ExxonMobil’s third development project in Guyana’s offshore Stabroek Block – Payara is almost complete and remains on track for its early 2023 start-up.
Hess’ Chief Executive Officer, John Hess said the project is around 93% complete.
It will take the Stabroek...
With Guyana’s natural gas reserves pegged at around 16 trillion cubic feet (Tcf), Chief Executive Officer (CEO) of Trinidad and Tobago’s Energy Chamber, Dr. Dax Driver believes that converting it to electricity is the “most logical” avenue at this...
ExxonMobil’s proposed Uaru development project is now estimated to cost US$12.683 billion (GY$2.638 trillion). This is stated in the Environmental Impact Assessment (EIA) for the project, compiled by Acorn International. The new cost reflects the impact of inflationary pressures...
Competition between frontier and early-stage producers has become more intense as exploration companies focus on fewer basins in response to budget discipline. Explorers are also keen on delivering rapid results to bring hydrocarbons to market as the energy transition...
S&P Global expects the Amatuk prospect in the Orinduik Block to be the exploration target of Tullow Oil in 2023. The analyst firm named Amatuk in its high impact well (HIW) drilling outlook for 2023, alongside CGX’s Wei-1 well...
Back in 2019, Westwood Global Energy Group put the resource estimate for ExxonMobil’s Tilapia-1 find in Guyana’s offshore Stabroek Block at 300 million barrels.
But new estimates by S&P Global Platts puts the estimate significantly higher.
S&P listed Tilapia-1 as holding...
The Guyana government published payments received in the Natural Resource Fund (NRF) in the final quarter of 2022 (October-December), revealing that the final profit oil lift sold in December returned US$83.808 million.
In December, US$207.6 million was also withdrawn as...
ODITC – the 3T EnerMech OPITO Training Centre of Excellence is planning to introduce a new course in collaboration with the Guyana government, on basic oil and gas safety training for Guyanese looking to pursue careers in the sector.
Alan...
ExxonMobil’s Fangtooth discovery is being targeted for the seventh development offshore Guyana at the prolific 6.6 million acres Stabroek Block. The magnitude of the reservoir is likely to facilitate a standalone Floating Production Storage and Offloading vessel.
This disclosure was...
By Cristina Caus and Jerry Haar - OilNOW
After years of resistance from rich governments, in November 2022 at the COP27 Summit in Egypt the principals finally agreed to set up a “loss and damage” fund to help developing nations...
