"Guyana" News

With 28 Bidders Disqualified, Guyana Taps Hess to Market its Crude

Feb 10, 2021

U.S. oil producer Hess Corp has been selected to market two Guyana crude oil shipments as the emerging oil power seeks a permanent partner to handle its share of a major offshore oil find, the country's vice president said on Tuesday.The South…

Guyana Terminates Taiwan Office Deal amid China Pressure

Feb 05, 2021

Guyana on Thursday abruptly terminated an agreement with Taiwan to open an office in the South American country, hours after China urged Georgetown to 'correct their mistake.'Taiwan's foreign ministry earlier on Thursday said it had signed an agreement with Guyana on Jan…

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…

Hess Allocates 41% of Budget for Offshore Guyana Developments

Jan 25, 2021

Oil and gas producer Hess Corp on Monday forecast a small drop in output and set a $1.9 billion budget for 2021, most of which will go to Guyana, touted as one of the most important new oil and gas discoveries in the last decade.The company has been relying on its investment in offshore Guyana…

Tullow Starts Drilling Ops at GVN-1 Exploration Well, Offshore Suriname

Jan 25, 2021

Oil and gas company Tullow Oil is set to start drilling at its Goliathberg Voltzberg North-1 (GVN-1) exploration well, offshore Suriname, targeting 235 million barrels of oil. The news of the drilling operation startup was shared by Tullow's partner Ratio Petroleum…

Drilling Deals Confirmed for Two Maersk Rigs in Suriname

Jan 18, 2021

Following a conditional letter of the award signed with the French oil giant Total last November for the supply of two offshore drilling rigs in Suriname, Danish offshore drilling firm Maersk Drilling said Monday Total has firmed up the contracts…

Exxon Strikes Out at Hassa-1 Offshore Guyana

Jan 15, 2021

Exxon Mobil Corp said on Friday that its latest exploration well in the prolific Stabroek block off Guyana's coast did not find oil in its target area, the second setback to its drilling campaign in recent months.Exxon, which operates the Stabroek…

Total, Apache Make Another Oil Find Offshore Suriname

Jan 14, 2021

French oil giant Total and its partner Apache said Thursday they'd made a new significant oil and gas discovery at the Keskesi East-1 well, in Block 58 off the coast of Suriname. This follows previous offshore discoveries in the Block at Maka Central…

20 High Impact O&G Exploration Wells to Watch in 2021

Jan 13, 2021

High impact exploration has weathered a perfect storm of a pandemic, an oil price crash, and an accelerating energy transition, and enters 2021 with a substantial drilling program that should at least match 2020.High-impact exploration started…

ExxonMobil Spuds Bulletwood Well, Offshore Guyana

Jan 05, 2021

U.S. oil major ExxonMobil has reportedly started drilling at the Bulletwood-1 well site on the Canje Block, offshore Guyana.The news was shared Tuesday by Westmount Energy, an indirect partner in the Canje Block. Westmount owns an indirect interest in the Canje Block as a result of its circa 7…

SBM Offshore, Shell Extend Brazil FPSO Term. SBM in Talks with Exxon Over Guyana Extensions

Dec 23, 2020

Oil giant Shell has extended the contract for the lease of SBM Offshore's Espirito Santo FPSO in Brazil. SBM Offshore is also in talks with ExxonMobil to extend the FPSO terms in Guyana.The Dutch FPSO operator said Wednesday that the lease and…

Petronas Makes Its First Offshore Discovery in Suriname

Dec 11, 2020

Malaysian oil and gas company Petronas has made its first offshore discovery offshore Suriname.The company, as the operator of Block 52, said Friday the hydrocarbon discovery had been made while drilling the Sloanea-1 exploration well in the offshore block…

The Bahamas: Activists Push to Stop BPC's Offshore Drilling Project

Dec 10, 2020

Environmental activists are seeking to prevent Bahamas Petroleum Company from drilling its Perseverance #1 well offshore the Bahamas, just days ahead of the expected spud date.As previously reported, Bahamas Petroleum Company has hired Stena…

Exxon Takes $20B Writedown. Puts Focus on Brazil, Guyana, Permian

Dec 01, 2020

Exxon Mobil Corp on Monday said it would write down the value of natural gas properties by $17 billion to $20 billion, its biggest-ever impairment, and slash project spending next year to its lowest level in 15 years.The oil major is reeling…

Guyana: CGX, Partners Get More Time to Drill Corentyne Block Well

Nov 27, 2020

Oil and gas company CGX, the operator of the Corentyne offshore block in Guyana, has, with its partners been given more time to drill a well in the block.Frontera Energy Corporation, a CGX partner in the Corentyne block, said Friday that, following…

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