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GIPEX 2019: Long-term view of ExxonMobil, successive governments in Guyana responsible for success at multi-billion-barrel Stabroek Block

Delivering the keynote address at the opening of the 2019 Guyana International Petroleum Exhibition and Summit (GIPEX), ExxonMobil's Senior Vice President, Hunter Farris told conference attendees of previous unsuccessful drill campaigns in Guyana, challenging depth of the water and...

Energy Department sees potential for 5th drillship operating at Stabroek block

Director of Guyana’s Department of Energy, Dr. Mark Bynoe, says potential exist for a 5th drillship to be operating at the 6.6 million acres Stabroek Block where US oil major ExxonMobil has made a record 14 oil discoveries since...

Noble Don Taylor to begin 1-year contract at Stabroek Block

The drillship Noble Don Taylor will soon begin a one-year contract for drill campaigns at the Stabroek Block offshore Guyana, operated by US oil major ExxonMobil with co-venturers Hess and China’s CNOOC. In announcing its Q3 results on Thursday, Noble said...

Guyana’s total estimated income from Stabroek block jumps to US$117.5 billion – Rystad Energy

Guyana’s total estimated income from the 13 discoveries made so far by ExxonMobil at the Stabroek Block is now projected at 117.5 billion US dollars which is equivalent to more than 24 trillion Guyana dollars. This massive windfall for...

Resource from 3 wells to be added to 5.5 billion estimate at Stabroek Block

ExxonMobil said that the last three discoveries in the Stabroek Block offshore Guyana – Haimara, Tilapia and Yellowtail – will add to the 5.5 billion barrels of oil equivalent resource estimation determined following the tenth discovery. Jack Williams, Senior Vice...

Exxon hits milestone at Stabroek Block as 1st pipe for Liza Phase 1 touches seabed

Installation for the Liza Phase 1 Development in Guyana reached a milestone on Friday as the Saipem FDS 2 vessel lowered the first pipe to the seabed in preparation for oil production just months away. In a comment to OilNOW...

Multiple campaigns underway at Stabroek Block

Marine traffic is set to increase in the coming weeks at the Stabroek Block offshore Guyana as exploration and development activities ramp-up and installation operations for the Liza Phase 1 Development project gets underway. ExxonMobil affiliate Esso Exploration and Production...

Tilapia encountered “highest net pay count” to date on Stabroek Block

The two most recent discoveries on Guyana’s prolific Stabroek Block is particularly significant since one represents the highest net pay count found to date and the other the first gas discovery announced by the ExxonMobil-led consortium of Hess and...

Venezuela claim on Guyana territory cuts Stabroek Block…’entirely’ – Greenidge

More than five billion barrels of oil have been discovered to date off the Guyana coast in an area called the Stabroek Block which is internationally recognized to be part of the South American country’s Exclusive Economic Zone (EEZ)....

CARICOM pledges “full support” for Guyana after Venezuela navy intercepts ExxonMobil survey vessel in Stabroek Block

The Caribbean Community (CARICOM) on Monday evening said it views with grave concern the “reported interception by the Venezuelan navy on Saturday, 22 December 2018 of a seismic research vessel flagged by the Government of the Commonwealth of The...

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Chinese companies among 10 groups vying to build fertilizer plant in Guyana 

Ten groups, including several Chinese companies, have submitted proposals to build Guyana’s planned ammonia and urea fertilizer plant at...