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Why is finding oil outside of Stabroek block proving to be so challenging?

OilNOW -
U.S. oil major ExxonMobil hit pay on the very first well it drilled on the 6.6 million acres Stabroek block in 2015 and has maintained a success rate of around 80 percent ever since. But all efforts to find...
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Guyana heavy lift waterfront capability boosted as GYSBI commissions brand new crane

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The Guyana Shore Base Inc. commissioned a brand-new Manitowoc crane just a week ago at its Houston-based facility on the outskirts of Georgetown, significantly enhancing the country’s waterfront heavy lifting capabilities. “This 350MT animal, with a 315 ft (96 m)...
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Competitively priced Liza crude could become new supply source for India, says adviser

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Guyana’s medium sweet Liza crude could become a new source of supply for India in coming years provided that it is competitively priced. "India has been diversifying its crude imports, including taking substantial volumes from the U.S. in recent months,”...
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Oil prices jump higher as OPEC+ abandons talks on output levels

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(Reuters) - Oil prices rose on Monday, driven higher after OPEC+ nations called off talks on output levels, meaning no deal to boost production has been agreed. Brent was up 94 cents, or 1.2%, at $77.11 a barrel by 1652...
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No commercial oil at Jabillo-1, Sapote is next target

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Westmount Energy Ltd., said on Monday it has been informed by JHI Associates Inc. that the Jabillo-1 well on the Canje block reached target depth without encountering commercial hydrocarbons. Westmount said project operator ExxonMobil will now switch attention to the...
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1 million barrels of Guyanese oil en route to India’s Paradip refinery

OilNOW -
Indian Oil Corporation Ltd. (IOC) has become the first Indian PSU refiner to buy a tanker load of Liza Crude from Guyana. One million barrels of oil from the South American country is now en route to India as...
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Public meetings kick off this week for US$900 million gas-to-energy project

OilNOW -
ExxonMobil will begin holding a series of public meetings in Guyana this week for the US$900 million gas-to-energy project for which it has submitted an application to the Environmental Protection Agency (EPA) seeking authorisation for construction of onshore and...
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Diplomat calls on more U.S. companies to set up shop in ‘land of many waters’

OilNOW -
United States Ambassador to Guyana, Sarah-Ann Lynch is urging internationally recognized American companies to set up shop in Guyana. She made the comment during the sod turning ceremony for a new Courtyard by Marriott in the compound of the Cheddi...
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Guyana EPA says it can ramp up US$30 flaring payment if necessary

OilNOW -
In the event that Stabroek Block operator ExxonMobil exceeds the 60-day limit for flaring during start-up as set out by the Environmental Protection Agency (EPA), the company can see itself paying more than the recently implemented US$30 flaring charge. Pursuant...
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Two major projects in queue off South America’s hottest new basin

OilNOW -
For the last decade no other frontier in the world has delivered the mega discoveries being made in the Guyana-Suriname Basin and from all indications, this is only the beginning. Experts say the basin contains over 20 billion barrels...
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Ali: Fighting transnational crime vital, protecting sovereignty is Guyana’s business

Guyana's President, Dr. Irfaan Ali made it clear today that protecting his country's sovereignty remains a top priority. The...

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