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Exxon will begin new drilling foray at Pacora prospect in Guyana this week

ExxonMobil Guyana is set to continue its search for more oil off the coast of the South American country this week in a new foray at the Pacora prospect located some 4 miles from the Payara discovery. A notice published...

Motivated by Exxon’s discoveries; Tullow Oil, Eco Atlantic eyeing Orinduik Phase Two

Exploration partners Tullow Oil plc and Eco (Atlantic) Oil & Gas Ltd have decided to move the Orinduik project, offshore Guyana, into Phase Two of its license, committing to a new programme of seismic exploration to gather at least...

Bauxite Company says not enough natural gas available for smelter – Trotman

Bauxite company Bosai Minerals Group (Guyana) Inc. has indicated that the quantity of natural gas that would be available when oil production begins in 2020 is inadequate to power a smelter. The South American nation’s Natural Resources Minister, Raphael Trotman...

Need for pipe yards, fabrication and fuel supply facilities in Guyana increases with Liza Phase 2

When the proposed Liza Phase 2 development project comes on stream in 2022 approximately 120 miles offshore Guyana, the need for a number of shorebase services will significantly increase. ExxonMobil Guyana says the project will utilize onshore infrastructure which may...

Liza Phase 2 could push Guyana total oil production to 340,000 bpd by 2022

US oil major ExxonMobil has confirmed that a process is underway that could see a Liza Phase 2 development getting underway as early as 2022. This combined with Liza Phase 1 production, set to come on stream in 2020,...

ExxonMobil moving towards potential giant Liza Phase 2 development; could start by 2022

ExxonMobil Guyana said on Thursday it has submitted an application to the Environmental Protection Agency (EPA) for environmental authorization as part of the company’s plans for a potential production concept for Liza Phase 2. “Given we receive all the permits...

Global demand continues to make Guyana’s oil discoveries profitable – Ambassador Quinn

British High Commissioner to Guyana, Gregory Quinn believes Guyanese need not worry about the threats of alternative and other types of green energy to its emerging oil and gas industry, since demand will “continue to make what has been...

Hess Corporation expects significant returns on Guyana investment

The announcement by ExxonMobil Corporation on Friday of a 6th oil discovery off the coast of Guyana has further cemented the view that investment in exploration and production activities in the South American country will see significant returns. Even before...

PSC decries ‘lack of local content’ in ExxonMobil agreement

In wake of the release of the ExxonMobil contract on December 28, 2017, the Private Sector Commission (PSC) has decried what it describes as a paucity of benefits for the business community and hopes that this can be addressed...

Guyana’s long promised blessing being released – Trotman

The announcement on Friday of a 6th oil discovery off the Guyana coast by US oil major, ExxonMobil, has further cemented Guyana’s place as a significant emerging petroleum producer in the region. The South American country’s Minister of Natural Resources,...

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Payara crude holds slight price premium over other Stabroek Block grades

Payara Gold crude from ExxonMobil’s third Guyana oil development has consistently traded at a marginal premium to its other...