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Stabroek Block discoveries in a ‘safe and advantaged’ position but don’t delay developing resources – urges WoodMac analyst

OilNOW -
When one takes into consideration the impact of the COVID-19 pandemic on global demand for oil as well as increasing calls for a shift to renewable sources of energy, many industry stakeholders have been moved to question whether the...
News

Survey to evaluate seabed conditions at Stabroek block wraps up

OilNOW -
Ocean Infinity said on Thursday it has successfully completed a project for ExxonMobil offshore Guyana which served to identify and evaluate seabed conditions at the prolific Stabroek block. The project involved acquiring high-resolution geophysical and geotechnical data through the simultaneous...
News

Striking balance between climate, energy literacy is key – Stabroek Block co-venturer

OilNOW -
Signatories to the Paris Agreement are expected to significantly reduce greenhouse gas emissions so that global temperatures can be kept below two degrees celsius by 2040 through to 2050. But the latest forecast of the International Energy Agency (IEA)...
News

Oil production ramps up at Stabroek Block as gas reinjection system comes back online

OilNOW -
Two of the three gas handling systems are back online at the Liza Destiny FPSO resulting in a reduction in flaring and a gradual ramp up in oil production. In a comment to OilNOW on Tuesday, ExxonMobil Guyana Public and...
Exploration

ExxonMobil back to full drill capacity at Guyana’s Stabroek Block

OilNOW -
Following a slowdown in drill operations offshore Guyana due to COVID-19 related measures, ExxonMobil is now back to full drill capacity at the 6.6 million acres Stabroek Block where it has so far discovered more than 8 billion barrels...
Exploration

Exploration acreage totalling almost 4 times the size of Stabroek Block up for grabs

OilNOW -
Oil and gas companies currently have assets for sale around the world with recoverable reserves of more than 5 billion barrels of liquids and 7.5 billion barrels of oil equivalent (boe) of natural gas, Rystad Energy estimates.  While some...
Exploration

Stabroek Block: Discovery Highlights

OilNOW -
ExxonMobil initiated oil and gas exploration activities in Guyana in 2008, collecting and evaluating 3-D seismic data that led to the company safely drilling its first exploration well in 2015. The 6.6 million acres (26,800 square kilometers) Stabroek Block is located...
News

Exxon prioritizing development wells at Stabroek Block in coming months – Deedra Moe

OilNOW -
US oil major ExxonMobil will be focusing heavily on development drilling at the Stabroek Block offshore Guyana in the coming months. The company has been working to ensure the safety and health of its employees and the crews working offshore...
News

Credit Suisse sees 9 development phases at Stabroek Block with production ballooning to more than 1 million bpd

OilNOW -
Zürich-based investment bank Credit Suisse sees potential at Guyana’s Stabroek Block for 9 development phases that would push production well above 1 million barrels of oil per day and expects the resource estimate on the block to further increase...
News

Stabroek Block operations could be affected due to COVID-19 disruptions – ExxonMobil

OilNOW -
The impact of the coronavirus (COVID-19) outbreak globally continues to impact the oil and gas industry and could see operations at Guyana’s Stabroek Block slowing down as ExxonMobil grapples with travel restrictions which is affecting the movement of personnel...
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Improvements in infrastructure, productivity pushing Guyana’s non-oil GDP – IMF

Guyana’s oil sector is projected to account for a slightly smaller share of the country’s economy in 2025 for...

OilNOW is a Resource Center founded and owned by Guyanese. OilNOW is an apolitical, non-partisan, privately owned agency that strives to ensure the highest degree of accuracy and balance.

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