March 14th, 20190US offshore driller Rowan Companies, which is on the verge of a $12bn combination with Ensco, has been awarded a contract by Repsol Exploracion Guyana for 2010-built jackup rig . The contract is for one well, offshore Guyana, and has an expected duration of around 45 days. Commencement is scheduled for the third quarter of 2018, with...
December 19th, 20180US offshore driller Rowan Companies, currently in the middle of a $12bn combination with Ensco, has been awarded a one-well contract for 2009-built jackup rig . The contract, with CGX Resources in Guyana, will commence in the second quarter of 2019 and has an estimated duration of 60 days. The Ralph Coffman is currently on contract...
August 21st, 20180Italian contractor Saipem has been awarded contracts by Esso Exploration and Production Guyana for the second phase of the ExxonMobil led Liza development offshore Guyana. These contracts are in addition to those awarded to Saipem in 2017 for Liza Phase 1 is written in a statement. Saipem will perform detailed engineering,...
June 13th, 20180ExxonMobil announced on Tuesday that it has begun development drilling on Liza Phase 1 offshore Guyana, well ahead of the average industry pace. The Irving, Texas-based oil supermajor said the drilling started last month on the first of 17 wells planned for Liza Phase 1, which is the first of three projects it has in the works...
April 21st, 20180Germany’s largest bulk shipping firm, Oldendorff Carriers is stopping its dealings in Guyana because the Russian company with which it has business in the South American country is subject to US sanctions, according to Reuters. The Russian aluminium producer Rusal has a bauxite plant in Guyana from which Oldendorff ships the product...
April 10th, 20180The International Monetary Fund (IMF) has advised the government of Guyana to tighten up its tax laws and get better deals from oil producers in future after the highly favourable terms given to Exxon-Mobil on its project offshore the South American nation, according to Bloomberg. Guyanese officials have acknowledged points made in an...
February 7th, 20180French supermajor Total has bought stakes in more oil blocks offshore Guyana, according to Reuters. Total is buying a 35% working interest in the Canje Block, in which operator ExxonMobil has a 35% stake and the other 30% is shared by Canada’s JHI Associates and Guyana-based Mid-Atlantic oil & Gas. It has also purchased a 25%...
January 9th, 20180The hits keep coming for ExxonMobil in its exploratory drilling offshore Guyana with the declaration that it has positive results for a sixth time. Guyana is a newcomer to the global oil business and the US supermajor is lead partner on its offshore work. The new discovery is from a well called called Ranger-1 and joins others named...
December 29th, 20170Guyana’s government has released details of its contract with ExxonMobil for developing offshore oil resources and it shows that the country stands to gain around $7.6bn from just one field - the Liza 1 - once commercial operations are up and running, according to Guyanese and Caribbean media sources. That is based on a 2% royalty...
September 26th, 20170French energy giant Total has taken out an option for a quarter stake in an oil block offshore Guyana, according to Reuters. Total paid Canadian firm Eco Atlantic Oil & Gas $1m for the option, giving the French firm the first rights to purchase the 25% share of the Orinduik block for a further $12.5m if they so choose. If Total...
