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January 5, 2022

Busy year ahead for Ecuador oil sector as gov’t moves to ramp up investments- oil and gas 360

Busy year ahead for Ecuador oil sector as gov’t moves to ramp up investments

January 5, 2022

Oil Now (S&P Global Platts) Ecuador’s oil and gas industry is on track for a busy year of privatization and E&P contract overhauls in 2022 as President Guillermo Lasso seeks to open up the heavily indebted Andean country to foreign investment.   Lasso’s new center-right government, which has set out to reform Ecuador’s Hydrocarbons Law, aims to sell off all

Shell sends seismic vessel home after South African court loss- oil and gas 360

Shell sends seismic vessel home after South African court loss

January 5, 2022

World Oil (Bloomberg) – The vessel hired by Royal Dutch Shell Plc to look for potential oil and gas fields is on course to leave South African waters after community groups won a court case to temporarily halt the activity. A judge on Dec. 28 granted local activists an interim interdict blocking any seismic surveys until a ruling can be

BREAKING: Guyana scores big again as Exxon hits two more discoveries- oil and gas 360

BREAKING: Guyana scores big again as Exxon hits two more discoveries

January 5, 2022

Oil Now ExxonMobil and the Government of Guyana today announced two oil discoveries at Fangtooth-1 and Lau Lau-1 in the Stabroek block offshore Guyana.   The Fangtooth-1 well encountered approximately 164 feet (50 meters) of high-quality oil-bearing sandstone reservoirs. The well was drilled in 6,030 feet (1,838 meters) of water and is located approximately 11 miles (18 kilometers) northwest of

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