Drilling success in Guyana in 2018 earned Hess the number two spot in the industry for value created from wildcat drilling according to an annual exploration review by Rystad Energy. Only ExxonMobil, co-owner and operator of the Stabroek Block, offshore Guyana,...

ExxonMobil CEO Darren Woods says the US oil giant experienced an upside over the course of 2018 and is preparing to invest $4 billion of additional Capital Expenditure (CAPEX) from 2019 to 2025 in Guyana and other areas like...

CGX Energy Inc. is set to begin a shallow hazard survey at its Utakwaaka-1 well site offshore Guyana ahead of a drill campaign scheduled to get underway by or before November 2019. Guyana’s Maritime Administration Department said the operation, which...

Saipem has been awarded new contracts and extensions to existing agreements in onshore drilling worth approximately US$220M in total, the Italy-based company said on Wednesday. The new contracts involve projects to be carried out in Bolivia and Saudi Arabia, while...

Offshore Energy Today is reporting that a Bristow operated Bell 407 helicopter crashed in the Gulf of Mexico on Sunday March 10, 2019. According to the report, one person was killed and another missing from the crash. The helicopter reportedly...

Houston-based Apache Corporation is set to spud its first well offshore Suriname by mid-year in Block 58 which sits adjacent to sections of the prolific Stabroek Block where ExxonMobil has found more than 5.5 billion barrels of oil equivalent. Apache...

President of the American Chamber of Commerce Guyana Inc. (AmCham) Zulfikar Ally is calling for secure investments of oil revenues and economic diversification in Guyana in order to guard against the pitfalls experienced by some oil-producing nations. He was delivering...

In wake of the two recent discoveries announced in February 2019 by US oil major ExxonMobil, bringing the total finds offshore Guyana to 12, the company has since increased its gross recoverable resource estimate to greater than 5.5 billion...

ExxonMobil on Thursday said it has made a natural gas discovery offshore Cyprus in the Eastern Mediterranean at the Glaucus-1 well wrapping up what has been a good month with two major discoveries made earlier in February in the...

The Liza Unity Floating Production Storage and Offloading vessel, the first of its kind produced by SBM Offshore using its Fast4WardTM programme, is expected to closely follow the Liza Destiny which will begin producing oil for Guyana by 2020. The Unity...