Head of Guyana’s Department of Energy Dr Mark Bynoe says the Local Content Policy development which was some time ago transferred to the Ministry of Business from the Ministry of Natural Resources is likely to be handed over to...
(Reuters) - Sometime in the next few weeks, global oil consumption will reach 100 million barrels per day (bpd) - more than twice what it was 50 years ago - and it shows no immediate sign of falling.
Despite overwhelming...
ExxonMobil Guyana's third drillship - the Noble Tom Madden - is set to arrive in the South American country in October. This vessel will focus primarily on exploration of high potential areas and will commence drilling at the ‘Pluma’ prospect approximately...
On August 30th Exxon announced the ninth discovery offshore Guyana at the Hammerhead-1 well, adding to the resource base of 4 billion barrels of oil equivalent found since the Liza discovery in 2015. Liza is expected to be onstream in...
(Reuters) - A prospect operated by Tullow Oil off Guyana contains an estimated 3 billion barrels of oil and gas, its partner Eco Atlantic said on Tuesday, as the two firms prepare to drill in the Latin American oil...
‘Unprecedented’ is the one word that sums up the remarkable string of oil discoveries which US supermajor ExxonMobil has been making off the Guyana coast since 2015. The company’s success rate for finding crude in an area five and...
ExxonMobil (NYSE:XOM) 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)...
ExxonMobil Guyana said on Friday that the company expended US$460M between 1999 and 2015 on a range of activities and interventions which led to the world-class Liza discovery, set to propel the South American country towards becoming a significant...
UK-based United Oil & Gas Plc said on Monday, August 13, that the fast track version of the recently acquired 3D seismic dataset over the Walton-Morant licence offshore Jamaica, has been delivered by the operator, Tullow Jamaica Ltd. Encouragingly,...
The more than 4 billion oil-equivalent barrels discovered to date in the Stabroek Block offshore Guyana is uniquely advantaged by its scale, reservoir quality, cost, rapid cash paybacks and superior financial returns.
John Hess, Chief Executive Officer of Hess Corporation...