Guyana ///

Tullow stock sinks on finding high sulfur content in Guyana crude

The stock sank as much as 23% on the news that crude from two wells in Guyana was found to be heavy, with a high sulfur content. That’s disappointing as the Guyanese discoveries earlier this year had countered concerns over troubled ventures elsewhere.

ExxonMobil taps SBM Offshore for third Guyana FPSO

The FPSO, to be named Prosperity, will utilize a design that largely replicates the design of the Liza Unity FPSO. As such, the design is based on SBM Offshore’s Fast4Ward program that incorporates the company’s new build, multi-purpose hull combined with several standardized topsides modules.

SBM Offshore completes US$1.14 billion financing of Liza Unity FPSO

The project financing was secured by a consortium of nine international banks. The company expects to draw the loan in full, phased over the construction period of the FPSO.

Veolia wins Guyana FPSO seawater treatment project

The award is for the design and procurement of equipment with construction technical assistance for a seawater treatment plant sized for 263,244 bpd of low sulphate water and 31,700 bpd of reverse osmosis process water for the Liza Unity FPSO.

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

William (Bill) Head, Contributing Editor

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.

Hess sanctions Liza Phase 2 development offshore Guyana

Hess Corporation has announced it has received regulatory approval from the government of Guyana and has made a final investment decision to proceed with the second phase of development of the Liza Field on the Stabroek Block, offshore Guyana.

ExxonMobil makes 13th discovery offshore Guyana

ExxonMobil said today it made a new oil discovery offshore Guyana at the Yellowtail-1 well, marking the 13th discovery on the Stabroek Block.

ExxonMobil, Hess have made two new discoveries offshore Guyana

Hess Corporation has announced positive results from the Tilapia-1 and Haimara-1 wells offshore Guyana, bringing the total number of discoveries on the Stabroek Block to 12.

Tiny Guyana could soon pump more oil than OPEC member Venezuela

Guyana, a country that currently produces no crude, could pump more than OPEC member Venezuela in five years.

Venezuela is said to map Caribbean as tension with Exxon grows

Venezuela will remap its Caribbean oil and gas prospects in a move that could further stoke a century-long border dispute with Guyana and collide with Exxon Mobil Corp.’s venture in the region, people with knowledge of the plan said.

ExxonMobil begins drilling Haimara-1 exploration well, offshore Guyana

ExxonMobil said today that it has begun drilling the Haimara-1 exploration well offshore Guyana, the first of two planned wells in January.