Hess To Market Guyana Oil
(Reuters, 9.Feb.2021) — 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...
Taiwan To Open Office In Guyana
(Energy Analytics Institute, 3.Feb.2021) — Taiwan announced plans to establish an office in emerging petro-state Guyana, according to details revealed by the US Embassy in Guyana. “Deepening ties between Guyana...
Hess Corp.’s 4Q:20 Earnings Call Transcript
(Seeking Alpha, 27.Jan.2021) — A full transcript of the Hess Corporation4Q 2020 earnings conference call from 27 January 2021 at 10:00 am ET follows here. Executives Jay Wilson - VP,...
Hess Announces 2021 E&P CAPEX Of $1.9bn
(Hess, 25.Jan.2021) — Hess today announced a 2021 Exploration & Production capital and exploratory budget of $1.9bn, of which more than 80% will be allocated to Guyana and the Bakken....
Guyana Gets Fourth Oil Lift
(Stabroek News, 28.Dec.2020) — At a price of close to US$49.50 per barrel of oil, Guyana has received its fourth one million barrels of oil scheduled for this year and...
Guyana Plans To Export 5-6 Crude Cargoes In 2021
(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,...
ExxonMobil Hits Guyana Oil Output Goal
(Argus, 21.Dec.2020) — ExxonMobil reached targeted crude production of 120,000 b/d at the Liza 1 well on Guyana's deepwater Stabroek block, a milestone that had been delayed by an earlier...
Gov’t Worked With Exxon For Maximum Production
(DPI, 20.Dec.2020) — The government of Guyana says it welcomes the announcement by US oil and gas company ExxonMobil that it has reached maximum production of 120,000 barrels of oil...
Bright Future For Suriname And Guyana
(Petroleum Economist, 2.Dec.2020) — Crumbling oil prices and volatile energy demand have tipped Latin America into a sharp recession, exacerbated by one of the world’s worst Covid-19 mortality rates. But...
Elliott Management Invests In Guyana Oil Explorer
(Reuters, 24.Nov.2020) — Activist hedge fund Elliott Management Corp has invested at least $30 million in Cataleya Energy, a small firm focused on oil exploration in Guyana, the world's newest...
Exxon’s To Plug Tanager-1 Well Offshore Guyana
(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...
Exxon Guyana Conducts Maintenance Operations
(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 Says Getting Better Oil Deal
(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...
Hess CEO Eyes 10 FPSOs In The Stabroek Block
(Energy Analytics Institute, 29.Oct.2020) — 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...
Quick Comparison: Liza 1 And Payara Developments
(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...
Payara Licence A Major Improvement On Liza 1
(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...
Payara Development More Expensive Than Liza Phase 2
(Energy Analytics Institute, 1.Oct.2020) — The recently sanctioned Payara development located offshore Guyana in the Stabroek Block will demand a hefty $9bn development cost due to requiring more drill centers...
ExxonMobil To Proceed With Payara Development
(Exxon, 30.Sep.2020) — ExxonMobil made its final investment decision to proceed with the Payara field offshore development in Guyana after receiving government approvals. Payara is the third project in the...
Exxon Eyes 10 Drill Centers For The Payara Development
(Energy Analytics Institute, 30.Sep.2020) — Exxon announced the Final Investment Decision (FID) was made to proceed with development offshore Guyana of the Payara field. The decision was taking by the...
Hess Corp. CEO John Hess Eyes Imminent Payara Deal
(Energy Analytics Institute, 9.Sep.2020) — 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...
Hess Finds More Oil At Redtail-1, Yellowtail-2
(Hess, 8.Sep.2020) — 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...
Exxon Limits Guyana Output Due To Gas Injection Issues
(Reuters, 21.Aug.2020) — Exxon Mobil Corp is limiting output at its flagship offshore project in Guyana to 100,000 barrels-per-day (bpd) due to more issues with the reinjection of natural gas,...
Guyana Planning For More Demands On ExxonMobil
(Forbes, 20.Aug.2020) — With the newly-elected People’s Progressive Party/Civic (PPP/C) government now firmly in place following five months of vote-counting controversy, Guyanese President Irfaan Ali and his Vice President, Bharrat...
UK’s Global Witness Urges Guyana Renegotiate Oil Deal
(Caribnews, 18.Aug.2020) — 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 Exxon’s exploitative oil license...
Former Alberta Premier To Head Payara Review
(CBC News, 16.Aug.2020) — Former Alberta Premier Alison Redford will head a team of consultants in a review of oil giant Exxon Mobil's proposed Payara oil well in the South...
Intl Team To Undertake Payara Contract Review
(Guyana Ministry of Natural Resources, 15.Aug.2020) — The Ministry of Natural Resources recently announced the review of the Esso Exploration and Production Guyana Limited’s (EEPGL) Payara contract and, in the...
Payara Approval Will Not Be Rushed: Bharrat Says
(Kaieteur News, 14.Aug.2020) — Even though the PPP/C government may be desirous of granting the approval for ExxonMobil’s third development project within a reasonable timeframe, it will not be rushing...
Payara, Payara, Payara!
(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 Could Clear ExxonMobil’s Payara Project
(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 Mulls Absorbing Energy Dept Into Ministry
(Argus, 10.Aug.2020) — Guyana's new natural resources minister is computer scientist Vickram Bharrat, a key appointment for the rapidly expanding oil sector. Bharrat, who is part of the administration of...
Guyana Elects Mohamed Irfaan Ali President
(Energy Analytics Institute, 2.Aug.2020) — Guyana’s Election Commission (GECOM) announced 2 August 2020 that Mohamed Irfaan Ali, the leading candidate from the People’s Progressive Party/Civic (PPP/C) had won the country’s...
Liza Unity Hull Arrives In Singapore
(Energy Analytics Institute, 15.Jul.2020) — The Liza Unity FPSO hull has arrived from China to the Keppel shipyard in Singapore where it will be fitted with 13 topside modules to...
Visa Curbs On Guyanese “Undermining Democracy”
(US Treasury, 15.Jul.2020) — On 2 March 2020 the Co-Operative Republic of Guyana held national elections, but it has still not declared a winner. All international observers of the vote...
Vote Standoff Prolongs Guyana Uncertainty
(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...
Exxon Restarts Drilling Off Guyana Amid Political Crisis
(Bloomberg, 10.Jul.2020) — Exxon Mobil Corp. resumed drilling in Guyana last month, underscoring its dedication to the offshore hot spot despite the oil price crash and a messy turn in...
ExxonMobil Restores Guyana Oil Production
(Argus, 18.Jun.2020) — ExxonMobil has restored crude production offshore Guyana to 80,000 b/d after correcting a technical glitch, according to the head of the country's environmental agency EPA Vincent Adams....
Exxon Reduces Guyana Crude Production
(Tudor Pickering, 16.Jun.2020) — Reports out last night that XOM was forced to reduce output at its Liza Phase 1 project in the Stabroek block offshore Guyana due to an...
Winds Shifting In Oil-rich Guyana, Suriname
(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...
Exxon Oil Output Falls On Gas Compressor Problem
(Stabroek News, 7.Jun.2020) — Production at Exxon-Mobil’s Liza-1 project in the Stabroek Block, offshore Guyana, has plummeted from 80,000 barrels per day (bpd) to now between 25,000 and 30,000 bpd...
Guyana With No Plans To Cut Oil Output Amid Price Drop
(Reuters, 4.May.2020) — Guyana has no plans to cut crude output despite a plunge in oil prices, the government’s top energy official said on Monday, adding that shutting down production...
Guyana Needs Protection From Selling Oil At A Loss
(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...
ExxonMobil Delays Some Guyana Oil Drilling
(Argus, 7.Apr.2020) — ExxonMobil is deferring some longer-term offshore drilling in Guyana as a result of capital spending cuts, "creating a potential delay in production start-up of six to 12...
Exxon Could Delay Third Guyana Project
(Reuters, 7.Apr.2020) — Exxon Mobil Corp said on Tuesday the start of production at its Payara project in Guyana, its third major development in the world's newest offshore oil hotspot,...
Guyana’s New Oil Economy Under Pressure
(Bloomberg, 24.Mar.2020) — When Exxon Mobil Corp. came to Guyana, the US oil giant brought with it the promise of extraordinary economic growth. Now the tiny South American country is...
Exxon, Guyana Head Toward Uncertain Future
(OilandGas360.com, 20.Mar.2020) — They are the odd couple of the global oil patch: Guyana is a poor former British sugar colony. Exxon Mobil is America’s largest oil company. They came...
Guyana Elects Leader As Vast Oil Boom Dawns
(AP, 4.Mar.2020) — Guyana voted for a new government on Monday in a bruising fight for control of a tiny South American country whose oil revenues in the next decade...
Guyana Holds Crucial March Election
(Aljazeera, 2.Mar.2020) — Guyana's economy is expected to be transformed by oil and gas discovered off the poor South American country’s shores. Voters in Guyana will head to the polls...
Guyana Aims To Agree To Oil Prices With Exxon
(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...
ExxonMobil Ups Guyana Recoverable Resources
(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...
Guyana – The World’s Newest Oil Producer
(IHSMarkit, 24.Jan2020) — In an environment of oil supply glut, a new player entered the scene. Guyana, a nation bordering Venezuela and Brazil - two countries with large oil reserves...
Guyana Searches For Firm To Trade Its Crude
(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...
Oil Tanker Arrives To Export Guyana’s First Oil Lift
(Jamaica Observer, 19.Jan.2020) — The Marshall Islands registered crude oil tanker, Yannis P , has arrived here as the country will soon lift the first one million barrels of crude...
Oil Boom Begins In Guyana
(Bloomberg, 23.Dec.2019) — Exxon Mobil Corp. and its partners produced the first commercial crude from Guyana, setting the small South American nation on a path to potentially vast flows of...
CNOOC Says Liza Field Offshore Starts Production
(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 Seeks Buyers For Govt’s Oil Output Share
(Reuters, 15.Dec.2019) — Guyana has invited companies interested in purchasing the first three deliveries of the government’s share of the country’s looming oil production to present bids this week, the...
ExxonMobil Plans 31-Well Program In Guyana
(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...
Oil Brightens Guyana’s Prospects
(CaribNews, Mellany P., 28.Nov.2019) — President David Granger said Wednesday that the emerging petroleum industry provides an “exciting economic and enterprising development” for Guyana and will enhance economic growth by...
Why ExxonMobil’s Guyana Success May Have Hurt Petrobras
(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...
Saipem Inks Subsea Contract In Guyana
(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...
Guyana Key Elections To Come Ahead Of First Oil
(Argus, 26.Sep.2019) ) — Guyana will hold parliamentary elections on 2 March 2020, around the time that ExxonMobil plans to launch offshore oil production that promises to transform the economy...
ExxonMobil Reports Tripeltail Find Offshore Guyana
(Exxon, 16.Sep.2019) — ExxonMobil made an oil discovery on the Stabroek Block offshore Guyana at the Tripletail-1 well in the Turbot area. The discovery adds to the previously announced estimated...
Building Guyana’s Destiny
(Exxon, 9.Sep.2019) — Finding the next big discovery is only a small part of the story when it comes to energy. Delivering that new energy source to those who need...
Liza Destiny FPSO Moves To Offshore Guyana
(Zacks, 30.Aug.2019 ) — Hess Corporation recently announced the arrival of Liza Destiny — an oil production vessel — at the Stabroek Block, offshore Guyana. Notably, this is Guyana’s first...
South America’s Guyana Enters The Oil Age
(Kevin Ramnarine, 18.Jul.2019) — In February 2017, I captioned an article about the Guyana-Suriname basin, The New North Sea, comparing ExxonMobil’s discoveries in Guyana to discoveries in the Norwegian North...
SBM Offshore Awarded Contracts For ExxonMobil FPSO Liza Unity
(SBM, 10.May.2019) — SBM Offshore announced that Esso Exploration and Production Guyana Limited (EEPGL), an affiliate of Exxon Mobil Corporation, has confirmed the award of contracts for the next phase...
ExxonMobil Announces 13th Discovery Offshore Guyana
(ExxonMobil, 18.Apr.2019) — ExxonMobil said it made a new oil discovery offshore Guyana at the Yellowtail-1 well, marking the 13th discovery on the Stabroek Block. The discovery adds to the...
US Acknowledges Guyana’s Right To Renegotiate Exxon Deal If It So Chooses
(Stabroek News, 10.Apr.2019) — The United States acknowledges that it is within Guyana’s sovereign right to renegotiate the controversial Production Sharing Agreement (PSA) between the country and ExxonMobil and its...
Political Shakeup In Oil-Rich Guyana
(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...
ExxonMobil: Guyana Project Overview
(Exxon, 14.Feb.2019) — ExxonMobil initiated oil and gas exploration activities in Guyana in 2008, collecting and evaluating substantial 3-D seismic data that led to the company safely drilling its first...
ExxonMobil Announces Two New Discoveries Offshore Guyana
(ExxonMobil, 6.Feb.2019) — The discoveries build on the previously announced estimated recoverable resource of more than 5 billion oil-equivalent barrels on the Stabroek block. Tilapia-1 is the fourth discovery in...
Is Guyana In Control Of Its ‘Oil Dorado’?
(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...
Venezuela Disputes Guyana’s Account Of Incident Involving ExxonMobil Ships
(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...
ExxonMobil Starts Drilling Haimara-1 Exploration Well Offshore Guyana
(ExxonMobil, 7.Jan.2019) — ExxonMobil has begun drilling the Haimara-1 exploration well offshore Guyana, the first of two planned wells in January. The Stena Carron drillship is drilling the well, which...
Venezuela: A Real Threat To Guyana’s Oil Boom
(Oilprice.com, Nick Cunningham, 27.Dec.2018) — Last Friday, the Guyanese government fell after a no-confidence vote, a move that likely was viewed as an opportune moment of weakness in Caracas. A...
ExxonMobil Issues Statement On Activities In Guyana
(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...