Monday, February 6, 2023

Production

Despite multiple discoveries, no timeline yet for first oil in Suriname

Suriname’s Block 58 has churned out five discoveries in total, but operator TotalEnergies E&P Suriname B.V. is yet to make a Final Investment Decision (FID). Government officials expressed hope during the recently held Suriname Energy, Oil and Gas Conference (SEOGS) that this...

In 7 years: 2 massive oil production vessels, 6 drill ships, multiple supply boats

In just seven years Guyana has moved from a frontier area to South America’s hottest new oil province and emerging energy hub, all as a result of an unprecedented series of discoveries made by ExxonMobil off the country’s coast...

T&T intent on ramping up natural gas production to highest levels possible

While some international groups have advised that nations move swiftly towards the diversification of their energy mix with renewable resources taking the lead, Trinidad and Tobago’s Prime Minister, Dr. Keith Rowley, said his home country is taking a different...

Guyana-Suriname basin steals spotlight from Brazil – Rystad Energy

The Guyana-Suriname basin has overtaken Brazil’s pre-salt play as South America’s leading exploration hotspot, says Rystad Energy, an independent energy research and business intelligence company based in Norway. This latest feat, it said, can be credited mostly to ExxonMobil’s basin-opening...

Big volumes at 18,000 ft could see standalone FPSO for new Stabroek Block development

The Fangtooth discovery which was announced by ExxonMobil back in January 2022 holds enough oil deposits to underpin its own floating, production, storage and offloading (FPSO) vessel. This was disclosed by Hess Corporation which has a 30% working interest...

Production from first three Guyana projects could hit 624,000 bpd

ExxonMobil, operator of Guyana’s Stabroek Block, is well positioned to optimise its offshore projects, thereby delivering hundreds of millions in additional annual revenues. Liza Phase 2 and Payara, ExxonMobil’s second and third Stabroek Block projects, each have the capacity...

EPA renews ExxonMobil’s Liza-1 permit

The Environmental Protection Agency (EPA) has renewed ExxonMobil's environmental permit for the Liza Phase One project. It announced the official renewal on Tuesday evening. See below for the full statement: The Environmental Protection Agency (EPA) has renewed the Environmental Permit for...

Chevron sanctions new GoM project, will add up to 75,000 bpd

Chevron Corporation announced Tuesday it has sanctioned the Ballymore project in the deepwater U.S. Gulf of Mexico. The project, with a design capacity of 75,000 barrels of crude oil per day, will be developed as a three-mile subsea tieback...

Exxon eyes bigger production facilities, extending current projects – Darren Woods

Guyana’s prolific Stabroek Block holds an estimated 11 billion barrels of oil equivalent with only a fraction of the 6.6 million acres (26,800 square kilometers) explored by operator ExxonMobil and its partners Hess and CNOOC so far. More exploration activities are on the...

Hess aiming to lift 23 million barrels from Stabroek Block for remainder of 2022

Stabroek Block co-venturer, Hess, expects to lift some 23 million barrels of oil in the remaining quarters of the year, representing an increase in its initial output for 2022. John Rielly, Hess’ Chief Financial Officer made the disclosure to investors...

Latest News

Exxon cops OTC award for Liza developments offshore Guyana

The Offshore Technology Conference (OTC) presented ExxonMobil with the OTC Distinguished Achievement Award in recognition of its affiliate Esso...