Continued success offshore the South American country of Guyana is once again playing a major role in the addition of discovered volumes and value creation for US oil major ExxonMobil and its Stabroek Block co-venturers, Hess and CNOOC. “ExxonMobil can be declared explorer of the year for a second year in a row thanks to…
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Government House and Square in Paramaribo. On the left the Waterkant with the corner house on the corner of the square. The stately homes date from after 1821, when this street burned down completely due to a fire that started in a warehouse behind the corner house. On the waterfront lies the so-called government staircase,…
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Paramaribo is a former Dutch colonial town from the 17th and 18th centuries planted on the northern coast of tropical South America. The original and highly characteristic street plan of the historic centre remains intact. Its buildings illustrate the gradual fusion of Dutch architectural influence with traditional local techniques and materials. Paramaribo is a former…
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Over seventy ( 70 ) % of all the water in the world is taken from rivers and groundwater is used for agriculture. Achieving food security requires water security. But there is little visibility on the vulnerabilities of the food system amplified by water risks around the world. New tools are being developed to address this, including Aqueduct…
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The last several years have been a difficult time for Apache Corporation. The company has seen its stock price plummet – like many of its peer companies – as the U.S. industry’s success in creating a new abundance of both oil and natural gas has led to chronic low commodity prices. That in turn has…
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Stock of Apache Corp. surged more than 25 percent Tuesday after the Houston energy firm confirmed it struck oil offshore of the small South American nation of Suriname. Just two weeks after Apache formed a joint venture with the French energy major Total, the two companies said they’ve made a significant oil discovery that could…
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The find, in a block measured at 1.4 million acres, also offers significant potential beyond the current discovery, says Apache’s CEO. Apache (APA) – Get Report shares gushed after the Houston energy explorer and partner Total (TOT) – Get Report said they found significant oil offshore Suriname. Shares of Apache at last check were up 20% at $30.81. American depositary receipts…
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Around the world the energy transition and extinction discussions and debates led the energy news agendas in company boardrooms in 2019, but the impact on exploration drilling is not yet apparent, according to market research provider Westwood Global Energy Group. Westwood said on Thursday that the global high impact well count in 2019 was 91 wells,…
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