Petronas scores Suriname find
Petronas has made a first discovery offshore Suriname, in Block 52, at the Sloanea-1 exploration well.
Guyana
Oil companies on track to discover 10billion barrels in 2020 despite pandemic – Rystad
Oil companies are on track to discover 10 billion barrels this year, despite the coronavirus pandemic temporarily halting exploration activity this spring, according to Rystad Energy.
Non-commercial discovery for Exxon at deepest Guyana well
The Tanager 1 well is a non-commercial discovery, on a standalone basis.
Revenues up 16% for SBM Offshore thanks to Guyana and Brazil FPSOs
Dutch shipbuilder SBM Offshore has seen underlying revenues increase by 16% thanks to major orders for FPSO vessels in Guyana.
Subsea holds the key as TechnipFMC enjoys strongest quarter for orders
TechnipFMC enjoyed its strongest quarter of the year for new orders in the three months ended September 30, booking in $2.2 billion of new deals.
TechnipFMC, SBM celebrate deals as Exxon sanctions latest Guyana development
US oil major ExxonMobil has made a final investment decision to develop the $9 billion, 600 million barrel Payara field off Guyana.
Africa Oil, the exception
Few companies are paying down debt while staying bullish on exploration plans, but Africa Oil is an exception.
ExxonMobil announces Redtail oil discovery offshore Guyana
ExxonMobil has announced another oil discovery off the coast of drilling hotspot Guyana, at its Redtail well.
Aberdeen & Grampian Chamber of Commerce to shine light on business opportunities between Scotland and Guyana
North-east business leaders will explore the "wealth of new business opportunities" available in Guyana during an industry event next month.
Aberdeen reaffirms links with Guyana as country prepares to make ‘great strides’ in oil and gas post-election
Scores of oil and gas representatives met virtually yesterday to discuss the opportunities available to supply chain companies in post-election Guyana.
Digital business event to explore Guyana opportunities
Plans are gathering pace for a digital business event which will highlight opportunities to link businesses in the North East of Scotland with a newcomer on the list of oil producing countries.
Stena Drilling to begin operations off the coast of Guyana “imminently”
Aberdeen-headquartered Stena Drilling is expected to commence operations off the coast of Guyana “imminently” after its vessel arrived on location.
Floating production system market set for quick rebound, Westwood Global says
The floating production systems (FPS) market will rebound to $13 billion annually from 2021-24 with an average oil price of $60 per barrel, analysts have said.
Ocean Infinity wraps up project offshore Guyana
Ocean Infinity, the world-leading marine robotics company, is pleased to announce it has successfully completed its recent project for ExxonMobil, within the Stabroek block offshore Guyana.
Oil and gas drilling set for ‘staggering’ 20-year low – Rystad
Oil and gas drilling is on course for a "staggering" 20-year low, according to consultancy Rystad Energy.
Exxon restarts Guyana drilling amid voting crisis
Exxon Mobil Corp. resumed drilling in Guyana last month, underscoring its dedication to the offshore hotspot despite the oil price crash and a messy turn in local politics.
Maersk Drilling bags £16.6million Suriname contract with Petronas
Maersk Drillng has won a £16.6m ($20.4m) contract with Petronas off Suriname.
Supply chain threatened with collapse, Woodmac warns
The upstream supply chain “faces the very real threat of collapse”, a new report from Wood Mackenzie has warned, setting the industry on the path of another crisis as demand recovers.
Africa Oil takes Nigeria dividend
Africa Oil has received its first dividend from its recently acquired Nigerian assets and has directed the cash to pay down a loan.
ExxonMobil increases Guyana estimates by two billion barrels, makes another discovery
ExxonMobil has increased its estimated recoverable resources in Guyana by two billion barrels after a hot streak of discoveries at the prolific Stabroek block.
Woodmac exploration outlook: Move from ‘Big Oil to Big Energy’ under way
The move from “Big Oil to Big Energy” is under way as the energy transition puts extra pressure on explorers, an analyst has said.
Oil investing in a carbon-averse world
The world continues to need investment in the oil and gas sector, according to most forecasts, but this is an increasingly difficult pitch for investors given concerns over carbon emissions.
Tullow takes write down on lower for longer prices
Tullow expects to report pre-tax impairments and exploration write-offs of around $1.5 billion for 2019, as a result of a lower oil price forecast and a reduction in 2P reserves at the TEN project, offshore Ghana.
Oil holds biggest weekly drop since July on easing Gulf tension
Oil was steady after the biggest weekly drop since July as an easing of geopolitical tension in the Middle East turned attention back to a flood of new supply set to hit the market this year.
Exploration in 2020: Transition, what transition?
The Energy Transition and Extinction Rebellion may have led the energy news agenda and stimulated reflection in many E&P boardrooms in 2019, but the impact on exploration drilling is not yet apparent.