(Hess, 27.Oct.2021) â At the Stabroek Block (Hess â 30%), the corporationâs net production from the Liza Field was 32,000 bopd in the third quarter of 2021 compared with 19,000 bopd in the prior year quarter. The Liza Unity FPSO, with an expected capacity of 220,000 gross bopd, arrived at […]
Tag: Esso Exploration and Production Guyana
NRGBriefs: Liza Unity FPSO Reaches Guyana
(Energy Analytics Institute, 27.Oct.2021) â Energy briefs including the Liza Unity FPSO reaching Guyanaâs prolific Stabroek Block; liquefied petroleum gas (LPG) reaching approximately 12mn users across Colombia; and more. LATIN AMERICA AND THE CARIBBEAN Brazil –Brazilâs ANP published the complete version of the Brazilian Statistical Yearbook of Petroleum, Natural Gas […]
Guyana â One Of The Worldâs Last Oil And Gas Frontiers
(The Geological Society of Trinidad, 21.Oct.2021) â ExxonMobil recently announced that their recoverable oil and gas resources in Guyana had reached an unbelievable ten billion barrels of oil equivalent. The first discovery was in 2015 and six years later Exxon and Guyana have achieved the unimaginable. Guyana accounts for 20 […]
Hess Boosts Resource Estimate for Stabroek Block
(Hess, 7.Oct.2021)Â â Hess Corporation (NYSE: HES) announced an increase in the gross discovered recoverable resource estimate for the Stabroek Block offshore Guyana to approximately 10 billion barrels of oil equivalent, up from the previous estimate of more than 9 billion barrels of oil equivalent. The updated resource estimate includes another […]
ExxonMobil Reports Discovery At Pinktail
(ExxonMobil, 9.Sep.2021) â ExxonMobil made a discovery at Pinktail in the Stabroek Block offshore Guyana. The Pinktail well encountered 220 feet (67 meters) of net pay in high quality hydrocarbon bearing sandstone reservoirs. In addition to successful appraisal of the Turbot discovery, the Turbot-2 well encountered 43 feet (13 meters) […]
Hess Reveals Oil Find At Pinktail, Offshore Guyana
(Hess, 9.Sep.2021) â Hess Corporation (NYSE: HES) announced another oil discovery on the Stabroek Block offshore Guyana at Pinktail. The Pinktail well encountered 220 feet (67 meters) of net pay in high quality oil bearing sandstone reservoir. Pinktail is located approximately 21.7 miles (35 kilometers) southeast of the Liza Phase […]
Partners Spud Sapote-1 Well In Canje Block
(Eco Atlantic, 31.Aug.2021) â Eco (Atlantic) Oil & Gas Ltd. (AIM: ECO, TSXâV: EOG) announced that the Sapote-1 well on the Canje Block, offshore Guyana has been spudded. Eco was officially informed today by its investee company, JHI Associates Inc., about the spudding of the well. The Sapote-1 well is […]
Guyana Creating New Authority For Oil Sector
(Argus, 12.Aug.2021) â Guyana plans to create a new authority by the end of 2021 to regulate its growing hydrocarbon revenues and allow orderly and transparent management and development of the sector, President Irfaan Ali said. The petroleum commission will also insulate the sector “from undue political interference” and remove […]
Oceaneering Inks Survey Deal With EEPGL
(Oceaneering, 10.Aug.2021) â Oceaneering International has been awarded a contract from Esso Exploration and Production Guyana Limited (EEPGL) to provide two surveys offshore Guyana. The contract award covers a towed and autonomous underwater vehicle (AUV) geophysical survey and a shallow geotechnical survey off the coast of Guyana. Oceaneering will use […]
ExxonMobil Reveals Oil Find at Whiptail
(ExxonMobil, 28.Jul.2021) â ExxonMobil said it made a discovery at Whiptail in the Stabroek Block offshore Guyana. The Whiptail-1 well encountered 246 feet (75 meters) of net pay in high quality oil bearing sandstone reservoirs. Drilling is also ongoing at the Whiptail-2 well, which has encountered 167 feet (51 meters) […]
Hess Reveals Oil Find At Whiptail-1
(Hess, 28.Jul.2021) â 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 pay in high quality oil bearing sandstone reservoirs. Drilling is also ongoing at the Whiptail-2 well, which is located 3 […]
Eco Atlantic Says Jabillo-1 Well Shows Non-commercial
(Eco Atlantic, 5.Jul.2021) â Eco (Atlantic) Oil & Gas Ltd. (AIM:ECO)(TSXâV:EOG) has received a detailed update from JHI Associates Inc. The Jabillo-1 well in the Canje Block, offshore Guyana, reached its planned target depth and was evaluated but did not show evidence of commercial hydrocarbons. Jabillo-1 will now be plugged […]
Eco Atlantic Reveals Investment In Guyana
(Eco Atlantic, 28.Jun.2021) â Eco (Atlantic) Oil & Gas Ltd. (AIM: ECO, TSXâV: EOG) closed a transaction with JHI Associates Inc., a private company incorporated in Ontario and headquartered in Toronto, Canada, for Eco to acquire up to a 10% interest in JHI (the ‘Transaction’) and to appoint Keith Hill, […]
Westmount Re-starts Drilling At Jabillo-1, Canje Block, Offshore Guyana
(Westmount Energy, 7.June.2021) â Westmount Energy Limited (UK AIM: WTE.L, USA OTCQB: WMELF) noted the announcement by the Maritime Administration Department, Guyana, that the Stena Carron drillship will re-commence exploration drilling operations at the Jabillo-1 wellsite on the Canje Block, offshore Guyana on the 5 June 2021. Jabillo-1 is the […]
Guyanese Citizens Challenge ExxonMobil Offshore Drilling On Climate Grounds
(The Guardian, 31.May.2021) â Guyanaâs government is being taken to court by two citizens seeking an end to offshore drilling by ExxonMobil and other large oil firms that will exacerbate the climate crisis. The case has been filed by Quadad de Freitas, a 21-year old Indigenous tourist guide from the […]
Hess eyes higher, new nameplate capacity at Liza Destiny FPSO
(Aaron Simonsky, Energy Analytics Institute, 26.May.2021, Words: 411) â The Liza Destiny floating production storage and offloading (FPSO) unit offshore Guyana in the Stabroek Block is expected to shutdown briefly in Nov. 2021 to install a new design flash gas compressor. Plans are to debottleneck or optimize the unit so […]
ExxonMobil Submits Application For Yellowtail Development Project
(Kaieteur News, 7.May.2021) â ExxonMobilâs subsidiary, Esso Exploration and Production Guyana Limited (EEPGL), has submitted an application to the Environmental Protection Agency (EPA) to undertake its fourth oil project, the Yellowtail Development Project, within the Stabroek Block offshore Guyana. According to the EPA, the proposed project will be implemented in […]
Exxon To Change Compressor Manufacturer On Liza Unity, Prosperity
(DPI, 3.May.2021) â Minister of Natural Resources, Hon. Vickram Bharrat said ExxonMobilâs local subsidiary, Esso Exploration and Production Guyana Limited (EEPGL), will switch the manufacturer of the compressor equipment it uses, to ensure there is no flaring during future projects. This Minister made this disclosure on the sidelines of the […]
Hess Finds Oil At Uaru-2, Offshore Guyana
(Hess, 27.Apr.2021) â Hess Corporation (NYSE: HES) today announced another oil discovery offshore Guyana at the Uaru-2 well on the Stabroek Block, which will add to the previously announced gross discovered recoverable resource estimate for the block of approximately 9 billion barrels of oil equivalent. Highlights: — Adds to previous […]
ExxonMobil Finds Oil At Uaru-2 Offshore Guyana
(ExxonMobil, 27.Apr.2021) â ExxonMobil made an oil discovery at the Uaru-2 well in the Stabroek Block offshore Guyana. Uaru-2 will add to the previously announced gross discovered recoverable resource estimate for the block, which is currently estimated to be approximately 9 billion oil-equivalent barrels. Drilling at Uaru-2 encountered approximately 120 […]
ExxonMobil Pleased With Uaru-2 Appraisal Well: Senior VP Michael Cousins Says
(Energy Analytics Institute, 27.Apr.2021) â ExxonMobilâs Senior Vice President Michael G. Cousins commented on the companyâs 19th oil find offshore Guyana in the prolific Stabroek Block. âIâm thrilled to share the news that ExxonMobil has encountered more reservoirs in our Uaru-2 appraisal well offshore Guyana. This represents continued success on […]
Hess To Market Guyana Oil
(Reuters, 9.Feb.2021) â U.S. oil producer Hess Corp has been selected to market two Guyana crude oil shipments as the emerging oil power seeks a permanent partner to handle its share of a major offshore oil find, the countryâs vice president said on Tuesday. The South American country has became […]
Hess Updates On Ops In The US, Guyana And Malaysia
(Hess, 27.Jan.2021) â Hess Corporation provided operational highlights from the fourth quarter of 2020 and its operations in the US Bakken, the US Gulf of Mexico, offshore Guyana and Malaysia. Bakken (Onshore U.S.): Net production from the Bakken increased to 189,000 boepd from 174,000 boepd in the prior-year quarter. Net […]
SBM Offshore Extends Lease For FPSO Espirito Santo
(SBM Offshore N.V., 23.Dec.2020) â SBM Offshore reports a contractual lease extension for FPSO Espirito Santo in Brazil and expects a potential increase in the lease duration for FPSOs in Guyana. SBM Offshore will present an updated pro-forma backlog, taking into account the most recent developments, along with its Full […]
Exxonâs To Plug Tanager-1 Well Offshore Guyana
(Westmount, 17.Nov.2020) â Westmount Energy Ltd., further to the announcement by Ratio Petroleum Energy Limited Partnership dated today, that the Tanager-1 well, offshore Guyana, has been reported as an oil discovery which is currently considered to be non-commercial as a stand-alone development. The Tanager-1 exploration well is the deepest well […]
Exxon Guyana Conducts Maintenance Operations
(Energy Analytics Institute, 11.Nov.2020) â ExxonMobil Guyana recently conducted maintenance on some oil spill response equipment located offshore the small South America country. âThis maintenance and training activity involved deploying some offshore boom that would be used in the event of a spill,â Exxon said 11 November 2020 in a […]
Hess CEO Eyes 10 FPSOs In The Stabroek Block
(Energy Analytics Institute, 29.Oct.2020) â Hess Corporation CEO John Hess announced estimated resources offshore Guyana in the Stabroek Block were approximately 9 billion barrels of oil equivalent, and potentially requiring 10 floating production storage and offloading (FPSO) units to develop them. âIncorporating the current assessment of additional volumes from the […]
Fact Box: History Of Esso Trading Name
(Energy Analytics Institute, 24.Oct.2020) â Esso is a trading name for Irving, Texas-based ExxonMobil and its related companies. The company started off as Standard Oil of New Jersey following the breakup of Standard Oil. In 1972, the name was largely replaced in the US by the Exxon brand after the […]
Payara Licence A Major Improvement On Liza 1
(DPI, 3.Oct.2020) â The new licence issued to Esso Exploration and Production Guyana Limited (EEPGL) for the development of its Payara well features significant new clauses missing from the Liza 1 well licence issued by the APNU+AFC. Vice President Dr. Bharrat Jadgeo on Friday said there were major improvements to the […]
Hess Corp. CEO John Hess Eyes Imminent Payara Deal
(Energy Analytics Institute, 9.Sep.2020) â Hess Corporation CEO John B. Hess is optimistic the Guyanese government of new President Mohamed Irfaan Ali will give approval in coming weeks for the companyâs Payara offshore development. âIn terms of our Payara development, our joint venture is in close communication with the government […]
Hess Finds More Oil At Redtail-1, Yellowtail-2
(Hess, 8.Sep.2020) â Hess announced another oil discovery offshore Guyana at the Redtail-1 well, the 18th discovery on the Stabroek Block, which will add to the previously announced gross discovered recoverable resource estimate for the block of more than 8 billion barrels of oil equivalent. Redtail-1 encountered approximately 232 feet (70 meters) of […]
UK’s Global Witness Urges Guyana Renegotiate Oil Deal
(Caribnews, 18.Aug.2020) â The United Kingdom-based, anti-corruption organization Global Witness yesterday called on the new Government here to immediately investigate and renegotiate the US-owned oil giant Exxonâs exploitative oil license to ensure the country has the funds needed to rebuild after divisive elections and a debilitating novel coronavirus pandemic. In […]
Intl Team To Undertake Payara Contract Review
(Guyana Ministry of Natural Resources, 15.Aug.2020) â The Ministry of Natural Resources recently announced the review of the Esso Exploration and Production Guyana Limitedâs (EEPGL) Payara contract and, in the interest of transparency and accountability, would like to highlight the following facts relating to the review. The current review has […]
Payara, Payara, Payara!
(Kaieteur News, 13.Aug.2020) â Payara will be proof and pave the way. Payara could be the first plank toward petroleum prosperity. That delay pending review is a constructive move. For its part, ExxonMobil is not wasting any time. It has gone on the offensive by delivering the first sorties from […]
Guyana Elects Mohamed Irfaan Ali President
(Energy Analytics Institute, 2.Aug.2020) â Guyanaâs Election Commission (GECOM) announced 2 August 2020 that Mohamed Irfaan Ali, the leading candidate from the Peopleâs Progressive Party/Civic (PPP/C) had won the countryâs president elections which took place on 2 March 2020. Ali beat out incumbent David Granger and his A Partnership for […]
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 will head to the polls on Monday in a crucial election that will decide which party oversees an oil boom that is expected to transform […]
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 development project located in the Stabroek block offshore Guyana at a water depth of around 2000 metres. The contract scope includes Subsea Structures, Risers and […]
Liza Destiny Arrives In Guyana
(Argus, 2.Sep.2019) â Guyana received its first floating, production, storage and offloading unit (FPSO) Liza Destiny in anticipation of ExxonMobil’s production launch in March 2020. The vessel is stationed at the deepwater Stabroek block where the US major will start the first phase of development from its Liza field at […]
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 discoveries in the Norwegian North Sea starting in 1969. When I wrote that article, ExxonMobil announced its success with the Payara-1 exploration well after two […]
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 Block to more than 5 billion oil-equivalent barrels. The resource estimate, up from the previous estimate of more than 4 billion oil-equivalent barrels, is a […]
Hess, Exxon Mobil Prep For More Exploration Offshore Guyana
(Hart Energy, Velda Addison, Senior Editor, 31.Oct.2018) â Partners Exxon Mobil, Hess Corp. and CNOOC Nexen Petroleum are making progress toward development of the hydrocarbon bounty discovered offshore Guyana. âThis month a second exploration vessel, the Noble Tom Madden, arrived to accelerate exploration and appraisal activities on the block starting […]
Guyana’s Jan Mangal Warns of Cash Payouts
(Stabroek News, 7.Sep.2018) â Former presidential advisor Jan Mangal has warned that while cash payouts from oil revenue may have an important role to play in the future, at this point it could be a distraction from the larger goal of clawing back wealth. His reference in a Facebook post […]
Letâs Use Guyana Oil Funds for Teachers
(Stabroek News, 6.Sep.2018) â Dear Editor: How could we have billions of barrels of oil in 2018 and not be able to pay our teachers a living wage? The value of having the requisite quality of well-paid and motivated teachers of the highest calibre will reverberate across this nation in […]
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 in the past year and proving a new play concept for potential development. Hammerhead-1 encountered approximately 197 feet (60 meters) of high-quality, oil-bearing sandstone reservoir. […]
ExxonMobil Raises Stabroek Block to More Than 4 Bln Bbls
(ExxonMobil, 23.Jul.2018 ) â ExxonMobil has increased its estimate of the discovered recoverable resources for the Stabroek Block offshore Guyana to more than 4 billion oil-equivalent barrels and has advanced its evaluation to support a third phase of development and consideration of two additional phases. The increase follows completion of […]
T&T Energy Ministry Supports Expansion into Guyana
(Piero Stewart, Special for Energy Now, 1.Jun.2015) â Trinidad and Tobago will seek to capitalise on energy projects in the region as part of broader push outside of the country’s borders, and especially into Guyana, which has recently announced a significant offshore oil discovery. Oil field service companies from Trinidad […]
Guyana Suggest Venezuela Desist Actions
(Guyana Foreign Affairs Ministry, 28.Feb.2015) â Guyana’s Ministry of Foreign Affairs wishes to inform that consequent upon a communication being sent from the Venezuelan Foreign Minister to the Country Manager of Esso Exploration and Production Guyana Limited objecting to the despatch of a rig to proceed with the exploration of […]