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Stabroek Block produced over 18 million barrels in January 

In January, three projects at the ExxonMobil-operated Stabroek Block offshore Guyana produced 18.7 million barrels of oil.  The projects collectively averaged 602,000 barrels per day (b/d). However, based on their individual peaks, the projects demonstrate the ability to produce collectively...

Noble Sam Croft drilling Hatchetfish-1 well at Stabroek Block

The Noble Sam Croft vessel is currently undertaking drilling operations at the Hatchetfish-1 well in Guyana’s Stabroek Block, operated by ExxonMobil.  According to the Maritime Administration Department (MARAD) the drillship is being assisted by 23 vessels. Those include Deep Ocean’s...

Dispute over Hess stake in Stabroek block could lock Chevron out of Guyana

A dispute over Hess Corporation's stake in the Stabroek block off the coast of Guyana threatens to sideline Chevron Corporation from its planned acquisition of Hess, potentially locking it out of Guyana. Chevron announced the agreement with Hess Corporation...

Exxon mulling options for Guyana’s 7th Stabroek Block project; potential gas development in play 

Could Guyana’s seventh Stabroek Block development be based on another oil discovery, or perhaps, the first offshore gas project? Operator ExxonMobil has not decided. Why? According to its President, Alistair Routledge, “We have more than one horse in the...

Jagdeo hopes to wrap up audits of 24 years of Stabroek block expenses by yearend 

Mid-2024, the Guyana government plans to contract an auditor to verify expenses claimed by the Stabroek block consortium for the period 2021-2023. This will add to two ongoing audit processes for expenses for the periods 1999-2017 and 2018-2020.  Vice President Bharrat...

Stabroek block co-venturers to publish 2023 financials in Q224

ExxonMobil, Hess, and CNOOC will publish financial reports of the 2023 earnings of their Guyana affiliates in the second quarter of 2024, said ExxonMobil Guyana President Alistair Routledge during a Feb. 7 press conference.  He was asked to provide a...

Exxon targeting two new wells west of Liza and Payara at prolific Stabroek Block

ExxonMobil Guyana President Alistair Routledge said the company has identified two drilling targets west of the Liza and Payara discoveries. “We plan to drill two exploration wells west of Liza and Payara. The Trumpetfish and Redmouth exploration wells are planned...

Stabroek Block production ramp-up expected to move faster – Darren Woods

The optimization of production at the ExxonMobil-operated Stabroek Block offshore Guyana has been unprecedented and this can be increased even further.  ExxonMobil's Chief Executive Officer (CEO), Darren Woods says the company’s “design one, build many” concept is a huge factor...

OMNI Helicopters hits one year mark, over 50,000 passengers transported for Exxon’s Stabroek block operations 

Since its first flight on Jan. 1, 2023 - six weeks ahead of schedule, OMNI Helicopters Guyana Incorporated (OHGI) has built a resilient team with 60 Guyanese in its employ.  Hitting the one-year existence mark, OHGI boasted of conducting 2,300...

Stabroek block exploration holds potential surprises following Chevron’s ‘strategic move’ in Guyana – WoodMac 

Consultancy Group Wood Mackenzie said that the exploration landscape in Guyana’s Stabroek block is poised for unexpected and positive results, following Chevron’s acquisition of Hess.  “After Chevron´s strategic move in Guyana, exploration in Stabroek block can still surprise with good...

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Guyana says World Court ordered Venezuela not to conduct elections in Essequibo territory

Guyana said Thursday that the International Court of Justice (ICJ) has ordered Venezuela not to conduct or prepare to...