Guyana Is Taking Control Of Its Oil Boom
Guyana’s recent oil discoveries could not have come at a better time for the country, with international companies looking to move away from traditional oil-producing states A new law passed Continue Reading
ExxonMobil Announces Two New Oil Discoveries In Guyana
ExxonMobil has made two more discoveries in the Stabroek block offshore Guyana, which add to the previously announced 10 billion oil-equivalent barrels recoverable resource estimate for the block, the U.S. Continue Reading
Guyana Votes To Set Up Oil Wealth Fund
The Parliament of Guyana, where more than 10 billion barrels of oil equivalents have been discovered over the past half-decade, voted this week to amend its Natural Resource Fund (NRF) Continue Reading
Exxon proposing to build supply depot for Guyana project
Exxon Mobil Corp outlined a major new investment in Guyana amid government calls for delivering economic benefits to residents from deepwater oil and gas discoveries helping turn the South American Continue Reading
Guyana To Become The 11th Country To Produce Over 1 Million Bpd
The tiny South American nation of Guyana has emerged as the hottest offshore drilling location on the continent over the last six years. The swathe of oil discoveries made by Continue Reading
Guyana Is Walking A Fine Line With Its Oil Boom
Guyana’s oil boom has the potential to turn the South American nation into one of the richest countries in the world on a per capita basis The country has to Continue Reading
SBM Offshore To Build Its Largest FPSO For Exxon
SBM Offshore has been awarded contracts to perform FEED for an FPSO for the Yellowtail development project offshore Guyana. FPSO operator SBM Offshore has been awarded contracts to perform front-end Continue Reading
Exxon in talks to build fourth oil production rig for Guyana
Exxon Mobil (XOM.N) is in discussions with Dutch contractor SBM Offshore NV (SBMO.AS) to build a fourth multibillion-dollar production unit to develop its Guyana oil discoveries, two people close to Continue Reading
Exxon Is By Far The Best Bet On Guyana’s Offshore Oil Boom
Exxon’s operations offshore Guyana are proving to be highly profitable Breakeven costs for its projects are expected to drop from $35 per barrel to $25 per barrel, an industry low Continue Reading
Exxon’s second production unit arrives in Guyanese waters
Exxon Mobil Corp’s (XOM.N) second floating production system for Guyana, the Liza Unity, arrived early on Tuesday in the South American country’s waters, the U.S. oil company said. The production Continue Reading