Oil and its joint venture partners have spudded their first well at the Orinduik Block offshore Guyana located just miles away from the multi-billion-barrel Stabroek Block where US oil major ExxonMobil has to date made a record...
News

Major O&G summit on Guyana begins July 3 in London

OilNOW -
As one of the few major new conventional oil regions discovered this century, Guyana is set to be transformed over the course of the next decade, with the country predicted to emerge as a top per capita producer of...
Exploration

Guyana mega oil potential to be tested in 2019

OilNOW -
Multiple commercial oil discoveries at Guyana’s Stabroek Block have established the country as a key up and coming producer in the region. And now, as exploration activities ramp up at other blocks outside Stabroek, a discovery could push the...
News

Orinduik drill campaign will open new chapter in Guyana oil development

OilNOW -
Offshore exploration in the South American country of Guyana is moving into another phase as UK-based Tullow Oil embarks on a drill campaign at the Orinduik block, making it the first attempt to find oil by a company outside...
News

Stena Forth arrives in Guyana for Tullow drill campaign

OilNOW -
The dynamically positioned Stena Forth Class 3 drillship has sailed into Guyana waters and will soon embark on a drill campaign at the Orinduik Block where UK-based Tullow Oil and its co-venture partners are optimistic of striking crude. Tullow Oil...
News

Over 1,000 Guyanese worked on projects leading up to 1st floating oil production complex

OilNOW -
Over 1,000 Guyanese have been working on projects that culminated with the commissioning of the 1st floating oil production complex on Saturday in Singapore. The vessel will soon set sail for the South American country where oil production is...
Exploration

Guyana is one of the main beneficiaries of deepwater reinvention

OilNOW -
Deepwater and tight oil are two of the great growth themes in the oil and gas industry, but are often considered to be at opposite ends of the development spectrum. Deepwater represents large, expensive and complex long-cycle projects best suited...
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Venezuela Border Controversy: Guyana’s defence is not about size, it’s about strategy – Brigadier Khan

Guyana’s Chief of Defence Staff, Brigadier Omar Khan, said the Guyana Defence Force (GDF) is implementing a focused military...

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