Average industry performance would’ve seen Guyana becoming an oil producing nation until almost the middle of the decade if efforts to safely fast-track the Liza Phase 1 Development were not made by stakeholders.
Speaking to a room filled with guests...
Guyanese onshore will now have an opportunity to see first-hand a sample of the black gold being produced 120 miles off of its coast that is set to change the course of the South American country’s history.
The Department of...
The Organization of Petroleum Exporting Countries (OPEC) in its latest forecast points to a weaker outlook for global oil markets this year as surging supplies from competitors from Norway to Guyana threaten the group’s efforts to defend crude prices.
In...
The first drop of oil to be taken from the Liza field was received and tested by a young Guyanese technician on board the country’s first floating oil production complex spread moored at the 6.6 million acres Stabroek Block.
For...
Energy sector analyst Rystad Energy has ranked the Liza Phase 2 development at the 6.6 million acres Stabroek Block offshore Guyana as being among the top 15 approved offshore projects in the world for 2019 in terms of capital...
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...
