Category: Guyana

Guyana’s story shares many similarities with the story of the ugly duckling. One of the poorest countries in South America, it has historically been entirely dependent on oil imports. In Continue Reading

Production from offshore Guyana to more than a half million barrels per day is supported with the latest oil discovery, the seventh for a partnership. Exxon Mobil announced oil was Continue Reading

A string of major discoveries offshore Guyana has drawn hundreds of millions of dollars in a quest for crude. (Bloomberg) — The world’s hottest offshore prospect for oil companies is Continue Reading

ExxonMobil’s sixth “home run” oil find on the Stabroek block offshore Guyana in less than three years may not only push estimated recoverable reserves notably higher, but could further whittle Continue Reading

After dumping billions of dollars in assets to focus on one particular oil field in Guyana, Hess Corp. said Wednesday its net loss almost doubled year-over-year. Hess reported a net Continue Reading

Could ExxonMobil attain 2 billion-barrel oil reserves mark offshore Guyana? Exxon Mobil Corp. on Thursday reported its fifth new oil discovery after drilling the Turbot-1 well offshore Guyana with the Continue Reading

ExxonMobil said on Friday that it had made a final investment decision to proceed with the first phase of development of the Liza field offshore Guyana, which is expected to Continue Reading

A discovery ff oil by Exxon Mobil off the coast of Guyana suggests the country is emerging as the sector’s next major hot spot, a regional player said. Exxon announced Continue Reading

Exxon Mobil Corp said on Thursday drilling results from a third exploration well offshore Guyana showed a new reservoir containing 100-150 million barrels of oil equivalent. The discovery at the Continue Reading

Offshore Guyana ExxonMobil and its partner Hess Corp. have announced that the major discovery off the coast of Guyana, is a discovery that is much larger than previously expected. The Continue Reading