It remains the block that keeps giving. Covering an area of 6.6 million acres, equivalent in size to 1,150 Gulf of Mexico blocks, the Stabroek block has so far delivered over 20 commercial discoveries pegged at more than 9...

While the Stabroek Block co-venturers are pleased with the recent appraisal results at Longtail-3, the 20th commercial discovery on the offshore concession, it is highly likely that two other prospects will be next in line for development says Chief...

Chevron Exploration Suriname Limited and a consortium consisting of TotalEnergies and Qatar Petroleum have submitted the most favourable bids for shallow offshore blocks in Suriname’s recently concluded bid round. State oil company Staatsolie Maatschappij Suriname N.V. said on Friday Chevron...

Although the first and deepest well ever to be drilled in the Guyana-Suriname Basin on the Kaieteur Block failed to deliver commercial crude, upstream players on the acreage said the prospect yielded significant data. Tanager-1 reached a total depth of 7,633...

The success rate at the Stabroek Block offshore Guyana remains unprecedented with significant hydrocarbon resources being found over the last year at previously announced discoveries. Even with disappointment at some of the wells, the overall oil strikes remain on...

Exploration drilling in the Canje Block offshore Guyana continues at the Jabillo-1 prospect located approximately 261 kilometers offshore. The Stena Carron had initiated drilling operations at Jabillo-1 on March 14 as part of a three-well campaign planned this year on...

All eyes are on Suriname’s Block 58 where four of the country’s five offshore discoveries have been made to date and the scale of the resource volume and production potential is said to be “bigger than big” according to...

Westmount Energy Ltd., a company that holds shares in two of the firms with stakes in the Kaieteur Block offshore Guyana, announced on Monday that Hess Corporation has increased its stake in the block from 15% to 20%. "We believe...

Exploration drilling in the Canje Block offshore Guyana will be key to determining if the upper-cretaceous play can be extended in a basin where over 9 billion barrels of oil equivalent have been found in the adjacent Stabroek Block...

Suriname’s Shallow Offshore Bid Round closed on April 30 with international oil companies showing interest in just 3 of the 8 oil blocks that were on offer. According to state oil company Staatsolie Maatschappij Suriname N.V., a total of 10...