A total of 14 oil blocks offshore Guyana are to be put up for auction next year, marking the country’s first competitive licensing round.
ExxonMobil has scored another two finds offshore Guyana its incredibly prolific Stabroek block.
ExxonMobil has made another two discoveries in the Stabroek block, bringing the total number of its finds offshore Guyana to more than 25.
Eco Atlantic Oil & Gas has struck a deal to buy another 6.25% stake in a South African block, while also raising $12.3 million.
Eco Atlantic Oil & Gas has dropped its plans to acquire JHI Associates, which has a 17.5% stake in a Guyana block.
A small group of deep-pocketed companies increasingly dominates exploration and, as yet, they are avoiding the boom-and-bust mentality of previous oil cycles.
ExxonMobil has made a trio of new discoveries offshore Guyana, boosting recoverable resources from the prolific Stabroek Block to nearly 11 billion barrels of oil equivalent.
SBM Offshore has won work on the One Guyana vessel for ExxonMobil’s Yellowtail project, offshore Guyana.
ExxonMobil has taken its fourth final investment decision (FID) in Guyana on the Yellowtail project.
ExxonMobil drilled a so-called dry hole off the coast of Brazil, a rare setback in the oil titan’s effort to expand its South American crude reserves.
Eco Atlantic Oil & Gas has struck another deal, agreeing to issue shares to buy its partner in Guyana, JHI Associates.
Amid higher oil prices, Tullow Oil is beginning to scale up its growth plans once more, raising near term possibilities for drilling around TEN and further out plans for gas and Kenya.
Brent oil prices average $60-80 per barrel until 2027, BofA Global Research has said in a new report, suggesting high prices are here to stay – at least in the medium term.
3t EnerMech, Orinduik Development and Windsor Technologies will deliver Guyana’s first training centre for oil and gas, providing skills, safety training and certifications for the local offshore workforce
ExxonMobil (NYSE: XOM) has started up production at Guyana’s second offshore oil development on the Stabroek Block.
Exxon Mobil Corp. will boost spending on new oil wells and other projects by as much as 45% after posting the biggest profit in almost eight years amid a broad rally in energy prices.
The Kawa-1 well has found 54 metres of hydrocarbon-bearing reservoirs offshore Guyana, on the Corentyne block.
Tullow Oil’s shift to a more conservative stance is paying off, it seems, with debt down and cash flow on the rise.
The industry drilled more wells in 2021 than 2020, IHS Markit has reported, with notable successes in high impact wells adding new resources.
Saipem has won two new offshore contracts, in Australia and Guyana, worth $1.1 billion, on the Scarborough and Yellowtail projects respectively.
Eco (Atlantic) Oil & Gas is buying South Africa and Namibia-focused Azinam, with CEO Gil Holzman talking of building a major exploration focused independent.
ExxonMobil has drilled the Sapote-1 well, offshore Guyana, but failed to find commercial hydrocarbons.
A 21st discovery on the Stabroek block has increased the gross discovered recoverable resource to 10 billion barrels of oil equivalent.