Guyana could be on course to become the second largest oil producing country in Latin America by the end of this decade, particularly if conditions in neighbouring Venezuela fail to improve and Mexico's decline in output progresses.
Oil production in...
Guyana’s Department of Energy (DE) has put out a request for Expressions of Interest (EOI) from companies looking to provide marketing services to the country for its share of crude from the Liza Phase 1 Development.
The duration of services...
An analyst at private wealth management company, Bernstein, says offshore exploration and production activities, including campaigns in the Guyana-Suriname basin where US oil major ExxonMobil has made 16 discoveries since 2015, remain risky since many projects do not make...
With reference to the confirmed cases of CoronaVirus (Covid-19) to date on Italian territory and in particular in Lombardy, Saipem said today “it has immediately activated itself to guarantee maximum health and safety for its employees, customers and suppliers,...
Since 2015, Guyana has gone from having no known oil resource to a massive 8 billion plus barrels of oil equivalent with 16 discoveries at the giant Stabroek Block, 2 at the adjacent Orinduik Block and 1 at Kanuku.
All...
It is estimated that by the mid-2020s to 2030, oil production in Guyana could hit 750,000 barrels per day but this figure may ‘underestimate the country’s production’ the American Security Project (ASP) has said.
ASP said unlike other recent discoveries...
Eco Atlantic Oil & Gas, junior partner at the Orinduik Block offshore Guyana, says it is drill-ready and fully funded to pursue additional prospects on the block as the search for high quality hydrocarbons continue.
In 2019 the company drilled...
Photos and video clips published on social media on Thursday showing a dark substance on water just off the coast of Georgetown is not from offshore exploration and production activities, according to a statement from ExxonMobil on its Facebook...
Crude being produced at the Liza Phase 1 Development offshore Guyana is being sold one to two months in advance, which is around the same time-frame as a number of competing countries in West Africa.
Production started last December at...
Following ExxonMobil’s commercial discovery at the giant Liza field in the Stabroek Block offshore Guyana in 2015, it was confirmed that the oil found is of ‘high quality’. The term “High Quality” is commonly used to refer to crude...
