(ExxonMobil, 12.Apr.2024) — ExxonMobil has made a final investment decision for the Whiptail development offshore Guyana, after receiving the required government and regulatory approvals. Whiptail, the sixth project on the...
(Hess, 7.Mar.2024) — Today, ExxonMobil announced that it is filing for arbitration regarding the applicability of a right of first refusal (ROFR) / pre-emption provision in the Stabroek joint operating agreement....
(Reuters, 6.Mar.2024) — Exxon Mobil Corp on Wednesday said it filed a contract arbitration claim related to Hess Corp's proposed sale of its Guyana oil properties, and suggested it may counter...
(Reuters, 28.Feb.2024) — Exxon Mobil's surprise challenge to Chevron's acquisition of Hess through a dispute over a stake in a major Guyana oil field could prove fruitful for the U.S....
(Reuters, 28.Feb.2024) — Guyana's vice president Bharrat Jagdeo on Wednesday said the country will accept whatever is the result from discussions between Exxon Mobil Corp, Chevron Corp and Hess Corp regarding participation in...
(The New York Times, 27.Feb.2024) — America’s two largest energy companies, Exxon Mobil and Chevron, are jousting over a prized new source of oil in the waters off Guyana, in...
(Energy Analytics Institute, 26.Feb.2024) — Chevron Corporation believes that the $53bn merger with Hess Corporation presents the California-based energy giant with the opportunity to diversify its portfolio by acquiring Hess’ 30%...
(Bloomberg, 15.Feb.2024) — Guyana has undergone a huge transformation in the near decade since a massive oil discovery off its shores. That’s on full display at the Georgetown Marriott hotel. By sundown,...
(TotalEnergies, 7.Feb.2024) — TotalEnergies and its partners announce the start of production from the Akpo West field on the PML2 license in Nigeria. Located 135 kilometers off the coast, Akpo...
(Hess, 31.Jan.2024) — Hess Corporation (NYSE: HES) reported net income of $413mn, or $1.34 per share, in the fourth quarter of 2023, compared with net income of $497mn, or $1.61...
(Petrobras, 31.Dec.2023) — Petrobras put into production today the Sepetiba platform vessel, in the Mero field, Libra block, in the pre-salt Santos Basin. This is Mero's third production system, with the...
(WoodMac, 14.Dec.2023) — A total of 193 blocks were auctioned in Brazil’s December 13 oil and gas licensing round, 192 under concession and one under production sharing agreement, signaling strong...
(Petrobras, 13.Dec.2023) — Petrobras has acquired 29 blocks in the Pelotas basin in the 4th Permanent Concession Offer Cycle of the National Agency of Petroleum, Natural Gas and Biofuels (ANP). Petrobras...
(AP, 9.Dec.2023) — A century-old territorial dispute deepened by the discovery of oil is boiling over between neighbors Guyana and Venezuela. Steeped in patriotism, the Venezuelan government is seizing on the fight...
(Reuters, 13.Sep.2023) — Guyana has received offers for eight of 14 offshore oil and gas blocks in a bidding round, including from consortiums of oil majors like Exxon Mobil, Hess...
(Reuters, 23.Aug.2023) — Guyana has gained a larger share of Europe's oil market this year, vessel monitoring data showed, driven by rising output by a consortium led by Exxon Mobil (XOM.N) and strong...
(Reuters, 21.Aug.2023) — Exxon Mobil Corp (XOM.N) and partners plan to spend $12.93 billion to develop their sixth offshore oil project in Guyana, according to a filing published on Monday by the...
(CNOOC, 17.Aug.2023) — CNOOC Limited announces its 2023 interim results for the six months ended June 30, 2023. In the first half of the year, the company continued to pursue high-quality...
(Reuters, 26.Jun.2023) — Nascent oil producer Guyana is not interested in joining the Organization of the Petroleum Exporting Countries (OPEC), Guyanese Vice-President Bharrat Jagdeo said on Monday, as the South American country...
(Petrobras, 31.May.2023) — Petrobras started the production of the FPSO Almirante Barroso platform, in the Búzios field, with capacity to produce daily up to 150 thousand barrels of oil and 6 million...
(Hess, 27.Apr.2023) — Hess Corporation (NYSE: HES) has made a final investment decision to proceed with Uaru, the fifth development on the Stabroek Block, after receiving government and regulatory approvals....
(CNOOC, 6.Dec.2022) — CNOOC Limited (SEHK: 00883, SSE: 600938) announces today that Enping 15-1/10-2/15-2/20-4 oilfields joint development project has commenced production. Enping 15-1/10-2/15-2/20-4 oilfields are located in the Eastern South...
(Petrobras, 15.Aug.2022) — Petrobras informs that, as a result of the progress of the development project for the Búzios field, in the Santos Basin pre-salt area, it signed a contract...
(Hess, 3.Aug.2022) — Hess, ExxonMobil and CNOOC – co-venture partners on the Stabroek Block – recently finalized an agreement with the Government of Guyana for a Gas to Energy project....
(Forbes, 28.Jul.2022) — As the Biden administration focuses on its efforts to end new leasing and drilling for oil and gas in the Gulf of Mexico and other U.S. offshore...
(Hess, 26.Jul.2022) — Hess Corporation (NYSE: HES) today announced two new discoveries at the Seabob-1 and Kiru-Kiru-1 wells on the Stabroek Block offshore Guyana. The discoveries, which are the sixth and seventh...
(Reuters, 25.Jul.2022) — Guyana's government expects that an upcoming auction for oil and gas blocks will attract new companies to its energy industry, President Irfaan Ali said on Monday, following...
(Exxon, 27.Jun.2022) — ExxonMobil, Shell, CNOOC, and Guangdong Provincial Development & Reform Commission signed a Memorandum of Understanding to evaluate the potential for a world-scale carbon capture and storage project...
(Energy Analytics Institute, 22.Jun.2022) — The Liza Unity floating production storage and offloading vessel, where oil can be processed, stored and transferred to tankers, is the first in the world...
(FT.com, 2.May.2022) —The president of Guyana, the world’s fastest-growing economy, is inviting investors to back his ambitious vision to transform the small South American country into a regional health, education...
(Petrobras, 2.May.2022) — Petrobras informs that, on 30 April 2022, it started producing oil and natural gas through FPSO Guanabara, the first definitive production system installed in the Mero field,...
(Reuters, 13.Apr.2022) — China's top offshore oil and gas producer CNOOC Ltd. (0883.HK) is preparing to exit its operations in Britain, Canada and the United States, because of concerns in Beijing the...
(Energy Analytics Institute, 4.Apr.2022) — Energy briefs including ExxonMobil, Hess and CNOOC taking a final investment decision (FID) for their fourth development offshore Guyana called Yellowtail, cos.’ biggest yet w/...
(Venture Global, 20.Dec.2021) — Venture Global LNG and CNOOC Gas & Power Group Co., Ltd., a wholly owned subsidiary of China National Offshore Oil Corporation (CNOOC), announced the execution of a 20-year...
(Petrobras, 4.Oct.2021) — Petrobras, following up on the release disclosed on 29 September 2021, informs that the partner CNODC Brasil Petróleo e Gás Ltda. has not expressed interest in exercising...
(Hess, 28.Jul.2021) — Hess Corporation (NYSE: HES) announced a significant oil discovery on the Stabroek Block offshore Guyana at Whiptail. The Whiptail-1 well encountered 246 feet (75 meters) of net...
(Hess, 9.Jun.2021) — Hess Corporation (NYSE: HES) announced a discovery offshore Guyana at the Longtail-3 well on the Stabroek Block. Drilling at Longtail-3 encountered 230 feet (70 meters) of net...
(Stabroek News, 26.Apr.2021) — December 20th marked the one-year anniversary of oil being lifted from Guyana’s ocean floor. Who has benefitted the most from our oil? Is it the people...
(S&P Global, 23.Mar.2021) — 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...
(Hess, 27.Jan.2021) — Hess Corporation reported a net loss of $97mn, or $0.32 per common share, in the fourth quarter of 2020, compared with a net loss of $222mn, or...
(Energy Analytics Institute, 15.Jan.2021) — Texas-based ExxonMobil announced results of the Hassa-1 exploration well offshore Guyana in the Stabroek Block didn’t find hydrocarbons in the primary reservoir target. “The Hassa-1...
(Petrobras, 22.Dec.2020) — Petrobras confirmed oil of excellent quality with the drilling of well 9-BUZ-48D-RJS, located in the extreme northwest of Búzios field in the Santos Basin. The well is...
(Hess, 30.Sep.2020) — Hess made a final investment decision to proceed with development of the Payara Field offshore Guyana after the development plan received approval from the government of Guyana....
(Energy Analytics Institute, 1.Sep.2020) — Stena Drilling inked a new contract with Tullow Suriname BV for the Stena Forth drillship to drill one well offshore Suriname in Block-47. Block 47...
(Oilprice.com, 25.Aug.2020) — 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...
(Stabroek News, 13.Aug.2020) — On the heels of President Irfaan Ali’s announcement on Tuesday that the Payara project approval will have to wait on an international oil expert’s assessment and...
(Argus, 12.Aug.2020) — The Brazilian government's plan to sell state-owned pre-salt marketing company PPSA has stalled amid congressional foot-dragging over a change in pre-salt contract terms. Addressing reporters late yesterday,...
(Asharq Al-Awsat, 28.Jul.2020) — The Abu Dhabi National Oil Company, ADNOC, announced on Monday its agreement to the transfer of rights in its Lower Zakum and Umm Shaif and Nasr...
(Oilprice.com, 22.Jul.2020) — After a series of major offshore oil discoveries since 2015, with the largest ever made earlier this year, the tiny South American country of Guyana has become...
(Argus, 9.Jul.2020) — Changes are coming to the management and policy of Guyana's fledgling oil sector, after a regional court cleared the way for declaring a victory for the opposition...
(Argus, 9.Jun.2020) — Guyana's crude production has plunged by 65pc to 27,500 b/d from early May because of technical problems with compression equipment. "We do not know how long this...
(Petrobras, 11.May.2020) — Petrobras confirmed oil of excellent quality in the Southeast area of the Búzios field and greater potential in the pre-salt of the Albacora field. POÇO 9-BUZ-39DA-RJS Located...
(CNOOC, 29.Apr.2020) — CNOOC Limited announced its key operational statistics for the first quarter of 2020. The Company achieved a total net production of 131.5 million barrels of oil equivalent...
(Total, 23.Apr.2020) — Total and Tullow have entered into an Agreement, through which Total shall acquire Tullow’s entire interests in Uganda Lake Albert development project including the East African Crude...
(Reuters, 21.Apr.2020) — More than 30 companies, including commodities traders like Gunvor and Vitol as well as units of oil majors like Exxon Mobil and Royal Dutch Shell, submitted expressions...
(Oilprice.com, 6.Apr.2020) — 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...
(Reuters, 10.Feb.2020) — Guyana is aiming to complete talks with the Exxon Mobil Corp-led consortium producing oil off its coast over crude pricing, lifting costs, and scheduling before the government...
(NGI, 28.Jan.2020) — ExxonMobil, which rode the wave for worldwide exploration last year in part because of the prolific Guyana portfolio, announced another discovery offshore the South American country, where...
(ExxonMobil, 27.Jan.2020) — ExxonMobil has increased its estimated recoverable resource base in Guyana to more than 8 billion oil-equivalent barrels and made a further oil discovery northeast of the producing...
(Hess, 27.Jan.2020) — Hess announced another oil discovery offshore Guyana at the Uaru well, the 16th discovery on the Stabroek Block. The company also announced an increase in the estimated...
(CNOOC, 13.Jan.2020) — CNOOC Limited announced its business strategy and development plan for the year 2020. The company's targeted net production for 2020 is 520 million to 530 million barrels...
(The Motley Fool, John Bromels, 20.Nov.2019) — Oil is a big business with even bigger money attached. That's why governments that control oil assets are eager to auction them off...
(Bloomberg, Sabrina Valle, Peter Millard, and Luiza Ferraz, 6.Nov.2019) — Brazil’s largest-ever auction of oil deposits flopped, sending the real tumbling, after state-controlled Petroleo Brasileiro SA did most of the...
(WoodMac, 6.Nov.2019) — Brazil’s largest-ever auction of oil licences – the Transfer of Rights round – saw state-controlled Petrobras walk away with the biggest prizes, the Búzios and Itapu blocks....
(Chron.com, Jordan Blum, 30.Oct.2019) — Exxon Mobil and Hess Corp. said they are moving up the start date for first oil production in Guyana to December instead of the previous...
(Reuters, 30.Sep.2019) — Fourteen companies have been officially approved by Brazilian authorities to participate in an oil bidding round in November, in which total signing bonuses are expected to be the...
(Reuters, 19.Sep.2019) — U.S. and European diplomats on Thursday declared Guyana's government in breach of the country's constitution until new elections are held and called on Guyanese President David Granger...
(Argus, 2.Sep.2019) — Guyana received its first floating, production, storage and offloading unit (FPSO) Liza Destiny in anticipation of ExxonMobil's production launch in March 2020. Liza Destiny. Source: ExxonMobil The...
(Hess, 29.Aug.2019) — Hess Corporation announced that the Liza Destiny, Guyana’s first oil production vessel, has arrived at the Stabroek Block. Source: Exxon The Floating, Production, Storage and Offloading (FPSO)...
(CNOOC, 7.Jun.2019) — CNOOC Limited and CEPR Limited, a wholly-owned subsidiary of the company, entered into a Share Purchase Agreement with Joint Stock Company Novatek (JSC Novatek) and Ekropromstroy Limited...
(Oilprice.com, Irina Slav, 12.May.2019) — 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...
(Hess, 3.May.2019) — Hess Corporation today announced it has received regulatory approval from the government of Guyana and has made a final investment decision to proceed with the second phase...
(CNOOC, 11.Apr.2019) — China National Offshore Oil Corporation (CNOOC), the country's biggest offshore oil and gas producer, is proactive in facilitating the innovation of technology, management and business model, continuously...
(Energy Analytics Institute, Piero Stewart, 21.Dec.2018) — Heard on the street and LatAmNRG briefs on Argentina’s renewable energy sector, Maurel & Prom’s acquisition of Shell’s interest in the Urdaneta West...
(Ecopetrol, 21.Dec.2018) — Ecopetrol S.A. closed a deal with companies of the Shell and Chevron groups, which will allow it to expand its stake in Brazil’s Pre-Salt Region. The agreement...