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News

Exxon’s 5th development to create over 1,500 jobs in Guyana

OilNOW -
The Uaru Development Project, for which ExxonMobil is currently seeking environmental authorisation from the Environmental Protection Agency (EPA) in Guyana, could create up to 1,540 jobs, preliminary estimates indicate. The workforce levels are disaggregated across the life cycle of the project. According to...
News

Guyana seen as better option than Venezuela, in Biden’s bid to lower US gas prices

OilNOW -
Miami Herald columnist, Andres Oppenheimer says that if President Joe Biden of the United States wants to lower gas prices there, he would be better off negotiating with Guyana, rather than Venezuela. “President Biden recently sent a team of senior...
News

Exxon says its procurement methods capture best market value for Guyana, audits are normal part of operations

OilNOW -
ExxonMobil Guyana says its budgets for operations in the South American country which include expenditure for approved projects and wells drilled are routinely reviewed by the natural resources ministry and that it employs robust systems to ensure Guyana gets...
News

Suriname leading offshore bid rounds since 2016, Guyana set to excite in 2022 – Norway group

OilNOW -
Guyana, Suriname and the Caribbean region is currently seeing a slowdown in licensing activity for a number of reasons, including the effects of the COVID-19 pandemic on frontier exploration which has prompted international oil companies to focus primarily on...
Exploration

CGX says Kawa-1 results so far consistent with expectations

OilNOW -
CGX Energy Inc. said on Friday that well results so far from Kawa-1 are consistent with pre-drill expectations, signaling potential positive results from its first campaign offshore Guyana in over 9 years. “The well results thus far are consistent with...
News

Exxon moving almost all supply work from T&T to Guyana by 2022 – Routledge

OilNOW -
As local capacity in Guyana continues to increase, ExxonMobil says more services are being moved from Trinidad and Tobago to the South American country, where it is the operator of the Stabroek, Kaieteur and Canje Blocks. In a recent interview...
Exploration

Maersk Drilling upbeat about Guyana campaign, rig now booked for second well

OilNOW -
CGX Resources Inc., operator and joint venture partner with Frontera Energy Guyana Corp has exercised an option to drill one additional exploration well offshore Guyana. The work is expected to commence in the first half of 2022 in direct...
Exploration

Repsol planning to drill another well offshore Guyana in 2022 – head of exploration

OilNOW -
Spanish oil company Repsol plans to drill another well offshore Guyana in 2022. Speaking at the Offshore Technology Conference this week, Tomas Zapata, Head of Exploration for the Americas, said the company is optimistic about hitting pay after the first...
Opinions

Report on QC Alumni Association Oil and Gas Symposium, by Dr. Terrence R. Blackman – Part 2

OilNOW -
By Terrence R. Blackman, Ph.D. – OilNOW In a recent news report, CGX Energy Inc announced that the drilling of the Kawa-1 well, the first well at the Corentyne Block offshore Guyana, is set to commence before August 15. This undertaking...
Opinions

Report on QC Alumni Association Oil and Gas Symposium, by Dr. Terrence R. Blackman

OilNOW -
By Terrence R. Blackman, Ph.D. – OilNOW Part 1 On June 09, 2021, ExxonMobil announced newly identified, high-quality hydrocarbon-bearing reservoirs below the original Longtail-1 at Longtail-3 offshore Guyana. The well, located approximately two miles (3.5 kilometers) south of the Longtail-1 well,...
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Latest News

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SLB acquires ChampionX as it strengthens production and recovery capabilities

SLB has completed its acquisition of ChampionX Corporation, expanding its portfolio in the production and reservoir recovery space.  In its...

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