OIL AND GAS NEWS

Hess sanctions Liza Phase 2 development offshore Guyana

2019-06-05

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.

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ExxonMobil, Guyana “Hit the Jackpot”

2018-08-31

ExxonMobil made its ninth discovery offshore Guyana, possibly creating the greatest value of any offshore basin in the Americas. This is the company’s fifth discovery on the Stabroek Block in the past year and proves a new play concept for potential development. The Hammerhead-1 discovery encountered approximately 197 ft (60m) of high-quality, oil-bearing sandstone reservoir. The well was safely drilled to 13,862 ft (4,225m) depth in 3,373 ft (1150m) of water.

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‘The rush to Guyana will be unprecedented’ – Hughes tells TOTALTEC graduates

2018-12-03

Partner in Guyanese law firm Hughes, Fields and Stoby, Nigel Hughes on Thursday called the third batch of TOTALTEC oilfield operator graduates “pioneers” of Guyana’s nascent oil and gas industry and said that they will be a part of the success that will come to the country as a result.

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GIPEX postponed: organizers eyeing Q3 2019

2018-02-08

The Guyana International Petroleum Exhibition (GIPEX), originally scheduled to be held in March 2019, has been postponed to the 3rd quarter of the year.

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Offshore drilling making comeback with low-cost targets like Stabroek

2019-03-28

Producing 120,000 barrels of oil per day from the Permian basin would require a $12.8 billion investment while hitting the same volume from Guyana’s Stabroek Block require just $3.7 billion for the first phase of the Liza Development project.

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ExxonMobil, Hess sanction $6bn Liza Phase 2 development offshore Guyana

2019-05-06

The Liza Phase 2 development is designed to have a production of up to 220,000 barrels of oil per day through the $1.6bn Liza Unity Floating Production, Storage and Offloading vessel (FPSO).

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CGX Energy and Frontera Energy Receive Approval of Strategic Joint Venture from the Government of The Cooperative Republic of Guyana

2019-05-03

CGX Energy Inc. (OYL.V) ("CGX") and Frontera Energy Corporation (FEC.TO) ("Frontera") announced today that the Government of The Cooperative Republic of Guyana has approved the farm-in joint venture agreement covering two shallow water offshore Petroleum Prospecting Licenses in Guyana , the Corentyne and Demerara blocks.

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U.S. Diplomats Boost ExxonMobil in Guyana

2019-03-14

Since ExxonMobil announced the 2015 discovery of large oil reserves off the coast of Guyana, the small South American country has been buzzing with visions of a coming oil boom that U.S. diplomats say is going to bring tremendous wealth to the people of Guyana, about one-third of whom live below the poverty line.

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Exxon Mobil authorizes $6B Guyana development

2019-05-03

Exxon Mobil said Friday it authorized the $6 billion second phase of its massive oil development off the coast of the tiny South American nation of Guyana.

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Future Of Guyana Telecommunications Market – Revenue, Trends, Growth, Share, Size, and forecast to 2025

2019-06-03

The Guyana Telecommunications report – 8th series from OGAnalysis provides a complete view of the Guyana telecom ecosystem along with trends and growth factors shaping the future of the market.

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ExxonMobil Progresses Growth Plans and Efforts to Advance Lower-Emissions Technologies

2019-05-29

ExxonMobil is progressing growth plans to substantially increase earnings and cash flow potential while researching technology breakthroughs to reduce emissions, Chairman and CEO Darren Woods told shareholders during the company’s annual meeting today.

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OTC: Global perspective and technological innovation define 2019 event

2019-10-05

Offshore energy professionals from around the world attended the 2019 Offshore Technology Conference—the 50th anniversary—at NRG Park to gain insights from global experts and colleagues. While speakers challenged ideas about the changing landscape of exploration and production, exhibitors displayed the impact of technology and digitalization on the science of energy supply and demand management.

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