WorldOil ExxonMobil finds more oil offshore Guyana at Tripletail ExxonMobil made an oil discovery on the Stabroek Block offshore Guyana at the Tripletail-1 well in the Turbot area. The discovery adds to the previously announced estimated recoverable resource of more than 6 Bboe on the Stabroek Block. Tullow opens a new oil play offshore Guyana Joe-1 is the first oil discovery to be made in the Upper Tertiary and de-risks the petroleum system in the west of the Orinduik block, where a significant number of Tertiary and Cretaceous age prospects have been identified. Liza Destiny arrives offshore Guyana for Hess This FPSO is a significant component of the Liza Phase 1 development, which involves four undersea drill centers with 17 wells. Guyana may not be ready for its pending oil riches, but ExxonMobil is This tiny nation on the north coast of South America is about to become the world’s newest petrostate—and potentially the richest. Mexico’s moratorium on oil auctions gives rival Brazil an edge Mexico’s moratorium on auctioning off its oil riches to foreign producers is giving a leg up to nearby rivals Brazil and Guyana. What’s new in exploration Rebound seen in new offshore exploration Guyana investigating offshore leases controlled by Exxon, Tullow Guyana’s anti-corruption agency is investigating how leases were awarded in its deepwater oil region, including those controlled by Exxon and Tullow. Venezuela falls to fourth-largest oil producer in Latin America Venezuela, which sits atop more oil than Saudi Arabia, has fallen behind three other Latin American countries as years of mismanagement and lack of investments take its toll. SBM Offshore awarded contracts for Exxon's Liza Unity FPSO in Guyana SBM Offshore has announced that Esso Exploration and Production Guyana Limited (EEPGL), an affiliate of ExxonMobil Corporation, has confirmed the award of contracts for the next phase of the Liza project in Guyana. ExxonMobil to proceed with Liza Phase 2 development offshore Guyana ExxonMobil has said it has funded the Liza Phase 2 development offshore Guyana after it received government and regulatory approvals.