Even as debate rages on in the South American country of Guyana on whether revenues flowing to the government from oil production could have been higher, the small nation of just over 750,000 people is set to cash in...
The economic fortunes of Guyana, with a population of only around 800,000, are poised for a major transformation after its first-ever oil development commenced production just six weeks ago. Offshore oil production is expected to grow rapidly in the...
As the government in the South American country of Guyana prepares to lift its first shipment of oil from the Liza Phase 1 Development, the largest demand shock the oil market has suffered since the global financial crisis of...
What's the role for the exploration industry as the energy transition takes long-term oil growth off the agenda? In 2019, Andrew Latham, vice president of global exploration at Wood Mackenzie, asked if there's room for explorers in a low-carbon...
Demand from the world’s top oil companies for floating drilling units has climbed steadily in the past two years and is set to rise further through 2020 and 2021.
Norway-based Rystad Energy said this trend is a result of the...
Exxon Mobil Corporation (NYSE:XOM) announced Friday its estimated fourth quarter 2019 earnings of $5.7 billion, or $1.33 per share assuming dilution. Earnings included favorable identified items of about $3.9 billion, or $0.92 per share assuming dilution, mainly a $3.7 billion...
The government of Guyana in the coming days will lift its first share of oil from the Liza Phase 1 Development located 120 miles offshore at the 6.6 million acres Stabroek Block.
Shell Western Supply and Trading Limited has been...
Development drilling for the 220,000 barrels per day Liza Phase 2 project offshore Guyana will begin next month as US oil major ExxonMobil ramps up its operations at the 6.6 million acres Stabroek Block where more than 8 billion...
Double the capacity of the Liza Destiny FPSO, the Liza Unity – the vessel that will begin producing oil at Guyana’s second offshore development - is SBM Offshore’s first generic Multi-Purpose Floater (MPF1) hull in its series of hulls...
Oil production at Guyana’s first ever offshore development – Liza Phase 1 - is ramping up with daily output now around 75,000 barrels per day.
“Liza Phase 1 production continues to ramp up. Current gross production is approximately 75,000 barrels...
