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...
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...
ExxonMobil, operator at the 6.6 million acres Stabroek Block offshore Guyana is looking to move ahead with its fourth development in the South American country at the Hammerhead field. This latest development will follow the Liza Phase 1 and...
Ocean Infinity, a next generation subsea marine robotics company, has been awarded a contract with ExxonMobil, for high-resolution Autonomous Underwater Vehicle (AUV) geophysical and geotechnical data acquisition within the Stabroek block offshore Guyana.
Ocean Infinity will simultaneously deploy their advanced AUVs...
Capital expenditure by project offshore Guyana sees the Liza field at the 6.6 million acres Stabroek Block leading the pack through 2030 having already surpassed US$3 billion in investments for 2019.
“The 2015 Liza find has completely rewritten the script...
Recent discoveries in the Guyana-Suriname basin have proven a wider petroleum system and may cause an upgrade in resource estimates, drawing extra attention to upcoming wells. Meanwhile global oil firms are preparing to spend more than $53 billion in...
As discussions continue in the South American country of Guyana on the prospect of bringing gas to shore, the country’s Department of Energy said while this project could come on stream as early as 2023, the full volume of...
With the gross recoverable resource estimate now above 8 billion barrels of oil equivalent at the Stabroek Block, co-venturers ExxonMobil, Hess and CNOOC are analysing data and assessing development needs that would help determine the number of floating production...
The first oil tanker to lift crude from the prolific Stabroek Block offshore Guyana departed the country’s waters on Monday with the first 1 million barrels of oil.
The Ministry of the Presidency, Department of Energy (DE) said the oil...
The Yannis P – a Marshall Islands registered crude oil tanker will soon lift the first one million barrels of crude from the Stabroek Block offshore Guyana.
Production in Guyana commenced on December 20, 2019, less than five years after...
Staatsolie Maatschappij Suriname N.V. and Suriname’s Tax Department have launched a three-year capacity-building program to strengthen tax and customs...
