Guyana
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.
News
November 05, 2023
The African Energy Chamber, therefore, strongly calls for an end to the demonization of oil and gas, encouraging African and Caribbean nations to collaborate towards a common and fair energy agenda.
News
ExxonMobil makes “significant” oil, natural gas discovery in prolific Stabroek block offshore Guyana
October 27, 2023
This discovery from the Lancetfish-2 well is the fourth made in 2023 in the country, bringing the total amount of recoverable oil and natural gas resources to 11 billion barrels.
News
October 26, 2023
Guyana’s government has encouraged the joint venture to develop its oil resources “as fast as we can” to earn revenues for the country and its citizens, Hess said.
News
October 24, 2023
Guyana’s oil production is on course to triple to 1 MMbpd by the end of the decade, a rapid expansion for a field that pumped its first barrel at the end of 2019.
News
October 23, 2023
Hess’ Bakken assets add another leading U.S. shale position to Chevron’s DJ and Permian basin operations and further strengthen domestic energy security.
News
October 13, 2023
The FPSO will be designed to produce 250,000 boed, will have associated gas treatment capacity of 540 MMcfd and water injection capacity of 300,000 bpd. The FPSO will be spread moored in water depth of about 1,630 m and will be able to store around 2 MMbbl of crude oil.
News
September 13, 2023
The reserves, located in water depths between 100 and 1,000 meters, will be produced through a system of subsea wells connected to a FPSO located 150 km offshore Suriname, with an oil production capacity of 200,000 bpd.
News
September 04, 2023
Oceaneering has been named a consortium partner to support transportation and installation work on the Girassol Life Extension project offshore Angola. The company has also been awarded a contract for work on a jumper installation project in the Stabroek block offshore Guyana.