Following a recent oil discovery at the Jethro well offshore Guyana, oil firm Tullow is set to spud the second well, Joe-1, within days. Eco Atlantic, Tullow’s partner in the Orinduik block where the Jethro-1 discovery  – 180.5 feet (55 meters) of net high-quality oil pay – was made, said the drillship is currently moving... Continue Reading →

Hess Corporation’s investment in Guyana’s offshore Stabroek Block has resulted in the company emerging as the best-performing US oil firm this year and, along with its partners, it is poised to reap US$22 billion ($4.5 trillion) in profits from its initial two projects here, the Wall Street Journal (WSJ) reported yesterday. “Hess Corp. has emerged... Continue Reading →

High-impact exploration drilling activity increased substantially in the first half of 2019 with 51 exploration wells completed, compared to 36 in the same period in 2018. It’s back to gas though, with gas discoveries up and oil down on 2018, according to market research provider Westwood Global Energy Group. The largest oil discoveries are considered... Continue Reading →

This tiny nation on the north coast of South America is about to become the world’s newest petrostate—and potentially the richest. In 2015, ExxonMobil made what one of its executives described as a “fairy tale” discovery in the vast Stabroek exploration block off the Guyanese coast. Since then, it’s found so much oil that by... Continue Reading →

Tullow Oil has made an oil discovery at its Jethro-1 exploration well, drilled on the Orinduik license offshore Guyana. The Jethro-1 was spud in early July, using the Stena Forth drillship. It was drilled to a Total Depth of 4,400m meters in approximately 1,350 meters of water. Tullow said on Monday that evaluation of logging... Continue Reading →

International energy logistics provider Peterson has been awarded a major contract with Repsol’s Guyana subsidiary for work on an offshore well. Peterson said on Tuesday that it was selected as the main logistics contractor for the Carapa-1 exploration and drilling project. The company will provide Repsol with integrated supply base operations management, logistics, and pipe... Continue Reading →

The Government of Guyana has approved resequencing of CGX Energy’s work program in the offshore Corentyne block. The block is operated by CGX’s wholly-owned subsidiary CGX Resources. Frontera Energy also holds a stake in the block through a farm-in completed in early May. CGX said last Friday that it had intended to drill one exploration... Continue Reading →