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Guyana Latin America and the Caribbean

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 [more…]

Guyana Latin America and the Caribbean

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 [more…]

Guyana Latin America and the Caribbean

ExxonMobil Makes 10th Guyana Find; Raises Stabroek Estimate To 5 Bln Bbls

(ExxonMobil, 3.Dec.2018) — ExxonMobil said today it made its 10th discovery offshore Guyana and increased its estimate of the discovered recoverable resource for the Stabroek [more…]

Guyana Latin America and the Caribbean Venezuela

Guyana: The World’s Next Offshore Oil Hotspot

(Oilprice.com, Tsvetana Paraskova, 23.Oct.2018) — With population of fewer than 750,000 people, Guyana—a neighbor of Venezuela—has always depended on commodities. Sugar, gold, shrimp, timber, bauxite, [more…]

Guyana Latin America and the Caribbean

ExxonMobil Adds Ninth Discovery Offshore Guyana

(ExxonMobil, 30.Aug.2018) — Irving, Texas-based ExxonMobil has made its ninth discovery offshore Guyana at the Hammerhead-1 well, marking its fifth discovery on the Stabroek Block [more…]

Guyana Latin America and the Caribbean

ExxonMobil Raises Stabroek Block to More Than 4 Bln Bbls

(ExxonMobil, 23.Jul.2018 ) – ExxonMobil has increased its estimate of the discovered recoverable resources for the Stabroek Block offshore Guyana to more than 4 billion [more…]

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Favorable Terms To Help Guyana Prove Potential

(Rystad, 19.Apr.2018) — Rystad Energy analysis shows that Guyana’s fiscal regime is favorable to oil companies when compared to mature oil and gas development countries [more…]

Guyana Latin America and the Caribbean USA

ExxonMobil Announces Sixth Oil Discovery Offshore Guyana

(Exxon Mobil, 5.Jan.2018) – Exxon Mobil Corporation announced positive results from its Ranger-1 exploration well, marking ExxonMobil’s sixth oil discovery offshore Guyana since 2015. The [more…]

Guyana Latin America and the Caribbean Suriname Trinidad and Tobago Venezuela

The Caribbean Poised To Become Major Oil Region

(OilPrice.com, Haley Zaremba, 22.Aug.2017) – In the future, we may be hearing about the Caribbean a whole lot more when talking about oil and gas. [more…]