Guyana, a country that has become a deepwater oil and gas exploration hotspot mostly due to a string of discoveries made by ExxonMobil in recent years, is set for a record year when it comes to the number of offshore wells expected to be drilled in 2021…
The first cargo from new oil producer Guyana to the world's third-largest crude importer, India, departed this month from a production facility off the South American nation's coast in a vessel chartered by trading firm Trafigura, data from Refinitiv Eikon showed on Tuesday…
Norwegian offshore vessel owner DOF has won long-term contracts in the UK and Guyana for three of its platform supply vessels.In the UK, under the contract starting in April, the large PSV Skandi Gamma will work for Ithaca Energy for a period of two years firm…
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…
Guyana's President Irfaan Ali said on Wednesday that the first phase of the Liza offshore crude project had achieved its intended full production capacity of around 130,000 barrels per day (bpd).Ali told the Guyana Basins Summit that he expected…
Marine engineering and propulsion company Royston has said it has recently completed engine overhaul work onboard Stena Drilling's drillship Stena DrillMAX, ahead of the rig's departure for work in Guyana.'Work on the 228m length ‘Stena DrillMAX’ saw a 48…
On many levels, 2020 was a pretty horrific year, “a year like no other”, according to Mike Beveridge, managing director of energy investment firm Simmons Energy, a division of Piper Sandler. It’s easy to see why. A dip into a negative WTI contract prices…
CGX Energy, a Canadian-based oil and gas firm focused on Guyana, expects to spud an exploration well in its Corentyne block in the second half of 2021.In a recent update, CGX Energy said the Kawa-1 exploration is expected to be drilled to a depth of approximately 6…
U.S. oil major ExxonMobil is set to drill another well in the Canje Block, offshore Guyana, after it was last week announced that the first well drilled -the Bulletwood-1 - failed to strike commercial oil volumes.ExxonMobil has now moved Stena…
U.S. oil major ExxonMobil has failed to find commercial quantities of oil at the Bulletwood-1 offshore well in the Canje Block, offshore Guyana.The well, spudded on December 30, 2020, was drilled using the Stena Carron drillship and was the first well drilled in the 4…
State-run refiner Indian Oil Corporation (IOC) has made its first purchase of Norway's Johan Sverdrup crude, buying four million barrels via a tender as it speeds up diversification of crude imports, two trade sources told Reuters on Monday…
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…
The Stena Carron drillship most recently used by ExxonMobil to drill the Bulletwood-1 well in the Canje Block offshore Guyana has moved to a new drilling location.This is according to Westmount Energy which owns an indirect interest in the Canje Block…
INEOS E&P, a part of INEOS Energy, said Thursday it had entered into an agreement to acquire the U.S. oil firm Hess' subsidiary Hess Denmark for a total consideration of $150 million. Hess said it would use the cash on its operations in Guyana…
Norwegian energy intelligence group Rystad Energy expects to see an increase in offshore wells drilled this year and the next one, compared to 2020, when the number was hit by low oil prices and the pandemic.Now, with oil and gas demand recovering supported by vaccinations and OPEC+ supply cuts…
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