(Bloomberg, 24.Mar.2020) â When Exxon Mobil Corp. came to Guyana, the US oil giant brought with it the promise of extraordinary economic growth. Now the […]
Tag: CNOOC Nexen Petroleum Guyana Limited
Exxon, Guyana Head Toward Uncertain Future
(OilandGas360.com, 20.Mar.2020) â They are the odd couple of the global oil patch: Guyana is a poor former British sugar colony. Exxon Mobil is Americaâs […]
Guyana Elects Leader As Vast Oil Boom Dawns
(AP, 4.Mar.2020) â Guyana voted for a new government on Monday in a bruising fight for control of a tiny South American country whose oil […]
Guyana Holds Crucial March Election
(Aljazeera, 2.Mar.2020) â Guyana’s economy is expected to be transformed by oil and gas discovered off the poor South American countryâs shores. Voters in Guyana […]
Guyanaâs Burgeoning Oil Wealth Kindles Contract Row
(S&P Global Platts, 30.Jan.2020) â ExxonMobil’s growing oil discoveries offshore Guyana are amplifying domestic calls for a review of production-sharing contract terms on the eve […]
ExxonMobil Ups Guyana Recoverable Resources
(ExxonMobil, 27.Jan.2020) â ExxonMobil has increased its estimated recoverable resource base in Guyana to more than 8 billion oil-equivalent barrels and made a further oil […]
Guyana â The Worldâs Newest Oil Producer
(IHSMarkit, 24.Jan2020) â In an environment of oil supply glut, a new player entered the scene. Guyana, a nation bordering Venezuela and Brazil – two […]
Guyana Searches For Firm To Trade Its Crude
(Reuters, 23.Jan.2020) â Guyanaâs government next month plans to begin a search for an oil company or trading firm to market its share of the […]
Oil Tanker Arrives To Export Guyana’s First Oil Lift
(Jamaica Observer, 19.Jan.2020) â The Marshall Islands registered crude oil tanker, Yannis P , has arrived here as the country will soon lift the first […]
Oil Boom Begins In Guyana
(Bloomberg, 23.Dec.2019) â Exxon Mobil Corp. and its partners produced the first commercial crude from Guyana, setting the small South American nation on a path […]
CNOOC Says Liza Field Offshore Starts Production
(CNOOC, 20.Dec.2019) â CNOOC Limited announced 20 Dec. that Liza field offshore Guyana has safely commenced production ahead of schedule. Liza Phase 1 development project […]
Guyana Seeks Buyers For Govt’s Oil Output Share
(Reuters, 15.Dec.2019) â Guyana has invited companies interested in purchasing the first three deliveries of the governmentâs share of the countryâs looming oil production to […]
ExxonMobil Plans 31-Well Program In Guyana
(Zacks Equity Research, 6.Dec.2019) â Exxon Mobil Corporation is planning to commence a 31-well exploration campaign offshore Guyana, per Argus. The company has submitted requests […]
Oil Brightens Guyanaâs Prospects
(CaribNews, Mellany P., 28.Nov.2019) â President David Granger said Wednesday that the emerging petroleum industry provides an âexciting economic and enterprising developmentâ for Guyana and […]
Why ExxonMobil’s Guyana Success May Have Hurt Petrobras
(The Motley Fool, John Bromels, 20.Nov.2019) â Oil is a big business with even bigger money attached. That’s why governments that control oil assets are […]
Saipem Inks Subsea Contract In Guyana
(Saipem, 14.Nov.2019) â Milan-based Saipem has been awarded a subsea contract by ExxonMobil subsidiary Esso Exploration and Production Guyana Limited (EEPGL) for the proposed Payara […]
Brazil Tender Disappoints
(Reuters, Gram Slattery, Marta Nogueira, Marianna Parraga, 6.Nov.2019) â Brazilâs biggest-ever oil auction frustrated expectations on Wednesday, as high prices and the dominant role of […]
Guyana Key Elections To Come Ahead Of First Oil
(Argus, 26.Sep.2019) ) â Guyana will hold parliamentary elections on 2 March 2020, around the time that ExxonMobil plans to launch offshore oil production that […]
ExxonMobil Reports Tripeltail Find Offshore Guyana
(Exxon, 16.Sep.2019) â ExxonMobil made an oil discovery on the Stabroek Block offshore Guyana at the Tripletail-1 well in the Turbot area. The discovery adds […]
Building Guyanaâs Destiny
(Exxon, 9.Sep.2019) â Finding the next big discovery is only a small part of the story when it comes to energy. Delivering that new energy […]
Liza Destiny FPSO Moves To Offshore Guyana
(Zacks, 30.Aug.2019 ) â Hess Corporation recently announced the arrival of Liza Destiny â an oil production vessel â at the Stabroek Block, offshore Guyana. […]
South Americaâs Guyana Enters The Oil Age
(Kevin Ramnarine, 18.Jul.2019) â In February 2017, I captioned an article about the Guyana-Suriname basin, The New North Sea, comparing ExxonMobilâs discoveries in Guyana to […]
SBM Offshore Awarded Contracts For ExxonMobil FPSO Liza Unity
(SBM, 10.May.2019) â SBM Offshore announced that Esso Exploration and Production Guyana Limited (EEPGL), an affiliate of Exxon Mobil Corporation, has confirmed the award of […]
ExxonMobil Announces 13th Discovery Offshore Guyana
(ExxonMobil, 18.Apr.2019) â ExxonMobil said it made a new oil discovery offshore Guyana at the Yellowtail-1 well, marking the 13th discovery on the Stabroek Block. […]
US Acknowledges Guyanaâs Right To Renegotiate Exxon Deal If It So Chooses
(Stabroek News, 10.Apr.2019) â The United States acknowledges that it is within Guyanaâs sovereign right to renegotiate the controversial Production Sharing Agreement (PSA)Â between the […]
ExxonMobil: Guyana Project Overview
(Exxon, 14.Feb.2019) â ExxonMobil initiated oil and gas exploration activities in Guyana in 2008, collecting and evaluating substantial 3-D seismic data that led to the […]
ExxonMobil Makes 10th Guyana Find; Raises Stabroek Estimate To 5 Bln Bbls
(ExxonMobil, 3.Dec.2018) â ExxonMobil said today it made its 10th discovery offshore Guyana and increased its estimate of the discovered recoverable resource for the Stabroek […]
Guyana Leader Cringes with Each Oil Discovery
(Kaieteur News, Abena Rockcliffe-Campbell, 31.Aug.2018) â Ordinary Guyanese who do not fully understand the fiscal regime of Guyanaâs deal with oil giant, ExxonMobil might get […]
ExxonMobil Adds Ninth Discovery Offshore Guyana
(ExxonMobil, 30.Aug.2018) â Irving, Texas-based ExxonMobil has made its ninth discovery offshore Guyana at the Hammerhead-1 well, marking its fifth discovery on the Stabroek Block […]