ExxonMobil’s recent oil discovery at the Ranger-1 reservoir offshore Guyana is particularly significant because it demonstrates that potentially significant commercial quantities of crude is contained in a different type of play on the Stabroek Block.
The estimated total 3.2 billion...
Exxon Mobil Corporation announced on Friday its estimated 2017 earnings of $19.7 billion, or $4.63 per share assuming dilution, compared with $7.8 billion in 2016. U.S. federal tax reform in the fourth quarter resulted in a non-cash earnings gain of $5.9 billion,...
Chevron Corporation (NYSE:CVX) has made a significant oil discovery at the Ballymore prospect in the deepwater U.S. Gulf of Mexico.
Ballymore is located in the Mississippi Canyon area of the U.S. Gulf of Mexico, approximately three miles from Chevron’s Blind...
Guyana’s Minister with responsibility for the petroleum sector says the recently announced decision of the United Nation’s Secretary General, Antonio Guterres, to refer the decades old border controversy with Venezuela to the International Court of Justice (ICJ) is the...
Energy giant BP has announced two new North Sea oil and gas discoveries.
Tests have been carried out to discover how much oil and gas is present, with the data currently "under evaluation".
The finds - in the Capercaillie and Achmelvich...
Hess Corporation (NYSE:HES) today announced its 2018 E&P capital and exploratory budget will be $2.1 billion, the same as 2017. The 2018 budget allocates increased capital for continuing exploration and development activities offshore Guyana and for the Bakken, which includes growing the rig...
Guyana’s Head of State, President David Granger has hailed the decision to refer the controversy arising out of the claim by the Bolivarian Republic of Venezuela to Guyana’s territory, to the International Court of Justice (ICJ).
United Nation’s (UN) Secretary...
A bitter border controversy between oil giant Venezuela and its eastern neighbour, Guyana, has been referred to the International Court of Justice (ICJ) by United Nation’s Secretary General, Antonio Guterres.
The development obtains since the two countries were unable to...
Monthly oil production in the South American country of Guyana could top the 10 million barrel mark by 2022 with the coming on stream of a second phase of development in the prolific Liza field located approximately 120 miles...
The Guyana Government is looking to put systems in place for the country’s oil and gas industry which could stretch well into the next half century. As such, serious consideration is being given to the establishment of an onshore...