Guyana
News
February 21, 2024
Guyana will restrict oil-related activities to south of that unverified border to avoid inflaming the situation, the official, Natural Resources Minister Vickram Bharrat, said in an interview.
News
February 20, 2024
Exxon is “very focused on executing our operations within our defined contract area,” upstream president Liam Mallon said in an interview with Bloomberg TV. The Texas oil giant now produces about 645,000 bpd from Guyanese waters, up from nothing five years ago.
News
February 19, 2024
Ali’s plans are in addition to a $1 billion gas-to-shore pipeline project for domestic power generation that is scheduled to be complete by the fourth quarter of this year, Ali said. The project will provide 50 MMcfdg in the first phase before ramping up to 120 Mmcfd.
News
February 14, 2024
DeepOcean will plan and execute a wide range of subsea activities, including subsea construction and jumper installations as well as subsea IMR work, at ExxonMobil Guyana’s operations at the Stabroek Block, located approximately 120 m offshore Guyana.
News
February 09, 2024
The seven wells Exxon plans to drill are at least 100 km (62 miles) away from Venezuela’s claimed territory, Routledge said. Five are in the south-east portion of the Stabroek Block, closer to Suriname, while two are in the central section, he said.
News
February 08, 2024
The oil giant said it will drill new wells west of the Liza discovery and close to Venezuelan territorial waters, Exxon Guyana President Alistair Routledge told Demerara Waves. The dispute is “not inhibiting that activity in our plans,” he said.
News
February 07, 2024
The oil giant will drill the exploration wells west of the Liza field, which is producing oil, and closer to the border with Venezuela, Exxon Guyana President Alistair Routledge told Demerara Waves. The dispute is “not inhibiting that activity in our plans,” he said.
News
February 04, 2024
Tension began rising again in 2015, when U.S. giant Exxon Mobil Corp. discovered massive oil reserves off the Guyanese coast. They flared up last year after Venezuelan leader Nicolas Maduro held a referendum that purportedly showed overwhelming support for his nation’s push to take control of the Essequibo.
News
February 01, 2024
Oil and gas proved reserves at Dec.31, 2023 were 1.37 Bboe, compared with 1.26 Bboe at Dec. 31, 2022. Proved reserve additions and net revisions in 2023 totaled 261 MMboe, primarily from Guyana, which included sanctioning of the Uaru development, and from the Bakken.
News
January 22, 2024
Eco (Atlantic) Oil & Gas Ltd has received final government approval for the farm out of its 6.25% participating interest in Block 3B/4B, located offshore South Africa in the prolific Orange basin, to Africa Oil Corp. The company also provided an operational update on entering the next license phase for Orinduik block offshore Guyana, near ExxonMobil's Liza discovery and the Stabroek Block.
News
January 14, 2024
The FPSO Errea Wittu will have the capacity to store 2 MMboe. It will produce approximately 250,000 bopd and will have gas treatment capacity of 540 MMcfd, and water injection capacity of 350,000 bpd.
News
December 27, 2023
TGS successfully acquired 2,400 km2 of OBN data within a span of 410 days, concluding the data acquisition process 20 days ahead of schedule.
News
December 11, 2023
Oil majors operating in Guyana’s waters are “moving ahead aggressively” with production plans despite Venezuela’s threats to take over the region in an escalating border conflict, according to President Irfaan Ali.
News
December 11, 2023
The border dispute between Venezuela and Guyana is unlikely to escalate into a military conflict despite the growing hostile rhetoric between the South American nations, says Chevron Corp.’s top executive.
News
December 10, 2023
Traders are more jittery than ever about the outcome of Chevron Corp.’s proposed $53-billion takeover of Hess Corp. as Venezuela threatens to seize mineral-rich regions in neighboring Guyana.
News
December 07, 2023
Chevron Corp. followed competitor Exxon Mobil Corp. in raising planned capital spending as the biggest U.S. oil operators seek to increase long-term crude production.
News
December 04, 2023
ExxonMobil Corp. CEO Darren Woods said the Texas energy giant is focusing on producing oil in Guyana as efficiently as possible to help the South American country in its border dispute with Venezuela.
News
November 29, 2023
The first contract is for the proposed Whiptail oil field development located in the Stabroek block offshore Guyana. The second contract is for the Raia project, the development of a pre-salt gas and condensate field in the Campos basin.
News
November 17, 2023
(WO) — CNOOC Ltd. has announced the safe commencement of production at the Payara Project in the Stabroek Block offshore Guyana. The project, equipped with one FPSO and 41 subsea wellheads, represents a significant milestone for the partnership and production growth of the Stabroek Block.
News
November 14, 2023
The Prosperity floating, production, storage and offloading (FPSO) vessel is expected to reach initial production of approximately 220,000 bpd over the first half of next year as new wells come online.
News
November 10, 2023
The Joint Venture believes that the rock quality discovered in the Maastrichtian horizon in the Wei-1 well is analogous to that reported in the Liza Discovery on Stabroek block.
