Houston — The ExxonMobil-operated Liza Phase 1 development offshore Guyana achieved its nameplate capacity output of 120,000 b/d in December and continues to produce at that rate, the top executive Continue Reading
The Liza Phase 1 offshore project—Guyana’s first oil-producing project led by ExxonMobil— has reached its full planned production capacity of some 130,000 barrels per day (bpd), Guyana’s President Irfaan Ali Continue Reading
The tiny South American countries of Guyana and Suriname are the focus of Latin America’s latest oil boom. A slew of oil discoveries by ExxonMobil since 2015 in its offshore Continue Reading
Like many global oil majors ExxonMobil is under considerable pressure because of the significant fallout from the COVID-19 pandemic, sharply weaker oil prices and the threat of peak oil demand. Continue Reading
The Liza-1 well in the Stabroek Block offshore Guyana is pumping oil at a rate of 120,000 barrels per day, Exxon has announced, in a belated achievement of its target Continue Reading
The growing oil boom in the offshore Guyana-Suriname Basin continues to gain pace . After making a series of spectacular discoveries in offshore Guyana energy supermajor ExxonMobil announced that with Continue Reading
ExxonMobil could install as many as 10 floating production, storage and offloading vessels, or FPSOs, at the Stabroek block off the coast of Guyana, the company’s manager for deepwater projects Continue Reading
After a series of major oil discoveries offshore Guyana, ExxonMobil and partners found that the deepest well drilled so far offshore the Latin American country did not have commercial potential Continue Reading
Estimated resources at the ExxonMobil-led offshore Stabroek block in Guyana have been raised to roughly 9 billion boe, up from more than 8 billion boe earlier this year, thanks to Continue Reading
While the deeply impoverished South American country of Guyana is attracting the lion’s share of attention when it comes to oil, it is neighboring Suriname where the next major petroleum Continue Reading
There are growing fears that the COVID-19 pandemic will sharply impact deeply impoverished Guyana’s economy and fiscally vital oil boom. Newly appointed President of Guyana Dr. Irfaan Ali recently called Continue Reading
ExxonMobil said on Tuesday it had made its 18 th oil discovery offshore Guyana, which adds to its previous estimate of more than 8 billion barrels of discovered recoverable resources Continue Reading
The deeply impoverished South American country of Guyana in recent years was heralded as the hottest new oil boom in the Americas. A series of large offshore oil discoveries by Continue Reading
The new government in the world’s newest oil producer, Guyana, looks to raise the requirement for local content in employment and procurement of goods and services in the offshore oil Continue Reading
Guyana has become one of the main upstream stars of the past decade, rising from zero to hero in less than 5 years. Much of Guyana’s rise to prominence took Continue Reading
Guyana’s electoral authorities declared opposition candidate Irfaan Ali president Sunday, ending a five-month constitutional crisis that threatened to turn the South American nation into an international pariah. The decision eases Continue Reading
Delays in sanctioning the ExxonMobil-led Payara project offshore Guyana could result in a gap of more than $1.5 billion of revenues for the project partners and the country if startup Continue Reading
Exxon Mobil Corp. resumed drilling in Guyana last month, underscoring its dedication to the offshore hotspot despite the oil price crash and a messy turn in local politics. Two of Exxon’s Continue Reading
Exxon is moving to rapidly expand its exploration footprint in this little-known venue, French Total SA is spudding its first well here, small-cap Eco Atlantic – of offshore Guyana fame Continue Reading
Exxon has reduced its crude oil production at the Liza offshore field in Guyana due to the risk of excessive flaring, according to the South American country’s regulator, as quoted Continue Reading
Oil majors may be slashing spending and deferring development plans across the globe, but they remain committed to developing the newest offshore oil finds in the heart of Latin America. Continue Reading
The world may be falling into its worst recession in almost a century but one tiny South American economy is still forecast to grow 53% this year. The remote, jungle-covered nation of Continue Reading
On a sprawling abandoned sugar estate by the coast of Guyana, the scale of the changes sweeping across the country is immediately visible. In just a few years, enormous warehouses Continue Reading
Amidst the torrent of news on the adverse impacts of COVID-19, recent developments in Guyana stand out as something of a countercurrent. In times when the entire world seems to Continue Reading
They are the odd couple of the global oil patch: Guyana is a poor former British sugar colony. Exxon Mobil is America’s largest oil company. They came to depend on Continue Reading
To mark the flow of the world’s biggest oil discovery in years, President David Granger declared a new holiday, National Petroleum Day, on Dec. 20. Backed by soothing Caribbean tunes Continue Reading
The economic fortunes of Guyana, with a population of only around 800,000, are poised for a major transformation after its first-ever oil development commenced production just six weeks ago. Offshore Continue Reading
A new report suggests that the world’s newest oil exporter, Guyana, lost $55 billion from its deal with Exxon that would allow the oil major to develop its offshore oil Continue Reading
ExxonMobil raised the amount of its estimated recoverable reserves in Guyana Monday by more than 30% to more than 8 billion boe, even excluding the just-announced latest discovery. Urau-1 is Continue Reading
A day before Christmas 2019 ExxonMobil and its partners have lifted the first commercial crude from the Liza field. In and of itself this might seem innocuous enough for us Continue Reading
The world’s newest oil frontier, Guyana, has officially shipped its very first batch of crude oil on Monday, according to TankerTrackers.com—a major oil-first for the South American country. The first Continue Reading
An oil rig in Guanabara Bay, Brazil, June 2015 On January 7, the oil and gas companies Apache Corporation and Total SA announced a major oil find off the coast Continue Reading
Two weeks after France’s supermajor Total joined Apache Corporation in a highly prospective block offshore Suriname, the two oil corporations announced a significant oil discovery in the block, stoking hopes Continue Reading
Tullow’s shares took another beating Thursday after it said the volume of its latest oil discovery in Guyana was lower than forecast. Receive daily email alerts, subscriber notes & personalize Continue Reading
Guyana has just joined the ranks of oil producing nations as ExxonMobil is already commercializing its huge oil finds offshore the South American country, but London-listed Tullow Oil continues to Continue Reading
Houston — Not only did an ExxonMobil-led consortium begin producing oil from its much-watched Stabroek block in Guyana just a few days ago, but the group has stuck another feather Continue Reading
Guyana officially joined the ranks of oil producing nations, after ExxonMobil and its partners began oil production offshore the South American country. ExxonMobil and its partner Hess Corporation launched oil Continue Reading
This year, ExxonMobil announced its 11th and 12th oil finds in the small South American country of Guyana. The estimates of recoverable crude in the country now stand at roughly 5 Continue Reading
Two more Guyana exploration wells planned Has success in US Gulf of Mexico Esox discovery Bakken output up 38% year over year on better wells Hess Corp’s first oil in Continue Reading
Guyana’s oil revenue should start to flow any minute now. ExxonMobil’s floating production, storage and offloading vessel has been offshore since August. There’s talk of oil before the end of Continue Reading
The world’s newest offshore hotspot, Guyana, is in the early stages of a probe into how oil exploration rights were awarded for oil blocks that are currently controlled by ExxonMobil Continue Reading
A tiny South American country until recently known mostly as the location of one of the worst mass suicides in modern history is about to acquire a whole new reputation, Continue Reading
Exxon Mobil Corp said on Friday it has funded the Liza Phase 2 development offshore Guyana after it received government and regulatory approvals. Exxon has been investing heavily in its Continue Reading
Exxon Mobil Corp said on Thursday the U.S. oil major along with its partners have made an oil discovery offshore Guyana, which adds to the previously estimated 5.5 billion barrels Continue Reading
An oil and gas field off Guyana’s coast and owned by Tullow, Total and Eco Atlantic has about 3.9 billion barrels of oil equivalent, a third more than announced in Continue Reading
When ExxonMobil begins oil production in Guyana next year; mining crude from its seven new deep-water wells, life may change dramatically in this small South American country. The mega deal Continue Reading
Tilapia is crude oil, while Haimara is gas condensate Haimara may open up a new play area: companies An ExxonMobil-led consortium has made two more discoveries offshore Guyana they call Continue Reading
Seismic research vessels hired by Exxon Mobil to explore for oil off Guyana’s coast have not returned to the site of a December incident with Venezuela’s navy, but they may Continue Reading
Exxon is still drilling offshore Guyana despite a run-in with the Venezuelan navy last weekend, the company said, as quoted by Reuters. Initial reports from earlier this week said the Continue Reading
Last Friday, the Guyanese government fell after a no-confidence vote, a move that likely was viewed as an opportune moment of weakness in Caracas. A day later, Venezuela’s navy approached Continue Reading
