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CNOOC to take majority interest in West African petroleum licenses

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(Reuters) - Australian oil and gas explorer FAR Ltd, which holds a stake in licenses for oil drilling off the coast of West Africa’s Guinea-Bissau, said a unit of China National Offshore Oil Corp will take a majority stake...
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Exxon targeting Tripletail, Uaru, and Mako as oil hunt intensifies offshore Guyana

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With more than 6 billion barrels of oil already discovered off the Guyana coast, ExxonMobil is leaving no stone unturned in its quest to find more crude in the 6.6 million acres Stabroek Block. The US oil major is...
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6 billion barrels-plus estimate will climb when resources from multiple wells are finalized

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Resources from several wells are still to be finalized even as ExxonMobil and its co-venturers in Guyana up the estimate to 6 billion plus barrels of oil equivalent discovered so far in the South American country. “We've had three further...
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CGX moving to execute seismic survey on northern region of Corentyne block ahead of drill campaign

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CGX Energy said Friday that a resequencing of its work programme in the Corentyne block has been approved by means of an addendum to its Corentyne Petroleum Agreement by the Government of the Cooperative Republic of Guyana. CGX Resources...
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Exxon earns $3.1 billion in Q2 2019 as Liza 1 approaches start-up

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Exxon Mobil Corporation on Friday announced estimated second quarter 2019 earnings of $3.1 billion, or $0.73 per share assuming dilution, compared with $4 billion a year earlier. Earnings included a favorable identified item of about $500 million, or $0.12...
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Guyana seeking expert to review Payara development plan

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Authorities in Guyana have begun the process for hiring an expert to review the Field Development Plan (FDP) submitted by US oil major ExxonMobil for the 220,000 barrels per day Payara Development. “The Department of Energy (DE) has received the...
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Liza Phase 2 targeting 600 million barrels of oil

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ExxonMobil’s recently sanctioned Liza Phase 2 development offshore Guyana will be targeting 600 million barrels of oil when it gets underway in 2022. The US$6 billion Liza Phase 2 Development project was sanctioned in May and will have a total...
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ExxonMobil plugs millions into ‘job readiness programme’

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ExxonMobil Guyana has provided some 15 million GYD to SSYDR Inc. a not for profit organization, to roll out a job readiness programme in several communities across the country. Employment Attack 102 is a summer camp geared at preparing young...
Exploration

Liza development drilling, installation 70% complete

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Drilling of the development wells for the Liza Phase 1 project and installation of subsea equipment are 70 percent complete as the South American country of Guyana forges ahead to first oil now just months away. “Drilling of the Phase...
Exploration

Stabroek resources now exceed 6 billion barrels – Hess

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Gross resources at Guyana’s Stabroek Block now exceed 6 billion barrels of oil equivalent and potential for future multi-billion-barrel discoveries remain high. Speaking on its Q2 2019 earnings call on Wednesday, CEO of Hess corporation, John Hess, said the estimated...
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Decision reached in arbitration over Hess’ stake in Guyana’s Stabroek Block

A decision has been reached in the high-stakes arbitration between ExxonMobil and Hess Corporation over a prized oil asset...

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