CNOOC Limited plans to ramp up its exploration programme in 2020 as multiple projects come on stream, including the Liza Phase 1 Development in Guyana’s Stabroek Block where the company has a 25% stake.
The Company’s targeted net production for...
After a journey of 2,300 nautical miles, the Fast4Ward® hull for the Liza Unity FPSO - ExxonMobil's second development offshore Guyana - has safely arrived at Keppel shipyard in Singapore, from China.
This is SBM Offshore’s first generic hull, the...
Decades of failed attempts to find oil in the Guyana-Suriname basin saw companies bailing out and disappointment mounting, with many persons, ranging from laymen to experts, concluding that striking black gold in this frontier was unlikely and way too...
UK-based global energy consultancy group Wood Mackenzie says based on its estimate the discovery announced last week off the coast of Suriname could contain hundreds of millions of barrels of oil and over a trillion cubic feet of gas,...
Continued success offshore the South American country of Guyana is once again playing a major role in the addition of discovered volumes and value creation for US oil major ExxonMobil and its Stabroek Block co-venturers, Hess and CNOOC.
“ExxonMobil can...
The world’s oil and gas explorers powered ahead and discovered 12.2 billion barrels of oil equivalent (boe) in 2019, the highest volume since 2015, according to estimates from Rystad Energy. Last year recorded 26 discoveries of more than 100...
Apache’s historic oil discovery offshore Suriname has opened a new chapter in the potential of the Guyana-Suriname basin which the US Geological Survey (USGS) has long said could contain more than 13.6 billion barrels of oil and 32 trillion...
Shares of Apache Corp. on Tuesday surged toward their biggest one-day gain in nearly 50 years, after the oil-and-gas company announced a “significant oil discovery” off the shores of Suriname, MarketWatch said in a report.
That prompted Bank of America...
The South American country of Guyana has entered the new decade as an oil producer with a total of 18 discoveries made since 2015. There also remains massive potential for more discoveries from ongoing and planned exploration campaigns by...
ExxonMobil (NYSE:XOM) is the second-largest publicly traded oil and gas company behind the recent IPO of the Saudi Arabian Oil Company. After a rough last five years of revamping its portfolio in an effort to adjust to the new...
