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Routledge talks gas extraction techniques for Stabroek Block gas reserves

OilNOW -
ExxonMobil is exploring different facility options for the exportation of gas from Guyana. Alistair Routledge, ExxonMobil Guyana President, discussed Guyana's potential as a deepwater oil producer during an August interview with S&P Global in London. Guyana has been in the...
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Oceaneering gets contract for jumper, subsea field development installation in Stabroek Block

OilNOW -
Oceaneering International, Inc. has announced the successful acquisition of two international contracts through its Offshore Projects Group (OPG) segment, boasting a total combined value exceeding US$100 million. Oceaneering has been awarded a project in the Stabroek block, offshore Guyana. The...
News

Stabroek Block supplied 12 million crude barrels to market in July

Kemol King -
In July 2023, the Liza projects at Guyana's Stabroek Block continued to demonstrate reliable production. An analysis of data supplied by the Ministry of Natural Resources shows that the projects collectively averaged 387,620 barrels per day (bpd) in July,...
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ExxonMobil, partners have not recovered their Stabroek Block investments as yet

OilNOW -
Oil revenues generated by ExxonMobil and partners from the Stabroek Block have not yet matched the major investments they have made into exploring for crude and developing those fields. The companies have sanctioned more than US$40 billion in projects...
News

Sixth Stabroek Block project Whiptail to cost US$12.9 billion – EIA

OilNOW -
ExxonMobil Guyana’s next targeted development - Whiptail - is expected to cost US$12.933 billion (GY$2.690 trillion) according to the project's Environmental Impact Assessment (EIA). Exxon said it has not yet made a final investment decision (FID) on Whiptail and...
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Basher-1, Lancetfish-2 new targets in Stabroek Block drill campaign – Hess President

OilNOW -
The search for more oil in Guyana’s Stabroek Block remains at a steady pace with the partners announcing more prospects to be tapped.  Chief Operations Officer and President of Hess Corporation, Greg Hill shared that the partners plan to drill...
News

Five Stabroek Block projects have industry-leading breakevens in range of US$25-35 per barrel Brent

OilNOW -
With 11 billion barrels of oil equivalent resources unlocked along with a license to drill an additional 35 wells by 2028, Guyana’s Stabroek Block certainly holds the key to Hess Corporation delivering more than 10 percent production growth annually....
News

Stena rig departing prolific Stabroek Block for routine maintenance in T&T

OilNOW -
The Stena Carron Drillship, a key player in the offshore oil exploration operations at Guyana's Stabroek Block, will be heading to neighbouring Trinidad and Tobago for routine maintenance before returning to the ExxonMobil-operated acreage. The vessel has been playing...
News

Over US$10 billion in Stabroek Block investments recovered so far

Kemol King -
ExxonMobil, Hess and CNOOC have managed to recover more than US$10 billion in investments so far, to explore and develop the prolific Stabroek Block.  The Stabroek Block Production Sharing Agreement (PSA) allows the partners to recover investments by taking up...
News

Stabroek Block drilling contractors Noble, Stena to host Business Forum for local suppliers

OilNOW -
Local suppliers in Guyana will have an opportunity to connect with two of ExxonMobil’s biggest drilling contractors - Noble and Stena - at a Business Forum set to take place on Wednesday. The event will be hosted at Duke Lodge...
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PPP/C outlines Energy Priorities: Gas-to-Energy, Local Content, post-oil planning

Maintaining Guyana’s “favorable” fiscal regime with no increase in royalties and bringing the Gas-to-Energy project online are among the...

OilNOW is a Resource Center founded and owned by Guyanese. OilNOW is an apolitical, non-partisan, privately owned agency that strives to ensure the highest degree of accuracy and balance.

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