WorldOil Hess strikes deepwater oil offshore Guyana Hess Corporation announced another oil discovery offshore Guyana at the Redtail-1 well, the 18th discovery on the Stabroek Block, which will add to the previously announced gross discovered recoverable resource estimate for the block of more than 8 billion barrels of oil equivalent. Ocean Infinity completes AUV-based seismic acquisition offshore Guyana The project involved acquiring high-resolution geophysical and geotechnical data through the simultaneous deployment of multiple Autonomous Underwater Vehicles (AUV), in water depths of between 70m and 2150m over an area of approximately 3,100 square km. Exxon resumes drilling offshore Guyana amid travel bans and political drama The company confirmed that the Stena Carron and Noble Tom Madden vessels returned to full operations last month. The rigs had been shut when the country of less than a million closed its borders after the pandemic hit South America. Hess cuts CAPEX and exploration budget by $800 million, focuses on Guyana The reductions to the company’s 2020 capital budget will be primarily achieved by shifting from a six-rig program to one rig in the Bakken, which is expected to be completed by the end of May. Most discretionary exploration and offshore drilling activities, excluding Guyana, will also be deferred. Daily Brief podcast, Monday, March 2nd In today's episode, oil climbs on signs that market intervention may be near, Guyana holds an election critical to its energy future, and more. Ampelmann enters Guyana with SBM Offshore contract In a contract with SBM Offshore, the company assisted the hook-up and commissioning of their FPSO. Guyana’s election to decide who controls the nation’s oil boom Control of the world’s fastest-growing economy and its massive offshore oil fields are up for grabs Monday as Guyana votes in national elections. Tullow to slash jobs, close offices after poor Africa and Guyana results Tullow Oil will reduce its headcount in Kenya by about 40% as part of a company-wide restructuring following poor performances at its Africa and Guyana operations. ExxonMobil’s latest discovery raises Guyana recoverables above 8 billion barrels ExxonMobil has increased its estimated recoverable resource base in Guyana to more than 8 billion oil equivalent barrels and made a further oil discovery northeast of the producing Liza field at the Uaru exploration well, the 16th discovery on the Stabroek Block. OPEC sees growing supply threat from rivals beyond U.S. shale OPEC’s latest forecasts suggested a weaker outlook for global oil markets this year as surging supplies from competitors from Norway to Guyana threaten the group’s efforts to defend crude prices.