Guyana ///

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.

Exxon in `bull's-eye' as worst year since Reagan nears end

Things haven’t been this bad for the world’s biggest oil stock since Ronald Reagan became president. But brace yourself, 2019 may not be much better.

Hess market cap plunges $1.5 billion, Exxon vessel blocked by Venezuelan protest

Hess Corp. tumbled the most in almost three years, wiping out $1.5 billion in market valuation, after work at the oil explorer’s most promising international investment was halted by a Venezuelan blockade.

Rowan signs contract with CGX Resources for the Ralph Coffman

Rowan Companies plc has announced that the Ralph Coffman, a 240-C Class harsh environment jack-up rig, has been awarded a one-well contract from CGX Resources in Guyana for an estimated duration of 60 days.

Total commits to exploration in Guiana, invites NGOs to visit drilling operations

Total is ready to start its exploration campaign on the Guyane Maritime license, located 93.2 mi (150 km) off the French Guiana coast, in the days following the arrival of the drilling ship on site, as authorized by the prefectoral decree dated October 22, 2018.

Hess has announced its 2019 E&P capital and exploratory budget

Hess Corporation has announced a 2019 E&P capital and exploratory budget of $2.9 billion. Of this, approximately 75% will be allocated to high return growth assets in the Bakken and Guyana.

Eco Atlantic confirms 2019 drilling program offshore Guyana

The Partners on the Orinduik Block, being Eco Atlantic, Total and Tullow (Operator), approved the initial 2019 work plan and budget for the first exploration well on the Orinduik Block on Nov. 30, 2018.

Woodmac: ExxonMobil's Pluma marks a perfect 10

HOUSTON, LONDON and SINGAPORE -- ExxonMobil's run of success continued with its 10th Guyana discovery on in early December 2018.