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Stabroek Block: Discovery Highlights

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ExxonMobil initiated oil and gas exploration activities in Guyana in 2008, collecting and evaluating 3-D seismic data that led to the company safely drilling its...

Exxon prioritizing development wells at Stabroek Block in coming months –...

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US oil major ExxonMobil will be focusing heavily on development drilling at the Stabroek Block offshore Guyana in the coming months. The company has been...

Dutch floater specialist looks ahead to larger projects with its state-of-the-art...

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Dutch floater specialist SBM Offshore, while currently dealing with the challenges brought on by the COVID-19 pandemic and low oil price environment, is looking...

ExxonMobil spent over US$35 million on Guyanese suppliers in Q1 2020

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ExxonMobil Guyana has spent over US$35 million or approximately 7.1 billion Guyana dollars on more than 500 local suppliers in the first quarter of...

Guyana in ‘Golden Triangle’ of mega oil reserves

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Guyana falls within the Golden Triangle of mega oil reserves along with countries such as Brazil, Venezuela and Nigeria, and producers in the US...

Deepwater action remains in play offshore Guyana

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Guyana topped the oil discovery charts again in 2019 with the Liza field coming onstream in December and another billion barrels added in the...

Hess reports US$2.4 billion loss – Liza field helps boost production

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Hess Corporation reported Thursday a net loss of $2,433 million, or $8.00 per common share, in the first quarter of 2020 even as oil production...

Credit Suisse sees 9 development phases at Stabroek Block with production...

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Zürich-based investment bank Credit Suisse sees potential at Guyana’s Stabroek Block for 9 development phases that would push production well above 1 million barrels...

Oil storage not an issue for Guyana at this point but...

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Even though global oil storage space continues to come under immense pressure following depressed demand, the situation is not one that has affected Guyana...

Production at Liza Phase 1 expected to hit 120,000 barrels per...

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Oil production from the Liza Phase 1 Development is expected to reach its full capacity of 120,000 barrels per day by early June according...