Exxon Mobil Corp | Energy Analytics Institute (EAI)

Shell Joins Exxon With $1 Billion Brazil Exploration Setback

ENERGY ANALYTICS INSTITUTE (EAI)16 May 202218 May 2022

(Bloomberg, 16.May.2022) — Expensive offshore exploration setbacks for international oil majors including Shell Plc and Exxon Mobil Corp. are throwing cold water on their plans to turn Brazil into a...

Guyana Latin America and Caribbean

Hess Reveals Three New Finds Offshore Guyana, Boosts Resource Estimate

ENERGY ANALYTICS INSTITUTE (EAI)26 April 202227 April 2022

(Hess, 26.Apr.2022) — Hess Corporation (NYSE: HES) announced an increase in the gross discovered recoverable resource estimate for the Stabroek Block offshore Guyana to approximately 11 billion barrels of oil equivalent, up from...

Guyana Latin America and Caribbean

C2 Communications Partners With Excel Guyana

ENERGY ANALYTICS INSTITUTE (EAI)27 August 20211 September 2021

(C2 Communications, 27.Aug.2021) — C2 Communications, a national award-winning public relations and marketing firm, has partnered with Excel Guyana, Inc. to raise awareness of the diverse business growth opportunities, infrastructure improvements...

Guyana Latin America and Caribbean

Guyana Re-launches Search For Co. To Market Govt’s Oil

ENERGY ANALYTICS INSTITUTE (EAI)12 July 202125 July 2021

(Reuters, 12.Jul.2021) — Guyana is re-launching a search for a company to market the government’s share of crude oil produced off the South American country’s coast to make the tender...

Latin America and Caribbean Venezuela

Venezuela Oil Czar Says Output To Skyrocket, Sanctions Be Damned

ENERGY ANALYTICS INSTITUTE (EAI)21 June 202124 June 2021

(Bloomberg, 21.Jun.2021) — In Venezuela, waiting in line at a gas station -- sometimes for days -- has become so routine that it’s hard to imagine life without it. But...

Guyana Latin America and Caribbean

Hess Eyes Higher, New Nameplate Capacity At Liza Destiny FPSO

ENERGY ANALYTICS INSTITUTE (EAI)26 May 202131 May 2021

(Energy Analytics Institute, 26.May.2021) — The Liza Destiny floating production storage and offloading (FPSO) unit offshore Guyana in the Stabroek Block is expected to shutdown briefly in November 2021 to...

North America USA

Exxon Activist Wins Partial Glass Lewis Support In Board Fight

ENERGY ANALYTICS INSTITUTE (EAI)17 May 202118 May 2021

(Bloomberg, 17.May.2021) — The activist seeking to revamp the board of Exxon Mobil Corp. received a boost Monday with another prominent shareholder advisory firm recommending investors support two of its...

Guyana Latin America and Caribbean

Exxon To Restart Gas Compressor At Guyana Platform In June

ENERGY ANALYTICS INSTITUTE (EAI)14 May 202120 May 2021

(Reuters, 14.May.2021) — Exxon Mobil Corp said on Friday it will reinstall a gas compressor at its Liza Destiny platform off Guyana's coast in June, after an equipment failure last...

North America USA

U.S. Thirst For Russian Oil Hits Record High

ENERGY ANALYTICS INSTITUTE (EAI)24 March 20213 April 2021

(Bloomberg, 24.Mar.2021) — The oil tankers docking at the refinery in Baytown, Texas, look exactly like many others plying the waters of the Houston Ship Channel. But stashed inside their...

North America USA

Exxon Mobil Declares 1Q:21 Dividend

ENERGY ANALYTICS INSTITUTE (EAI)27 January 20212 February 2021

(Energy Analytics Institute, 27.Jan.2021) — Irving, Texas-based Exxon Mobil Corporation announced that its Board of Directors declared a cash dividend of $0.87 per share on the common stock. The dividend...

Latin America and Caribbean Suriname

Suriname Latest Big Oil Find As Industry Cuts Costs

ENERGY ANALYTICS INSTITUTE (EAI)20 January 202124 January 2021

(The New York Times, 20.Jan.2021) — The small South American country has become a hot prospect for oil companies looking to produce fossil fuels while spending less. The Atlantic waters...

Guyana Latin America and Caribbean

Guyana Plans To Export 5-6 Crude Cargoes In 2021

ENERGY ANALYTICS INSTITUTE (EAI)22 December 202024 December 2020

(Argus, 22.Dec.2020) — Guyana plans to export "five to six" 1mn bl cargoes of its crude entitlement from the deepwater Stabroek block in 2021 to offset lower-than-expected shipments in 2020,...

Latin America and Caribbean Suriname

Petronas Finds Hydrocarbon In Offshore Suriname

ENERGY ANALYTICS INSTITUTE (EAI)11 December 2020

(Petronas, 11.Dec.2020) — Petronas through its subsidiary, Petronas Suriname E&P B.V. (PSEPBV) made its first discovery of hydrocarbon in Suriname with the successful drilling of the Sloanea-1 exploration well located...

Guyana Latin America and Caribbean

Exxon’s To Plug Tanager-1 Well Offshore Guyana

ENERGY ANALYTICS INSTITUTE (EAI)17 November 202018 November 2020

(Westmount, 17.Nov.2020) — 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...

Guyana Latin America and Caribbean

Exxon Guyana Conducts Maintenance Operations

ENERGY ANALYTICS INSTITUTE (EAI)11 November 202026 November 2020

(Energy Analytics Institute, 11.Nov.2020) — ExxonMobil Guyana recently conducted maintenance on some oil spill response equipment located offshore the small South America country. “This maintenance and training activity involved deploying...

Guyana Latin America and Caribbean

Guyana Says Getting Better Oil Deal

ENERGY ANALYTICS INSTITUTE (EAI)10 November 202025 November 2020

(Energy Analytics Institute, 10.Nov.2020) — The government of Guyana, the newest petro-state in the Latin America and Caribbean region, announced it has made strides in extracting better benefits from oil...

North America USA

ExxonMobil To Reduce US Staff Levels

ENERGY ANALYTICS INSTITUTE (EAI)30 October 202030 October 2020

(Exxon, 30.Oct.2020) — As part of an extensive global review announced earlier this year, the company plans to reduce staffing levels in the United States, primarily at its management offices...

North America USA

Exxon Mobil Corporation Declares 4Q:20 Dividend

ENERGY ANALYTICS INSTITUTE (EAI)28 October 202030 October 2020

(Exxon, 28.Oct.2020) — The Board of Directors of Exxon Mobil Corporation declared a cash dividend of $0.87 per share on the Common Stock, payable on 10 December 2020 to shareholders...

Guyana Latin America and Caribbean

Quick Comparison: Liza 1 And Payara Developments

ENERGY ANALYTICS INSTITUTE (EAI)5 October 20206 October 2020

(Energy Analytics Institute, 5.Oct.2020) — Major differences in the licenses for the Liza Phase 1 and Payara developments offshore Guyana in the Stabroek Block as provided by Guyana’s Ministry of...

Argentina Latin America and Caribbean

Eleven Rigs Reactivated In The Vaca Muerta In Neuquén

ENERGY ANALYTICS INSTITUTE (EAI)3 October 20205 October 2020

(Energy Analytics Institute, 3.Oct.2020) — Argentina’s Neuquén Ministry of Energy data reveal 11 drilling rigs have been reactivated in the province, and all targeting the Vaca Muerta formation. Of the...

Latin America and Caribbean

Payara Licence A Major Improvement On Liza 1

ENERGY ANALYTICS INSTITUTE (EAI)3 October 20206 October 2020

(DPI, 3.Oct.2020) — 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...

Brazil Latin America and Caribbean

Petrobras Finds Oil At Campos Basin Well

ENERGY ANALYTICS INSTITUTE (EAI)23 September 202023 September 2020

(Petrobras, 23.Sep.2020) — Petrobras found the presence of hydrocarbons in the pioneer well of block C-M-657, located in the pre-salt of the Campos Basin. Well 1-BRSA-1376D-RJS (Naru) is located approximately...

Guyana Latin America and Caribbean

Stena Carron Arrives To Drill Tanager Prospect

ENERGY ANALYTICS INSTITUTE (EAI)15 September 202010 November 2020

(Energy Analytics Institute, 15.Sep.2020) — Ratio Guyana, an affiliate of Tel Aviv-based Ratio Petroleum, announced the arrival of the Stena Carron drillship to the Tanager prospect and the start of...

Latin America and Caribbean Venezuela

Rafael Ramirez: Venezuela Can Fix Its Own Oil Industry

ENERGY ANALYTICS INSTITUTE (EAI)8 September 202010 September 2020

(Argus, 8.Sep.2020) — Rafael Ramirez served as Venezuela's oil minister from 2002-2013 and concurrent chief executive of state-owned PdV from 2004-2013, a tumultuous period marked by an oil strike and...

Latin America and Caribbean Suriname

Big Oil Sees Major Potential In Suriname

ENERGY ANALYTICS INSTITUTE (EAI)7 September 20208 September 2020

(Oilprice.com, 7.Sep.2020) — Suriname is one of Latin America’s poorest countries. Up until July 2020, the former Dutch colony was mired in a political crisis that emerged from the hotly...

Guyana Latin America and Caribbean Suriname

Guyana And Suriname To Benefit From Joining Forces

ENERGY ANALYTICS INSTITUTE (EAI)24 August 202024 August 2020

(Energy Analytics Institute, 24.Aug.2020) — Neighboring Guyana and Suriname in South America have been well off investor’s radars until recently. The countries are now regular headlines due to offshore crude...

Guyana Latin America and Caribbean

Payara, Payara, Payara!

ENERGY ANALYTICS INSTITUTE (EAI)13 August 202014 August 2020

(Kaieteur News, 13.Aug.2020) — 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...

Guyana Latin America and Caribbean

Payara Permit Approval On Hold Until Expert Found

ENERGY ANALYTICS INSTITUTE (EAI)12 August 202013 August 2020

(Stabroek News, 12.Aug.2020) — In a key oil sector decision, President Irfaan Ali last evening said that his government is lobbying for technical and financial support to have an international...

Guyana Latin America and Caribbean

Guyana Could Clear ExxonMobil’s Payara Project

ENERGY ANALYTICS INSTITUTE (EAI)11 August 202013 August 2020

(Argus, 11.Aug.2020) — Guyana's new government will decide by the end of August whether to approve ExxonMobil's 220,000 b/d Payara project, natural resources minister Vickram Bharrat said. Payara is ExxonMobil's...

Guyana Latin America and Caribbean

Guyana Election Casts Shadow Over Oil Finds

ENERGY ANALYTICS INSTITUTE (EAI)1 August 20201 August 2020

(Forbes, 1.Aug.2020) — Hess Corp. reported more good news from its joint development of Guyana’s Stabroek Block with ExxonMobil and CNOOC on Thursday. The company announced that recently-completed appraisal drilling...

Guyana Latin America and Caribbean

Vote Standoff Prolongs Guyana Uncertainty

ENERGY ANALYTICS INSTITUTE (EAI)13 July 202014 July 2020

(Argus, 13.Jul.2020) — Guyana's political stalemate is prolonging uncertainty over the future management of the South American country's fledgling oil sector, and raising the prospect of US sanctions. The declaration...

Argentina Latin America and Caribbean

Argentina Puts Damper On Oil Demand, Production

ENERGY ANALYTICS INSTITUTE (EAI)26 June 20201 July 2020

(S&P Global Platts, 26.Jun.2020) — Argentina has extended a 99-day-old economic lockdown for three more weeks to try to contain a surge in coronavirus cases, including by tightening restrictions on...

Guyana Latin America and Caribbean

Guyana’s Crude Flow Drops On Technical Glitch

ENERGY ANALYTICS INSTITUTE (EAI)9 June 202015 June 2020

(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...

Guyana Latin America and Caribbean Suriname

Winds Shifting In Oil-rich Guyana, Suriname

ENERGY ANALYTICS INSTITUTE (EAI)8 June 20208 June 2020

(Argus, 8.Jun.2020) — Opposition parties pledging oil policy changes in Guyana and Suriname are close to taking power, but incumbents are signaling reluctance to step down. Guyana's opposition People's Progressive...

Guyana Latin America and Caribbean Suriname

Petronas Farms Down 50% In Block 52 To Exxon

ENERGY ANALYTICS INSTITUTE (EAI)19 May 202020 May 2020

(Petronas, 19.May.2020) — Petronas through its subsidiary, Petronas Suriname Exploration & Production B.V. (PSEPBV), has completed the farm-down of 50 per cent of its participating interest to ExxonMobil Exploration and...

Guyana Latin America and Caribbean

Over 30 Cos Vie For Guyana Oil Trading Contract

ENERGY ANALYTICS INSTITUTE (EAI)21 April 202025 April 2020

(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...

Guyana Latin America and Caribbean

Guyana Needs Protection From Selling Oil At A Loss

ENERGY ANALYTICS INSTITUTE (EAI)14 April 202016 April 2020

(Stabroek News, 14.Apr.2020) — Before we approve Payara and Hammer-head, let’s renegotiate the contract to include control of how much oil is being pumped given market conditions. Dear Editor, Many...

Brazil Latin America and Caribbean

Petrobras Finds Oil At Araucária Prospect

ENERGY ANALYTICS INSTITUTE (EAI)2 April 20207 April 2020

(Petrobras, 2.Apr.2020) — Petrobras informs that it has identified the presence of oil in the pioneer well of the Uirapuru block, located in the Santos Basin pre-salt. The pioneer well...

Guyana Latin America and Caribbean

As Guyana Elections Remain Up In The Air

ENERGY ANALYTICS INSTITUTE (EAI)8 March 20209 March 2020

(News America, 8.Mar.2020) — As tension continues in Guyana one week after its general elections and a top court upheld an injunction blocking the elections commission from proclaiming a winner...

Guyana Latin America and Caribbean

Guyana’s Burgeoning Oil Wealth Kindles Contract Row

ENERGY ANALYTICS INSTITUTE (EAI)30 January 202019 February 2020

(S&P Global Platts, 30.Jan.2020) — ExxonMobil's growing oil discoveries offshore Guyana are amplifying domestic calls for a review of production-sharing contract terms on the eve of the small South American...

Guyana Latin America and Caribbean

Hess Announces Oil Discovery At Uaru

ENERGY ANALYTICS INSTITUTE (EAI)27 January 202030 January 2020

(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...

Guyana Latin America and Caribbean

Guyana Searches For Firm To Trade Its Crude

ENERGY ANALYTICS INSTITUTE (EAI)23 January 202026 January 2020

(Reuters, 23.Jan.2020) — Guyana’s government next month plans to begin a search for an oil company or trading firm to market its share of the South American country’s crude, the...

Asia Guyana Latin America and Caribbean

CNOOC Says Liza Field Offshore Starts Production

ENERGY ANALYTICS INSTITUTE (EAI)20 December 20192 January 2020

(CNOOC, 20.Dec.2019) — CNOOC Limited announced 20 Dec. that Liza field offshore Guyana has safely commenced production ahead of schedule. Liza Phase 1 development project is located in the Stabroek...

Guyana Latin America and Caribbean

ExxonMobil Plans 31-Well Program In Guyana

ENERGY ANALYTICS INSTITUTE (EAI)6 December 201910 December 2019

(Zacks Equity Research, 6.Dec.2019) — Exxon Mobil Corporation is planning to commence a 31-well exploration campaign offshore Guyana, per Argus. The company has submitted requests to the Environmental Protection Agency...

Guyana Latin America and Caribbean

Why ExxonMobil’s Guyana Success May Have Hurt Petrobras

ENERGY ANALYTICS INSTITUTE (EAI)20 November 201927 November 2019

(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...

Europe Guyana Latin America and Caribbean

Saipem Inks Subsea Contract In Guyana

ENERGY ANALYTICS INSTITUTE (EAI)14 November 201917 November 2019

(Saipem, 14.Nov.2019) — 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...

Australia-Oceania Europe Latin America and Caribbean Venezuela

Rosneft Cool On Venezuela’s Sweeter Gas Terms, For Now

ENERGY ANALYTICS INSTITUTE (EAI)6 November 201910 November 2019

(Argus, 6.Nov.2019) — Venezuela is offering sweeter fiscal terms to Russia's state-controlled Rosneft for two offshore natural gas fields that are well-positioned to supply nearby Trinidad and Tobago, but the...

Brazil Latin America and Caribbean

Brazil’s $50bn Oil Boom Is Falling Apart

ENERGY ANALYTICS INSTITUTE (EAI)31 October 20193 November 2019

(Oilprice.com Julianne Geiger, 31.Oct.2019) — Exxon may not be interested in stepping up to the bidding plate at Brazil’s massive $50 billion transfer of rights auction next week, because the...

Africa Asia Australia-Oceania Brazil Europe Latin America and Caribbean North America USA

ANP 16th Round Attracts Record R$8.9bn Signings

ENERGY ANALYTICS INSTITUTE (EAI)10 October 201920 October 2019

(ANP, 10.Oct.2019) — The 16th Bidding Round collected R$ 8.9 billions in signature bonuses, a record value among the concession rounds already held in Brazil. The round will generate investments...

Latin America and Caribbean North America USA Venezuela

Exxon Mobil Bars Use Of Oil Tankers Linked To Venezuela

ENERGY ANALYTICS INSTITUTE (EAI)4 October 20198 October 2019

(Reuters, Jonathan Saul and Collin Eaton, 4.Oct.2019) — Exxon Mobil Corp this week banned the use of vessels linked to oil flows from Venezuela in the last year, according to...

Guyana Latin America and Caribbean

Guyana Must Learn To Use Its Riches

ENERGY ANALYTICS INSTITUTE (EAI)26 September 201929 September 2019

(Upstream, Gareth Chetwynd, 26.Sep.2019) — As development on Guyana’s Stabroek block continues apace, it is worth considering that the Liza development took form in an era when low oil prices...

Colombia Latin America and Caribbean

Four Colombia fracking Projects Could Attract $5bn In Yearly Investments

ENERGY ANALYTICS INSTITUTE (EAI)24 September 201929 September 2019

(Reuters, 24.Sep.2019) — Four fracking pilot projects in Colombia could bring in $5 billion annually in investment once they are in the production phase, industry leaders said on Tuesday, as...

Guyana Latin America and Caribbean

Hess Says Liza Destiny FPSO Arrives Offshore Guyana

ENERGY ANALYTICS INSTITUTE (EAI)29 August 201910 September 2019

(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)...

Latin America and Caribbean Suriname

Suriname Seeking Funds for Offshore Exploration

ENERGY ANALYTICS INSTITUTE (EAI)16 August 201910 July 2020

(Reuters, 16.Aug.2019) — Suriname's state-owned oil company is planning a bond sale next year to finance offshore oil exploration, its chief executive said on Thursday, as it seeks to capitalize...

Guyana Latin America and Caribbean

Guyana Find Progresses Amid Political Tensions

ENERGY ANALYTICS INSTITUTE (EAI)29 July 201912 August 2019

(Forbes, David Blackmon, 29.Jul.2019) — Nothing is ever easy or simple in the world of international offshore oil and gas development. That axiom is proving to be true for the...

Latin America and Caribbean Mexico North America USA

US’ Refineries Need Mexican Crude Oil

ENERGY ANALYTICS INSTITUTE (EAI)5 June 20195 June 2019

(CNN, Matt Egan, 5.Jun.2019) — The Trump administration's threatened tariffs on Mexico couldn't come at a worse time for America's oil refineries. Mexico is the No. 2 foreign source of...

Guyana Latin America and Caribbean

Hess Sanctions Liza Phase 2 Development Offshore Guyana

ENERGY ANALYTICS INSTITUTE (EAI)3 May 20196 May 2019

(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...

Asia

CNOOC Limited Announces Key 1Q:19 Operational Statistics

ENERGY ANALYTICS INSTITUTE (EAI)25 April 20191 May 2019

(CNOOC Ltd. 25Apr.2019) — CNOOC Limited announced its key operational statistics for the first quarter of 2019. The Company achieved a total net production of 120.1 million barrels of oil...

Argentina Asia

Qatar Petroleum Wins Exploration Rights In 5 Offshore Blocks In Argentina

ENERGY ANALYTICS INSTITUTE (EAI)16 April 201923 April 2019

(Qatar Petroleum, 16.Apr.2019) — Qatar Petroleum has won exploration rights in five offshore blocks in the North Argentina, and Malvinas West basins in Argentina. Mr. Saad Sherida Al-Kaabi. Source: Qatar...

Guyana Latin America and Caribbean North America USA Venezuela

Political Shakeup In Oil-Rich Guyana

ENERGY ANALYTICS INSTITUTE (EAI)27 March 201928 March 2019

(RT, 27.Mar.2019) — A political shakeup in oil-rich Guyana, which neighbors OPEC’s Venezuela, in South America. RT America’s Michele Greenstein joins Scottie Nell Hughes to explain how oil discoveries have...

Guyana Latin America and Caribbean North America USA

Eco Atlantic Updates Reserve Estimates Offshore Guyana

ENERGY ANALYTICS INSTITUTE (EAI)18 March 201929 March 2019

(Eco Atlantic, 18.Mar.2019) — Eco (Atlantic) Oil & Gas Ltd. announce that Gustavson Associates LLC of Boulder Colorado has completed and delivered an updated NI 51-101 compliant Competent Persons Report...

Africa Brazil Latin America and Caribbean

Why Billions Of Barrels Of Oil Go Untapped In Brazil

ENERGY ANALYTICS INSTITUTE (EAI)3 March 20194 March 2019

(Bloomberg, Peter Millard, 3.Mar.2019) — There’s enough as-yet-unassigned oil under the Atlantic Ocean off Brazil’s Rio de Janeiro to keep the entire world running for almost six months. So why...

Guyana Latin America and Caribbean North America USA

Exxon Getting EPA Approval For Liza Phase 2

ENERGY ANALYTICS INSTITUTE (EAI)24 February 201925 February 2019

(Stabroek News, Marcelle Thomas, 24.Feb.2019) — ExxonMobil is expected to receive its permit from the Environmental Protection Agency (EPA) this week for its Liza Phase 2 operations in the Stabroek...

Europe Latin America and Caribbean Mexico North America USA

Pemex Crude Output Lowest Since Records Began

ENERGY ANALYTICS INSTITUTE (EAI)23 February 201923 February 2019

(Reuters, 23.Feb.2019) — Mexico’s Pemex produced 1.62 million barrels of crude per day in January, less than any month in almost three decades, the state-owned oil company said on Friday,...

Africa Guyana Latin America and Caribbean

Guyana Hopes Oil Will Bring Wealth

ENERGY ANALYTICS INSTITUTE (EAI)21 February 201929 December 2020

(The Conversation, 21.Feb.2019) — When ExxonMobil begins oil production in Guyana next year, mining crude from its seven new deepwater wells, life may change dramatically in this small South American...

Africa Europe Guyana Latin America and Caribbean

Eco (Atlantic) Contracts Stena Forth To Drill Offshore Guyana

ENERGY ANALYTICS INSTITUTE (EAI)20 February 201920 February 2019

(Eco Oil & Gas, 20.Feb.2019) — Eco (Atlantic) Oil & Gas Ltd., along with its partners in the Orinduik Block, offshore Guyana, Total E&P Activités Pétrolières and Tullow Guyana B.V....

Asia Europe Guyana Latin America and Caribbean

The Surprising Next Oil Superpower: Guyana

ENERGY ANALYTICS INSTITUTE (EAI)8 February 20199 February 2019

(Axios, Steve LeVine, 8.Feb.2019) — On the coast of South America, just north of Brazil, lies the impoverished former British colony of Guyana, distantly remembered for a bizarre mass suicide...

Guyana Latin America and Caribbean North America Trinidad and Tobago USA

Esso Invites TT Firms To Sign Up

ENERGY ANALYTICS INSTITUTE (EAI)7 February 20199 February 2019

(Trinidad and Tobago Newsday, Richardson Dhalai, 7.Feb.2019) — TT energy companies are being encouraged to sign up for a chance to be a part of Guyana’s oil and gas exploration...

Guyana Latin America and Caribbean

Is Guyana In Control Of Its ‘Oil Dorado’?

ENERGY ANALYTICS INSTITUTE (EAI)28 January 201929 January 2019

(Stabroek News, Phil Miller, 28.Jan.2019) — Guyana’s High Commission in London threw open its doors on Thursday night to tell investors about the country’s newly discovered oilfields. Tellingly, the event...

Guyana Latin America and Caribbean North America USA Venezuela

Venezuela Disputes Guyana’s Account Of Incident Involving ExxonMobil Ships

ENERGY ANALYTICS INSTITUTE (EAI)11 January 201914 January 2019

(CMC, 11.Jan.2019) — Venezuela has disputed Guyana’s account of what Georgetown said was the dangerous incursion into local waters after a Norwegian ship hired by ExxonMobil was “intercepted” by a...

Guyana Latin America and Caribbean Venezuela

ExxonMobil Issues Statement On Activities In Guyana

ENERGY ANALYTICS INSTITUTE (EAI)26 December 201827 December 2018

(ExxonMobil, 26.Dec.2018) — ExxonMobil said today that drilling and development operations offshore Guyana are unaffected by an incident involving seismic acquisition vessels on Saturday. Two vessels operated by Petroleum Geo-Services...

Europe Guyana Latin America and Caribbean North America USA Venezuela

Venezuela Calls U.S. Comments On Guyana Dispute ‘Interventionist’

ENERGY ANALYTICS INSTITUTE (EAI)25 December 201827 December 2018

(Reuters, 25.Dec.2018) — Venezuela’s foreign ministry on Tuesday described as “interventionist and disrespectful” U.S. comments on a weekend incident in which the country’s navy stopped two ships exploring for oil...

Guyana Latin America and Caribbean North America USA

Hess Corporation Investor Day Highlights: Guyana (Select Slides)

ENERGY ANALYTICS INSTITUTE (EAI)12 December 201812 December 2018

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Guyana Latin America and Caribbean North America USA

Hess Sees Oil Output Driven By Bakken, Offshore Guyana Projects

ENERGY ANALYTICS INSTITUTE (EAI)12 December 201812 December 2018

(Reuters, 12.Dec.2018) — U.S. oil and gas producer Hess Corp. said Dec. 12 it expects output of barrels of oil equivalent to grow more than 10% per year compounded through...

Africa Europe Guyana Latin America and Caribbean

Tullow Oil Eyes Next Hot Spot, Gears Up For Guyana Probe

ENERGY ANALYTICS INSTITUTE (EAI)11 December 201813 December 2018

(Hart Energy, Velda Addison, 11.Dec.2018) — When it comes to navigating the intricacies of the unknown, Tullow Oil is considered an expert, particularly in Africa where it has discovered over...