Posted in drilling, Guyana, Offshore Energy - General, tagged Guyana, OilNow, Stena Carron, Stena Drillmax on January 15, 2025| Leave a Comment »
Below is a nice shot of the Stena Carron seen from the Stena DrillMAX offshore Guyana. The DrillMAX returned to Guyana after drilling the high potential Persephone well in the Orphan Basin offshore Newfoundland. Unfortunately, the Orphan Basin well failed to discover commercial hydrocarbons.
StenaDrilling shows the current locations of the 2 drillships. The DrillMAX is northwest of the Carron.
Posted in Guyana, tagged Exxon, Guyana, Maduro, offshore oil, OilNow, Stabroek, venezuela on December 8, 2023| Leave a Comment »
If we pause any of our developments, Maduro succeeds. He has no right in international law to tell the people of Guyana, a sovereign country, how to pursue its affairs.
And that is why we are forging ahead with our development in all 83,000 square miles…if we get paralyzed by this at the government level then we will fall prey to what he is trying to achieve.
Guyana’s Vice President, Dr. Bharrat Jagdeo
Posted in Guyana, Offshore Energy - General, tagged Guyana, licensing round, OilNow, Sispro on September 18, 2023| Leave a Comment »
Good for Guyana and good for offshore energy!
In Guyana’s inaugural offshore licensing round, Sispro Inc. stands out as the only Guyanese company among the bidders. Located in South Cummingsburg, Georgetown, this indigenous start-up is a stand-out. So, who are the locals behind it?
Founded by four women – Dr. Melissa Varswyk, Abbigale Loncke-Watson, Dr. Ayodele Dalgety Dean, and Dee George, Sispro has leadership with diverse backgrounds in finance, health, education, energy, and human rights.
OilNow, Guyana
Interesting:
Out of the 14 bids made in Guyana’s inaugural offshore licensing round, Sispro was the only individual bidder, with others bidding as groups.
And it looks like they have assembled a capable, mostly Guyanese, team.
Posted in Barbados, Guyana, Jamaica, Offshore Energy - General, tagged Barbados, CNOOC, Exxon, Guyana, Hess, Jamaica, oil exports, OilNow, Stabroek Block on July 15, 2023| Leave a Comment »
OilNow, an informative and boldly named media outlet that covers the oil and gas sector in Guyana, reports that “the Guyana government expects crude oil exports this year to generate US$11.3326 billion in 2023, a 14% increase from the 2022 figure.“
Of course, the 3 Stabroek Block partners who are responsible for this production – Exxon (45%), Hess (30%), and CNOOC (25%) – are also doing quite well. If you are wondering about this curious mix of companies – a US supermajor, a large US independent, and a state-owned Chinese mega-company – this OilNow post explains what happened.
Initially, Exxon and Shell were 50/50 partners in the Stabroek Block. Shell thought the chances for success were slim and opted out a year before the world class Liza discovery (ouch!). After Shell departed, Exxon sent “at least 35 letters” to prospective partners and only Hess and CNOOC responded favorably (actually, it was Nexen, not CNOOC that responded). The Liza discovery followed and the rest is history.
Will exploration offshore Jamaica and Barbados also prove successful? Stay tuned.
Bud's Offshore Energy (BOE) 