Eco (Atlantic) Oil & Gas says it remains optimistic about the development potential of the Jethro-1 heavy oil discovery made in 2019 at the Orinduik Block offshore Guyana. The company plans to provide further information on plans and timing...
APA Corporation on Tuesday announced an oil discovery offshore Suriname at Baja-1 in Block 53 and provided an update on recent drilling operations at Dikkop-1 in Block 58.
Block 53
Baja-1 was drilled to a depth of 5,290 meters (17,356 feet)...
Guyana’s planned offshore oil block auction may come later than expected as its government works assiduously to get the fiscal terms right to ensure balanced benefit to the parties involved.
The Vice President, Dr. Bharrat Jagdeo told the press on...
ExxonMobil is now required to conduct a second Environmental Impact Assessment (EIA) study, this time for the proposed 24-well campaign in the Canje and Kaieteur Blocks.
The first required EIA relates to Exxon’s massive proposed 35-well campaign in the Stabroek Block.
The Environmental Protection Agency...
Eco-Atlantic has set its sights on raking in big wins from Guyana’s offshore Canje Block, as the operator ExxonMobil gears up for a 12-well exploration campaign.
The company has no direct stake in the Canje Block but holds 7.3% of...
By the end of 2022, ExxonMobil and its Stabroek Block partners are expected to make the final investment decision (FID) on Guyana’s transformational gas-to-energy project. President of ExxonMobil Guyana, Alistair Routledge, related this to Senior Contributor to Forbes, David...
Investors have already lined up to grab Suriname’s deepwater blocks when the auction opens later this year. But Staatsolie’s Offshore Vice President, Glenn Corrie is urging that attention also be paid to the shallow water auction set for 2023.
That...
Eco (Atlantic) Oil and Gas Ltd. Announced on Tuesday that it decided against acquiring JHI Associates, a company with 17.5% ownership of Guyana’s Canje Block.
Eco said that while all the main commercial points were agreed upon in keeping with...
Hess Corporation’s Chief Executive Officer (CEO), John Hess has lauded the Guyana government for being pro-business, and accelerating investments so that oil revenues can be used to lift the nation’s standard of living.
But equally important for Hess and its...
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...
Staatsolie Maatschappij Suriname N.V. and Suriname’s Tax Department have launched a three-year capacity-building program to strengthen tax and customs...
