"Eco Atlantic" News

Offshore Oil Firm Eco Atlantic Launches Renewables Division

Jan 26, 2021

Eco Atlantic, an oil company with offshore oil and gas acreage in Guyana and Namibia, said Tuesday it had formed a new solar energy-focused company Eco Atlantic Renewables, citing, in part, a lack of oil and gas acquisition opportunities.Formed with Nepcoe Capital Partners Ltd…

Key Offshore Wildcat Wells At Risk of Being Suspended

Apr 08, 2020

At least nine of the world’s top planned exploration wells for 2020 are at risk of being suspended as a result of the blended impact of COVID-19 on oil and gas activities and the oil price war, Rystad Energy said Tuesday.These wells, the Norwegian energy intelligence firm said…

Eco Atlantic: Board, Management Salaries Cut up to 40%

Apr 01, 2020

Guyana and Namibia focused oil and gas company Eco Atlantic has said that its board and management have agreed to voluntary pay cuts of up to 40 percent, in the wake of the situation with the coronavirus and the low oil prices.The company has…

Guyana: Orinduik Block in Resource Estimate Boost

Feb 03, 2020

Tullow Oil's Orinduik Block offshore Guyana could hold 5,1 billion barrels of oil equivalent in Gross Prospective Resources, best estimate, according to Gustavson Associates, an independent third-party auditor.This is more than a billion-barrel…

In Namibia, Eco Atlantic Plots Journey Ahead

Nov 21, 2019

Oil and gas exploration and production company Eco Atlantic appears determined to make a breakthrough in its underexplored Namibian offshore assets after preliminary works in preparation for a deep dive it expects to take in the four offshore permits as early as October next year…

Tullow and Partners Plot Next Steps in Guyana

Oct 24, 2019

Tullow Oil and its partners in the Orinduik block offshore Guyana are plotting their next steps following two discoveries on the closely watched hotspot earlier this year.The London-based operator, which owns 60% working interest in the 1,776-square-kilometer Orinduik block…

Tullow to Drill at Least 3 New Guyana Wells in 2020

Sep 16, 2019

Tullow Oil plans to drill three or more oil exploration wells in Guyana next year, Chief Executive Officer Paul McDade said on Monday after the firm's second oil discovery in the country.Following the Jethro-1 discovery last month, London-listed…

Tullow Makes Second Discovery Offshore Guyana

Sep 16, 2019

Tullow Oil announced it has made a second oil discovery on the Orinduik block, opening a new Upper Tertiary oil play in the Guyana offshore basin.The Joe-1 exploration well was drilled by the Stena Forth drillship to a total depth of 2,175 meters in 780 meters water depth…

Tullow, Eco Spud Joe-1 Well in Guyana

Aug 27, 2019

Operator Tullow started drilling a fresh exploration well in Guyana's offshore Orinduik block, partner Eco Atlantic announced on Tuesday.Joe-1 was spud August 25 using the Stena Forth drillship, which previously drilled the recently announced Jethro discovery…

Tullow Shares Soar on Guyana Find

Aug 12, 2019

Tullow Oil PLC said on Monday it has made a large oil discovery in Guyana, sending its share price soaring on expectations that it will develop a productive field in the South American country's nascent oil industry.Shares London-based Tullow…

Tullow Makes Major Oil Discovery in Guyana

Aug 12, 2019

Tullow Oil has made a major oil discovery in the deepwater Orinduik block offshore Guyana, raising expectations that the London-based independent will move to develop a field in the closely watched, oil-rich South American country.The discovery…

Eco Atlantic Spuds Jethro-Lobe Well

Jul 08, 2019

Canadian oil and gas exploration company Eco Atlantic Oil & Gas Ltd said it has started drilling operations for the first well in the Jethro-Lobe prospect on the Orinduik block, offshore Guyana.The well was spud on Thursday (July 04)  using the Stena Forth drillship…

South Africa Approves Azinam Offshore Farm-in

May 30, 2019

South Africa continues to make progress in its endeavor to woo increased investment in the country’s highly under-developed offshore oil and gas market as the government’s slow and delayed plan to make cuts on crude oil imports begins to take shape…

Orinduik Partners to Drill 2nd Well Off Guyana

Mar 29, 2019

Partners Tullow Oil, Total and Eco Atlantic have chosen the Joe prospect for a second well in their much-watched Orinduik oil and gas field off Guyana's coast, Eco said on Friday.Eco earlier this month increased the estimate for the field to about 3…

Orinduik Block Resources Upgraded

Mar 18, 2019

An oil and gas field offshore Guyana owned by Tullow, Total and Eco Atlantic contains around 3.9 billion barrels of oil equivalent, an upgrade of around a third to a September estimate, Eco said on Monday.The Orinduik Block neighbors an Exxon Mobil field which…

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