"Guyana" News

Repsol seeks Guyana extension

Jan 18, 2016

Representatives from Spanish oil and gas explorer Repsol met with Guyana's President David Granger to seek an extension to continue exploratory work in the Kanuku Block, offshore the South American country, the Ministry of the President announced on 13 January…

First cut is the deepest

Jan 01, 2016

OE reached out to analysts Wood Mackenzie and IHS Energy to find out the view on the next 12-18 months. And the outlook is not so great for exploration spend. Audrey Leon and Elaine Maslin report. Wood Mackenzie Image from iStock…

Fugro wins Guyana survey

Dec 22, 2015

Fugro will conduct survey services at a deepwater field development offshore Guyana for ExxonMobil affiliate Esso Exploration and Production Guyana, the geophysical service company announced on 22 December. The contract provides for autonomous…

Bumper crop

Dec 01, 2015

Despite the massive cut backs the industry is facing, including cuts to exploration programs, drill bits continued to spin in 2015. Elaine Maslin reports. Atwood Achiever. Photo from Atwood Oceanics…

GlobalData: Liza could redefine Guyana-Suriname

Oct 22, 2015

With ExxonMobil reported to be moving the Liza discovery in deepwater Guyana into pre-front-end engineering design (FEED) less than five months after confirming the find, the project has the potential to yield significant returns for investors…

Shell: Downturn to last several years

Jul 30, 2015

Oil major Shell today said the oil price downturn could last for several years, as it revealed 6500 expected staff and contractor reductions in 2015, as well as further capital and operational spending cuts. “Operating costs are expected to fall by over $4 billion…

Guyana vows no interruptions

Jun 29, 2015

Guyana's president, David Granger, says he has assured ExxonMobil that exploration work at the company's recent oil discovery off the Guyana coast will not be interrupted, despite Venezuela’s recent revival of a century-old claim on 66% of Guyana’s territory…

WM: ExxonMobil's Guyana well economic at US$70/bbl

May 21, 2015

On 20 May 2015, ExxonMobil (45% and operator) announced a discovery at its Liza-1 well on the Stabroek Block offshore Guyana. The well was spud on 5 March and drilled to an Upper Cretaceous fan play at a depth of 5433m in 1743m of water.…

XOM confirms significant Guyana discovery

May 20, 2015

ExxonMobil confirmed a significant oil discovery on the Stabroek Block found 120mi offshore Guyana. The well, spud on 5 March 2015, was drilled by ExxonMobil affiliate, Esso Exploration and Production Guyana, and encountered more than…

XOM discovers oil off Guyana coast…maybe

May 15, 2015

According to Guyanese Online, Reuters, MercoPress and other news organizations, an ExxonMobil subsidiary and its partners have discovered hydrocarbons offshore Guyana, but the Guyanese government reports that it is not sure if the discovery can be confirmed in commercial quantities…

Spotlight on Latin America

Apr 01, 2015

Heather Saucier examines the effect of regional energy policies on Latin America’s rich untapped resources, estimated to be some 126 billion bo and 679 Tcf of natural gas, a large majority of which is offshore. Piñon…

Hess cuts budget but stays with deepwater

Jan 27, 2015

New York-headquartered Hess says it is cutting its 2015 capital and exploration budget by 16%, compared to 2014, to US$4.7 billion. While the firm said most of the cash (45%/$2.1 billion) would be spent on its unconventional shale resources…

CGX to drill Guyana well in 2015

Nov 13, 2014

Canada's CGX Energy said the jackup rig slated to spud its offshore Guyana prospect is due to be completed by end of January 2015. The Hakuryu-12 jackup drilling rig, soon to be part of Japan Drilling Co.'s fleet, is currently under construction in Singapore at PPL Shipyard…

Pemex, Pacific Rubiales team up

Oct 17, 2014

Toronto-based, South American-focused explorer Pacific Rubiales Energy has entered into a three-year memorandum of understanding (MOU) with Mexico's state oil firm Pemex, the company announced on 17 October. Pacific Rubiales said the…

CGX Energy enters 3D seismic survey offshore Guyana

Sep 22, 2014

CGX Energy Inc. entered into a seismic contract with Prospector PTE. Ltd. to conduct a 3116.74sq km 3D seismic survey on Demerara Block, offshore Guyana. The contract represents one of the most extensive 3D seismic studies ever conducted…

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