Estimated read time 1 min read
Guyana Latin America and the Caribbean North America USA

Hess’ Guyana Developments and Low Breakeven Prices [PDF Download]

(Energy Analytics Institute, 5.Jan.2023) — Hess Corporation’s activities offshore Guyana in the Stabroek Block over the company exceptional reservoir quality and low development costs. The [more…]

Estimated read time 1 min read
Guyana Latin America and the Caribbean

Hess Boosts Resource Estimate for Stabroek Block

(Hess, 7.Oct.2021) — Hess Corporation (NYSE: HES) announced an increase in the gross discovered recoverable resource estimate for the Stabroek Block offshore Guyana to approximately 10 [more…]

Estimated read time 4 min read
Argentina Chile Guyana Latin America and the Caribbean Mexico Venezuela

LatAm Briefs: Payara Progressing, Inpex Divestment In Venezuela

(Energy Analytics Institute, 2.Sep.2021) — Energy briefs from the Latin America and Caribbean region including: ExxonMobil progressing its Payara project in Guyana for start-up in [more…]

Estimated read time 2 min read
Guyana Latin America and the Caribbean Suriname

Eco Atlantic Confident In Guyana Despite Jabillo-1 Setback

(ProActive, 5.Jul.2021) — Eco Atlantic Oil & Gas Ltd (LON:ECO, TSE:EOG) chief executive Gil Holzman remains confident in the Canje block, offshore Guyana, where Exxon [more…]

Estimated read time 4 min read
Guyana Latin America and the Caribbean

Guyanese Citizens Challenge ExxonMobil Offshore Drilling On Climate Grounds

(The Guardian, 31.May.2021) — Guyana’s government is being taken to court by two citizens seeking an end to offshore drilling by ExxonMobil and other large [more…]

Estimated read time 3 min read
Guyana Latin America and the Caribbean

ExxonMobil Finds Oil At Uaru-2 Offshore Guyana

(ExxonMobil, 27.Apr.2021) — ExxonMobil made an oil discovery at the Uaru-2 well in the Stabroek Block offshore Guyana. Uaru-2 will add to the previously announced [more…]

Estimated read time 1 min read
Guyana Latin America and the Caribbean

ExxonMobil Pleased With Uaru-2 Appraisal Well: Senior VP Michael Cousins Says

(Energy Analytics Institute, 27.Apr.2021) — ExxonMobil’s Senior Vice President Michael G. Cousins commented on the company’s 19th oil find offshore Guyana in the prolific Stabroek [more…]

Estimated read time 2 min read
Guyana Latin America and the Caribbean

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 [more…]

Estimated read time 2 min read
Guyana Latin America and the Caribbean

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 [more…]

Estimated read time 2 min read
Guyana Latin America and the Caribbean

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 [more…]

Estimated read time 1 min read
Guyana Latin America and the Caribbean

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 [more…]

Estimated read time 10 min read
Guyana Latin America and the Caribbean

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 [more…]

Estimated read time 5 min read
Guyana Latin America and the Caribbean

Statement From Guyana’s DOE Director Mark Bynoe

(DOE, 4.May.2020) — Good morning ladies and gentlemen I am coming to you at a very interesting time in our country’s history given the furore [more…]

Estimated read time 2 min read
Guyana Latin America and the Caribbean

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 [more…]

Estimated read time 2 min read
Guyana Latin America and the Caribbean

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 [more…]

Estimated read time 5 min read
Guyana Latin America and the Caribbean

Political Battle Could Jeopardize Oil Boom

(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. [more…]

Estimated read time 3 min read
Guyana Latin America and the Caribbean

ExxonMobil Tallies 16th Find Offshore Guyana

(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 [more…]

Estimated read time 2 min read
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…]

Estimated read time 2 min read
Guyana Latin America and the Caribbean

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 [more…]

Asia Guyana Latin America and the Caribbean

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. [more…]

Guyana Latin America and the Caribbean

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 [more…]

Africa Guyana Latin America and the Caribbean

Eco Reports Mobilization Of Stena Forth Drillship To Orinduik Block, Guyana

(Eco Atlantic, 10.Jun.2019) — Eco (Atlantic) Oil & Gas Ltd. announced mobilisation of the Stena Forth drillship which is now en route to Guyana from [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 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. [more…]

Guyana Latin America and the Caribbean North America USA Venezuela

Chevron To Gain Anadarko’s Offshore Guyana Oil Assets After Takeover

(Stabroek News, 14.Apr.2019) — Guyana could see oil exploration activity in the ultra-deepwater region picking up pace in the near future with United States oil [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…]