HOUSTON, TEXAS (By Pietro D. Pitts, Energy Analytics Institute, 31.Jul.2026, Words: 202) — ExxonMobil Holdings Corporation reported second quarter 2026 (2Q:26) earnings of $14.5bn and adjusted earnings of $14.7bn. Cash […]
Tag: Stabroek
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EAI brief: Chevron details 2025-2030 project activities from Angola to Guyana [info. graph]
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 […]
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 […]
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 […]
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) […]
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 […]
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 […]
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 […]
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.” […]
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 […]
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 […]
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 […]
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 […]
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 […]
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. […]
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 […]
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 […]
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 […]
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 […]
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 […]
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 […]
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 […]
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 […]
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 […]
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 […]
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 […]
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 […]
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 […]
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 […]
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 […]
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 – […]
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 […]
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 […]
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 […]
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 […]
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 […]
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 […]
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, […]
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 […]
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 […]
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 […]
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 […]
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 […]
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 […]
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 […]
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 […]
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 […]