![EAI brief: Chevron details 2025-2030 project activities from Angola to Guyana [info. graph]](https://energy-analytics-institute.org/wp-content/uploads/2025/08/IMG_1559.jpeg)
BATON ROUGE, LOUISIANA (By Pietro D. Pitts, Energy Analytics Institute, 25.Feb.2026, Words: 95) — Chevron Corporation eyes continued 2025-2030 major capital project activity from 2025-2030 spanning from Africa to South America and beyond. This, according to new details revealed to investors in a Feb. 2026 presentation.
Tag: Stabroek
ExxonMobil says 4th FPSO offshore Guyana related to Yellowtail arrives next week
HOUSTON, TEXAS (By Isaac Silvestre, Energy Analytics Institute, 1.Aug.2025, Words: 236) — ExxonMobil Corporation expects the arrival next week of its fourth floating production, storage and offloading (FPSO) vessel offshore Guyana, and this time for the Yellowtail development. Importantly, 4 more FPSOs are still planned by the end of 2030, […]
EAI brief: Stabroek Petroleum Agreement v. IFRS
PANAMA CITY, PANAMA (By Piero Stewart, Energy Analytics Institute, 24.Jul.2025, Words: 91) — The prolific Stabroek block offshore Guyana just welcomed in a new player: Chevron Corporation. This, after Chevron completed its acquisition of Hess Corporation. For newcomers following the nascent Guyana energy sector, the differences between the Stabroek Petroleum […]
Fact sheet: Guyana oil production offshore in 4Q:24 and projected for 2027 and 2030
PANAMA CITY, PANAMA (By Piero Stewart, Energy Analytics Institute, 20.Jul.2025, Words: 207) — Gross crude oil production offshore Guyana in the prolific Stabroek block averaged 652,000 barrels per day (b/d) in the fourth-quarter 2024 (4Q:24), according to block operator ExxonMobil Corporation Guyana Limited (EMGL). This production came from just the […]
EAI brief: arbitrators in Exxon v Hess fight reach decision on Chevron’s $53bn merger
PANAMA CITY, PANAMA (By Piero Stewart, Energy Analytics Institute, 3.Jul.2025, Words: 215) — Chevron Corporation seems 1 step closer to pushing its proposed $53bn acquisition of Hess Corporation across the finish line. This, as Guyana is set to over take OPEC‘s Venezuela in terms of oil production. RELATED: EAI brief: Venezuela […]
ONE GUYANA FPSO reaches Guyana, joins Destiny, Unity and Prosperity in Stabroek
PANAMA CITY, PANAMA (By Piero Stewart, Energy Analytics Institute, 16.Apr.2025, Words: 235) — The ONE GUYANA floating, production, storage and offloading (FPSO) unit, the fourth to operate in the prolific offshore Stabroek block, has reached Guyanese waters. The FPSO will join the Destiny, Unity and Prosperity FPSOs already producing in […]
ExxonMobil again accused by Delcy Rodríguez of stoking aggression against Venezuela
PANAMA CITY, PANAMA (Piero Stewart, Energy Analytics Institute, 5.Apr.2025, Words: 267) — Venezuela’s executive vice president and hydrocarbon minister Delcy Rodríguez strongly denounced what she called actions by ExxonMobil Corporation in neighboring Guyana, accusing the US energy giant of promoting wrongful actions to justify possible aggressions against Venezuela with support […]
TotalEnergies Says Gas Market to Remain in Tension in 2025
HOUSTON, TEXAS (Energy Analytics Institute, 5.Feb.2025) — TotalEnergies expects the gas market to remain tense in 2025 owing to “very limited expected capacity additions related to delays of some projects.” TotalEnergies expects its liquefied natural gas (LNG) sales to exceed 40 million tonnes (Mt) in 2025, up slightly compared to […]
Hess Reports Massive 52% Increase in Net Guyana Production
PANAMA CITY, PANAMA (Piero Stewart, Energy Analytics Institute, 29.Jan.2025) — Hess Corporation reported net oil production offshore Guyana in the Stabroek Block of 195,000 barrels per day (b/d) in the fourth-quarter 2024 (4Q:24), compared with 128,000 b/d in the 4Q:23. The higher production was primarily due to start-up of Payara, […]
Salunda Integrates Monitoring Solutions on 4 Rigs in Guyana
PANAMA CITY, PANAMA (Piero Stewart, Energy Analytics Institute, 23.Jan.2025) — UK-based Salunda, founded in 2013 and involved in providing digitized solutions for safety critical industries, integrated its Red Zone monitoring solutions on 4 drilling rigs in Guyana. The digitalized solutions utilize Intellilift’s proven digital technologies to deliver automated location and […]
Fact sheet: $30.25/bbl breakeven for first 4 Stabroek developments offshore Guyana
HOUSTON, TEXAS (By Pietro D. Pitts, Energy Analytics Institute, 9.Jan.2025, Words: 581) — Not even crude oil prices down to $35/bbl will impact the ability of 4 projects offshore Guyana to produce positive returns. To be more exact, the first 4 projects in the prolific Stabroek Block being developed by […]
EAI Andean NRG dashboard 4Q:24 [pdf download]
HOUSTON, TEXAS (By Editors at Energy Analytics Institute, 28.Dec.2024, Words: 60) — Energy Analytics Institute‘s Andean NRG Dashboard 4Q:24 with upstream, downstream, midstream, LNG, renewable, new energies and other updates from Colombia, Ecuador, Guyana, Peru, Suriname, Venezuela, Trinidad and Tobago and the Caribbean. ____________________ By Editors at Energy Analytics Institute. […]
ExxonMobil reveals 2030 corporate plan, eyes Capex of $27bn-$29bn in 2025
SPRING, TEXAS (ExxonMobil, 11.Dec.2024) — ExxonMobil announced its Corporate Plan to 2030, creating a platform to further extend the company’s track record of delivering leading shareholder value. The plan reflects the company’s strategy to leverage its unique set of competitive advantages and unrivaled opportunities to create significant upside potential for […]
SBM Offshore completes $1.5bn FPSO Jaguar financing
CARACAS, VENEZUELA (Piero Stewart, Energy Analytics Institute, 21.Nov.2024) — SBM Offshore completed the project financing of the floating production storage and offloading (FPSO) vessel Jaguar for a price of $1.5bn. The project financing was fully secured by a consortium of 16 international financial institutions, SBM said 21 Nov. 2024 in […]
Over 30 Cos Vie For Guyana Oil Trading Contract
(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 of interest for a contract to market the Guyanese government’s share of the country’s crude, the government said on Tuesday. […]
Guyana’s Burgeoning Oil Wealth Kindles Contract Row
(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 country’s first elections as an oil exporter. Opposition political parties vying to unseat the ruling coalition in 2 March parliamentary […]
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 from the Stabroek Block offshore Guyana. Production in Guyana commenced on December 20, last year, less than five years after […]
Guyana To Sell Share Of Oil Every 8 To 10 Days
(Guyana Standard, 29.Jul.2019) — Head of the Energy Department, Dr Mark Bynoe, disclosed today that Guyana’s share of the oil from the Stabroek Block will be sold every eight to 10 days via Free On Board (FOB). With FOB, the buyer would be responsible for purchasing and delivering it on […]
Could Emerging Oil State Guyana Become The Richest Nation In The World?
(Oilprice.com, Irina Slav, 12.May.2019) — A tiny South American country until recently known mostly as the location of one of the worst mass suicides in modern history is about to acquire a whole new reputation, and this reputation has to do with its oil wealth. Guyana, sandwiched between Venezuela and […]
Guyana’s Latest Discovery Similar To Nearby Liza, Hess Says
(Seeking Alpha, Carl Surran, 25.Apr.2019) — Hess says Guyana’s latest offshore deepwater discovery contains oily fluids similar to those of the initial Liza discovery, which is being readied for first production early next year. Yellowtail, the 13th discovery at Guyana’s deepwater Stabroek block by a partnership which also includes Exxon […]
Guyana Oil Output Could Surpass Venezuela, Mexico: WoodMac
(JWN, Deborah Jaremko, 5.Dec.2018) — Thanks to ExxonMobil’s run of success in oil exploration offshore Guyana, the country is on a path to becoming a Latin American powerhouse, Wood Mackenzie said on Tuesday. The supermajor announced its tenth Guyana discovery this week, increasing the discovered recoverable resource in its Stabroek […]
CGX And Frontera Announce Strategic JV Agreement In Guyana
(Frontera Energy Corporation, 4.Dec.2018) — CGX Energy Inc. and Frontera Energy Corporation entered into a letter agreement to enable CGX to finance the drilling costs related to two shallow water offshore blocks in Guyana, currently 100% owned and operated by a subsidiary of CGX. The agreement also provides financial support […]
In Guyana, Exxon Oil Project Stirs International Tensions
(Houston Chronicle, James Osborne, 2.Nov.2018) — Almost 4,000 feet beneath the surface of the Atlantic Ocean, off the northern coastline of South America, Exxon Mobil is drilling one of the biggest oil discoveries of the last decade, the so-called Stabroek Block with an estimated 4 billion barrels of crude. It […]
Hess, Exxon Mobil Prep For More Exploration Offshore Guyana
(Hart Energy, Velda Addison, Senior Editor, 31.Oct.2018) — Partners Exxon Mobil, Hess Corp. and CNOOC Nexen Petroleum are making progress toward development of the hydrocarbon bounty discovered offshore Guyana. “This month a second exploration vessel, the Noble Tom Madden, arrived to accelerate exploration and appraisal activities on the block starting […]
CNOOC Says Guyana Success ‘Laid Foundation For Future Development’
(Energy Analytics Institute, Jared Yamin, 27.Oct.2018) — China’s CNOOC Limited announced that success in Guyana has laid the foundation for future development. “Successful drilling of Longtail Structure and Hammerhead Structure at the Stabroek block in Guyana further enhanced the asset value and laid a high-quality resource foundation for future development,” […]
Let’s Use Guyana Oil Funds for Teachers
(Stabroek News, 6.Sep.2018) — 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 […]
How Will Guyana Deal With Its Oil Windfall?
(CNNMoney, Talib Visram, 4.Sep.2018) — The South American country with the smallest GDP is about to burst with oil. ExxonMobil found oil off Guyana’s coast in 2015, and believes the reserves are big. Conservative estimates project to about 4 billion barrels. Some experts think there’s more to be found in […]
Guyana Leader Cringes with Each Oil Discovery
(Kaieteur News, Abena Rockcliffe-Campbell, 31.Aug.2018) — Ordinary Guyanese who do not fully understand the fiscal regime of Guyana’s deal with oil giant, ExxonMobil might get excited each time a new discovery is made. On the other hand, Opposition Leader Bharrat Jagdeo indicates that he cringes. Yesterday, ExxonMobil announced another find […]
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 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. […]
Guyana’s ‘Astonishing’ Future
(Trinidad Express, David Renwick, 31.Jul.2018) – The US’s leading oil company, ExxonMobil, continues to make discovery after discovery in its Stabroek block offshore Guyana, the latest being Longtail 1 – its eighth so far. The company says this “creates the potential for additional resource development in the south east area […]
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 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 […]
Guyana’s Oil Reserves Are Larger Than Expected
(OilPrice.com, Julianne Geiger, 23.Jul.2018) – Guyana’s recoverable offshore oil reserves are larger than expected—by almost a billion barrels, Hess Corp CEO John Hess said in a Monday press release. Gross discovered recoverable resources for Hess’s Stabroek Block has been revised upward to 4 million barrels of oil equivalent—up from the […]
Offshore Guyana Oil and Gas Potential is “Massive”
(UPI, Daniel J. Graeber, 23.Jul.2018) – The size of a reservoir off the coast of Guyana is “massive,” the CEO of Hess Corp. said Monday after a multi-million barrel revision to reserve estimates. Hess and Exxon Mobil on Monday revised the estimate of recoverable reserves at the Stabroek block off […]
Guyana Pre-2020 Investment Boom
(Energy Analytics Institute, Piero Stewart, 6.Jul.2018) – Oil production will begin in 2020, and the boom in investment beforehand will continue to drive activity, writes Caribbean Economist Marla Dukharan in her “Caribbean Monthly Economic Report.” Guyana, located in the northeastern region of South America, is readying for an oil boom […]
ExxonMobil Announces 8th Find Offshore Guyana
(Energy Analytics Institute, Piero Stewart, 20.Jun.2018) – Irving, Texas-based Exxon Mobil Corporation’s good luck continues in Guyana. The oil giant announced it has made its eighth oil discovery offshore Guyana at the Longtail-1 well, creating the potential for additional resource development in the southeast area of the Stabroek Block, Exxon […]
Hess Acquires Interest in New Acreage Offshore Guyana
(World Oil, 30.Apr.2018) – Hess Corporation has announced that its subsidiary, Hess Guyana (Block B) Exploration Limited, had reached agreement with Esso Exploration and Production Guyana Limited (ExxonMobil) to acquire a 15% participating interest in the Kaieteur Block, offshore Guyana. The Cooperative Republic of Guyana has provided Hess and ExxonMobil […]
ExxonMobil Announces Seventh Oil Discovery Offshore Guyana
(Exxon Mobil, 28.Feb.2018) – Exxon Mobil Corporation announced its seventh oil discovery offshore Guyana, following drilling at the Pacora-1 exploration well. ExxonMobil encountered approximately 65 feet (20 meters) of high-quality, oil-bearing sandstone reservoir. The well was safely drilled to 18,363 feet (5,597 meters) depth in 6,781 feet (2,067 meters) of […]
Shell Made Mistake Pulling Out of Guyana basin
(CaribbeanLife, Bert Wilkinson, 31.Jan.2018) — Now that Guyana’s oil and gas basin has been deemed as one of the hottest and most exciting prospects in the world, Shell Oil has to be regretting its decision to withdraw as an investment partner with United States giant ExxonMobil, which has so far […]
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 Ranger-1 well discovery adds to previous world-class discoveries at Liza, Payara, Snoek, Liza Deep and Turbot, which are estimated to total more than 3.2 billion […]
ExxonMobil Announces Fifth Discovery Offshore Guyana
(Exxon Mobil, 5.Oct.2017) – Exxon Mobil Corporation announced it made a fifth new oil discovery after drilling the Turbot-1 well offshore Guyana. Turbot is ExxonMobil’s latest discovery to date in the country, adding to previous discoveries at Liza, Payara, Snoek and Liza Deep. Following completion of the Turbot-1 well, the […]
ExxonMobil Makes Final Decision Regarding Liza Development
(Exxon Mobil, 16.Jun.2017) – Exxon Mobil Corporation said it has made a final investment decision to proceed with the first phase of development for the Liza field, one of the largest oil discoveries of the past decade, located offshore Guyana. The company also announced positive results from the Liza-4 well, […]
ExxonMobil Announces New Oil Discovery Offshore Guyana
(Exxon Mobil, 30.Mar.2017) – Exxon Mobil Corporation announced positive results on the Snoek well offshore Guyana, confirming a new discovery on the Stabroek Block. Drilling targeted similar aged reservoirs as encountered in previous discoveries at Liza and Payara. “The latest discovery at Snoek demonstrates the continued success we have achieved […]
ExxonMobil Success in Guyana Continues
(Energy Analytics Institute, Piero Stewart, 16.Jan.2017) – ExxonMobil’s successful drilling streak continues in Guyana as the Irving, Texas-based company announced positive results from its second offshore well Payara-1, also located on the Stabroek Block. The well, located just 16 kilometers from the earlier game-changing Liza discovery, encountered over 29 meters […]
ExxonMobil Awards Key Contracts for Liza in Guyana
(Exxon Mobil, 20.Dec.2016) – Exxon Mobil Corporation subsidiary, Esso Exploration and Production Guyana Limited (EEPGL), announced that it has awarded contracts to SBM Offshore for a floating production, storage and offloading (FPSO) vessel, a key step in moving the Liza field toward first production. Under the contracts, SBM Offshore will […]
ExxonMobil Reports Significant Oil Discovery Offshore Guyana
(Exxon Mobil, 20.May.2016) – Exxon Mobil Corporation announced a significant oil discovery on the Stabroek Block, located approximately 120 miles offshore Guyana. The well was drilled by ExxonMobil affiliate, Esso Exploration and Production Guyana Ltd., and encountered more than 295 feet (90 meters) of high-quality oil-bearing sandstone reservoirs. It was […]
T&T Energy Ministry Supports Expansion into Guyana
(Piero Stewart, Special for Energy Now, 1.Jun.2015) – 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 […]