Even with its vast oil reserves of over 300 billion barrels, Venezuela’s output is now on course to be surpassed by new producer Guyana where oil fields are moving to development at a robust pace as the government looks...

The Stena Carron initiated drilling operations at the Jabillo-1 well site at the Canje Block on March 14 as part of a three-well campaign planned this year on the acreage that is adjacent to the prolific Stabroek block where...

The drill ship Stena Carron is on a back-to-back exploration campaign offshore Guyana at the ExxonMobil-operated Stabroek and Canje blocks where it has already spudded one prospect and will be moving to drill the other later this week. “The Stena...

Tullow Oil said on Wednesday it is working with its partners offshore Guyana to develop plans for unlocking value from the Kanuku licence. The company also announced that drill results from the Goliathberg-Voltzberg North well at Block 47 in...

ExxonMobil, Hess and CNOOC Limited, co-venturers in offshore oil development in the Stabroek Block, on Tuesday announced the formation of the Greater Guyana Initiative, a 10-year commitment of more than GY$20 billion (US$100 million) to significantly expand capacity building...

(S&P Global Platts) Brazil's National Energy Policy Council, or CNPE, dealt a sharp blow to the country's offshore exploration and production program by removing 32 high potential but environmentally sensitive offshore blocks from the upcoming 17th bid round during...

Westmount Energy Limited, a junior oil and gas company with investor interest in the highly prospective Canje and Kaieteur blocks offshore Guyana, began cross-trading on the OTCQB market in New York on Tuesday under the ticker symbol WMELF. OTCQB is...

Eco (Atlantic) Oil and Gas Ltd announced Tuesday via its unaudited results for the six months ended September 30, 2020, that multiple light, sweet, oil drilling prospects are currently being reviewed for the next drilling programme at the Orinduik Block....

(Reuters) - Activist hedge fund Elliott Management Corp has invested at least $30 million in Cataleya Energy, a small firm focused on oil exploration in Guyana, the world's newest oil and gas hot spot, two people familiar with the...

Speaking just days before the results from the Tanager-1 prospect was announced, John Hess, CEO of Hess Corporation, a 15% stakeholder in the Kaieteur Block, said it will take several wells for the co-venturers to define the opportunity in...