Repsol, operator of the Kanuku Block offshore Guyana, is preparing to undertake drilling operations at the Beebei-1 prospect. OilNOW understands the well will be spudded around May 25.
Repsol has a 37.5 stake in the Kanuku Block. The other partners...
In its latest Upstream Report released this month, Rystad Energy said when comparing capex guidance for 2022 with actual spending in 2021, US oil major ExxonMobil is among those companies set to face the largest year-on-year growth. Hess Corporation,...
ExxonMobil affiliate, Esso Exploration and Production Guyana Limited (EEPGL), will be seeking a dismissal of a case brought to Guyana’s High Court which seeks to strike out tax waivers granted to it, its co-venturers and sub-contractors under the Stabroek...
CGX Resources Inc. (CRI) in partnership with its Canadian joint venture partner, Frontera Energy Corporation, said the Wei-1 prospect in the Corentyne Block will be drilled in the May to August period with costs to execute said project starting...
The Liza Unity floating production storage and offloading (FPSO) vessel, which is poised to reach nameplate capacity of around 220,000 barrels of oil per day this year, is set to almost triple Guyana’s oil revenue and is already strengthening...
The date for elective nomination, by ExxonMobil, of the prospect target for the second well on the Kaieteur Block has been extended to October 2, 2023, according to Ratio Petroleum Energy Limited a 25% stakeholder in the block.
With reference...
ExxonMobil Guyana will be moving to submit Environmental Management Plans for its proposed Exploration and Appraisal (E&A) Drilling Program that will see the company targeting 12 wells each across the Canje and Kaieteur Blocks.
The company had submitted an application...
A lawsuit filed in January with Guyana’s Supreme Court seeks to strike down clauses in ExxonMobil’s Stabroek block Production Sharing Agreement (PSA) which grant the company, its co-venturers and their sub-contractors a series of effective tax waivers for development...
Plans for Suriname’s first offshore oil development are advancing at what is turning out to be the country’s most prolific deepwater acreage at Block 58 where another discovery was announced just this week.
APA said in its Q4 2021 Financial...
Guyana’s Vice President, Dr. Bharrat Jagdeo told attendees at the opening of the inaugural International Energy Conference on Tuesday that authorities are considering using the remaining oil blocks to form a National Oil Company (NOC).
“At some point in time,...
