Results from the Redtail-1 prospect located some 103 nautical miles off the coast of Guyana at the Stabroek block is expected this month, according to ExxonMobil Senior Vice President, Neil Chapman.
The drillship Noble Don Taylor moved to the Redtail-1...
The identification of two additional high-quality reservoirs at the Yellowtail-2 well offshore Guyana has further confirmed the world class quality of the basin and the major potential for continued future development of hydrocarbon resources.
Both ExxonMobil and the Department of...
Two additional high-quality reservoirs identified at Yellowtail-2
ExxonMobil is currently commissioning water injection equipment and bringing natural gas injection fully online at its Liza Phase 1 Development located 120 miles offshore Guyana at the Stabroek Block. This will see production...
The medium sweet Liza Crude being produced offshore Guyana was fixed for China delivery this month during which more rare grades were expected to arrive, with Chinese independent refiners now open to buying anything economically competitive, S&P Global Platts...
ERM Guyana Inc., an affiliate of ERM, said Wednesday it has entered an agreement with Guyana-based Environmental Management Consultants (EMC) to formalize the relationship between the two entities to provide environmental and socioeconomic support in Guyana, with a particular...
The jury is out on what future oil demand will look like, when the world will hit peak oil and what long-term impacts the coronavirus and the energy transition are likely to have on demand. With Guyana sitting on...
China’s state oil company CNOOC has began production at the Luda 21-2/16-3 regional development, located Liaodong Bay of Bohai Sea, about 39 kilometers north of Luda 10-1 oilfield and 90 kilometers northwest of Suizhong 36-1 onshore terminal.
CNOOC said the average...
A ‘detrimental limbo’ of political uncertainty is becoming increasingly costly to new oil producer on the South American continent, Guyana, where project approval delays for a half-billion barrel offshore development has already resulted in more than 50 million barrels...
By Bobby Gossai, Jr. - Economist
The expected high growth rate of the Guyanese economy will be reduced by several factors outside of the limits of the coronavirus. Guyana had an expected exponential growth from 2020 to 2028 which would...
The demand for petroleum is expected to remain robust in coming years but trends that point to an accelerated shift to renewables mean developing oil and gas resources sooner rather than later will ensure the most favourable returns for...
ExxonMobil is positioning long-term science and engineering education as central to Guyana’s workforce development, with executives and students underscoring...
