Oil-Rich Guyana Is Looking To Build A New Energy Economy
Guyana became a major holder of oil and gas reserves in 2015 when ExxonMobil found oil in its waters. Guyana wants to use the large oil and gas discoveries over Continue Reading
Exxon Guyana Block Resource Estimate Rises To 10B Barrels
Exxon has increased its estimate of the discovered recoverable resource for the Stabroek Block off Guyana to around 10 billion oil-equivalent barrels after striking oil there one more time. Supermajor Continue Reading
Will South America’s Latest Oil Boom Spark A Military Clash?
Since the controversial 1899 decision which set the border between Venezuela and Guyana, Caracas has repeatedly contested the ruling, claiming the 61,000 square miles west of the Essequibo river belongs Continue Reading
Exxon Makes 20th Significant Crude Discovery Off Guyana
ExxonMobil has made another oil discovery on the Stabroek Block offshore Guyana, its 20 th significant crude discovery on the block, the U.S. supermajor and its partner on the block, Continue Reading
How To Capitalize On Guyana’s Oil Boom
The oil market has come through some tough sledding the last 6-8 weeks as doubts about the commitment of OPEC+ to the newly agreed output limits, and the surging Delta Continue Reading
15 companies await decision to market Guyana crude
Experienced crude oil marketer wanted Guyana is expected to pick its new crude oil marketer from a list of 15 companies that submitted bids to the procurement authority of the Continue Reading
Oil Drilling Activity To Jump In Guyana, Suriname
Guyana and Suriname, the new stars on the oil map, are expecting more exploration drilling over the next two years after a string of discoveries revealed the potential of the Continue Reading
Guyana official vows to develop its oil in an environmentally safe manner
Guyana will develop its massive oil and gas discoveries with full environmental protections, a top official told a U.S. energy conference on Tuesday, pushing back against calls for energy providers Continue Reading
ExxonMobil announces ‘significant’ discovery at Guyana’s Whiptail field
Highlights Two wells drilled simultaneously on Stabroek block Encountered 246 feet and 167 feet of net pay Adds to block’s 9 billion boe total resource estimate An ExxonMobil-led consortium has Continue Reading
Could Guyana Replace Venezuela As A Regional Oil Giant?
Guyana is continuing to build its reputation as the new oil hub of the Americas, with more oil firms seeking a stake in the country’s oil fields where it seems Continue Reading