ExxonMobil continues to forge ahead with its exploration drilling campaign offshore Guyana in a bid to add more oil equivalent barrels to the already 9 billion plus it has found in the South American country.
The Stena DrillMAX is engaged...
With a population of around 800,000 people, Guyana’s modest piece of global oil and gas output already makes a big difference to the South American country with a lead international analytics provider saying just the Liza reservoir alone gives...
When ExxonMobil’s Yellowtail Development Project at the Stabroek Block comes on stream in 2025, Guyana will be producing over 800,000 barrels of oil per day. One analyst who has been following the Guyana oil story closely says this is...
Hess Corporation's most impressive asset remains the 30% stake it has in the Stabroek Block offshore Guyana where over 9 billion barrels of oil equivalent resources have been found since 2015.
The first 4 developments – Liza Phase 1, 2,...
Saipem has postponed the opening of its state-of-the-art offshore construction facility in Guyana this month after essential staff were exposed to COVID-19. The event was scheduled to take place at the company’s Water St. Georgetown location on May 22.
The Italian...
The Centre for Local Business Development will this year be focusing on the improvement of the technical capacity of local businesses, and their plans are being supported by ExxonMobil’s Greater Guyana Initiative—a US$100 million commitment to capacity building by...
The Guyana-Suriname basin is viewed by analysts in the oil and gas industry as potentially the last major frontier for billion-barrel plus deepwater discoveries. The world-class Liza discovery in 2015 was the biggest offshore oil strike made in a...
With one FPSO in operation and a total of ten being targeted to develop the more than 9 billion barrels of oil equivalent resources found in Guyana, a long-term framework that includes flare management will be key to the...
The four Floating Production Storage and Offloading (FPSO) vessels currently being built by SBM Offshore are positively contributing to the company’s growth phase. Two of the FPSOs are being constructed for operations offshore Guyana at the ExxonMobil-operated Stabroek Block.
On...
Venezuelan state oil company PDVSA would need $58 billion in investment to revive its crude production to the levels of 1998 before ex-President Hugo Chavez came to power, equivalent to 3.4 million barrels per day (bpd), a document seen...
