Post Tagged with: "Guyana"

Source: Forbes

The Oil And Gas Situation: Bleak In The U.S., Surprisingly Positive In Latin America

Forbes


How bad is the situation for the oil and gas industry in the U.S. right now? Let’s take a look at some compelling recent data points:

Source: Houston Chronicle

Exxon, Guyana head toward uncertain future

Houston Chronicle


GEORGETOWN, Guyana — They are the odd couple of the global oil patch: Guyana is a poor former British sugar colony. Exxon Mobil is America’s largest oil company.

They came to depend on each other after a series …

Source: Houston Chronicle

Guyana elects leader as vast oil boom dawns

Houston Chronicle


GEORGETOWN, Guyana (AP) — Guyana voted for a new government on Monday in a bruising fight for control of a tiny South American country whose oil revenues in the next decade could make it one of the wealthiest …

March 3, 2020 - 3:00 pm Closing Bell Story‎, Crude Oil News, Energy News, Offshore
Source: Reuters

Guyana government launches search for company to market its crude

Reuters


Guyana’s government on Wednesday launched a search for a company to market its share of crude produced at the offshore Liza well, where an Exxon Mobil Corp-led consortium began producing oil in December.

The government is entitled to a …

February 26, 2020 - 2:00 pm Closing Bell Story‎, Crude Oil News, Energy News, International
Source: Houston Chronicle

Guyana backs Exxon deal, slams ‘malicious’ NGO study

Houston Chronicle


Guyana vigorously defended its oil contract with Exxon Mobil Corp. after the deal was criticized by human-rights group Global Witness just a month before the country holds a general election.

The report faulted “inexperienced” government officials for failing …

Source: Houston Chronicle

Hess bucks trend on spending because of Exxon-led Guyana growth

Houston Chronicle


As most of the oil industry cuts back on spending, Hess Corp. said Tuesday it will allocate more money this year to its growth in the tiny South American country Guyana.

After the Exxon Mobil-led partnership with Hess …

Source: guyanatimesgy.com

Bankers ‘bombard’ Guyana with financing plans as oil boom begins: finance minister

Reuters


GEORGETOWN (Reuters) – Bankers are “bombarding” Guyana with offers of financing backed by future oil production, the finance minister told Reuters, but the South American nation is rejecting the proposals to avoid the excessive borrowing that has plagued other …

Source: Reuters

Vessel carrying Guyana’s first-ever oil cargo sets sail for the U.S.: Tanker Trackers

Reuters


A vessel carrying about 1 million barrels crude oil from Guyana set sail on Monday for the United States, according to vessel tracking service TankerTrackers.com, ushering the tiny South American nation into ranks of the world’s oil exporters.

The …

Source: Houston Chronicle

Exxon Mobil labeled ‘explorer of the year’ as global discoveries reach 4-year high

Houston Chronicle


Exxon Mobil led the way with new finds off the coasts of Guyana and Cyprus as global oil and gas discoveries in 2019 hit a four-year high, according to a new report.

Energy companies discovered about 12.2 billion …

Source: Qatar Petroleum

Qatar Petroleum Partners with Total in Africa, South America

By Tyler Losier, Energy Reporter, Oil & Gas 360

Qatar Petroleum signs agreement to farm Total-held exploration acreage in Namibia, Guyana and Kenya
Qatar Petroleum (QP), Qatar’s state-owned energy company, has signed an agreement with French supermajor Total SA (stock

Qatar Petroleum Buys Stake in Total’s Guyana Assets

Qatar Petroleum Buys Stake in Total’s Guyana Assets

From Reuters


Qatar Petroleum said on Monday it had agreed a deal with Total (TOTF.PA) to acquire a stake in the French energy giant’s two oil and gas blocks offshore Guyana.

Qatar Petroleum said it will hold 40% …

Exxon Funds Liza Phase 2 Development Offshore Guyana

Exxon Funds Liza Phase 2 Development Offshore Guyana

From Reuters

Exxon Mobil Corp said on Friday it has funded the Liza Phase 2 development offshore Guyana after it received government and regulatory approvals.

Exxon has been investing heavily in its U.S. shale operations and in Guyana, which has …

Exxon Mobil, Hess announce 13th Guyana discovery

Exxon Mobil, Hess announce 13th Guyana discovery

From Houston Chronicle

Exxon Mobil said Thursday it made its 13th oil discovery offshore of Guyana, increasing its rapidly rising tally of finds near the tiny South American nation.

The new Yallowtail-1 well discovery comes in the Turbot area of …

Tiny Guyana Could Soon Pump More Oil Than OPEC Member Venezuela

Tiny Guyana Could Soon Pump More Oil Than OPEC Member Venezuela

From Bloomberg

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

While U.S. sanctions on Venezuela threaten to accelerate an already steep slide in production, neighboring Guyana’s output is poised to …

February 5, 2019 - 4:54 pm Closing Bell Story‎, Crude Oil News, Energy News, OPEC
Hess Targeting 750 MBOEPD From Guyana

Hess Targeting 750 MBOEPD From Guyana

Multiple discoveries have revealed 5 billion BOE of resource
Hess (stock ticker: HES) announced fourth quarter results and reserves today, the first major E&P company to release earnings this quarter.

Hess reported a net loss of $5 million in Q4,

Slow Deepwater Rebound Threatened by Rising Rig Costs, Falling Oil Prices

Slow Deepwater Rebound Threatened by Rising Rig Costs, Falling Oil Prices

From Houston Chronicle

 

The slow deepwater recovery in the Gulf of Mexico and the rest of the world is now threatened by falling oil prices and the projected cost rise of drilling rigs and other services.

A new report …

November 30, 2018 - 1:30 pm Closing Bell Story‎, Energy News
Hess Announces Eighth Oil Discovery Offshore Guyana

Hess Announces Eighth Oil Discovery Offshore Guyana

Hess Corporation (NYSE: HES) today announced an eighth oil discovery offshore Guyana at the Longtail-1 exploration well, creating the potential for additional resource development in the southeast area of the Stabroek Block.

The well encountered approximately 256 feet (78 meters) …

Big Projects Return to the Scene: Exxon Accelerates Liza Phase 1

Big Projects Return to the Scene: Exxon Accelerates Liza Phase 1

Stabroek play offers an estimated 3.2 billion BOE

Liza Phase 1 Project

The Liza phase 1 development is approximately 120 miles offshore of Guyana in water depths of 5000-6200 feet. The play being developed is the Starbroek Block, which is …

Source: Hess

Exxon Mobil Makes Sixth Oil Discovery Offshore Guyana

Exxon Mobil Corporation (ticker: XOM) has discovered its sixth oil reservoir in offshore Guyana since 2015, resulting from the Ranger-1 exploration well.

The Ranger-1 well discovery adds to previous world-class discoveries at Liza, Payara, Snoek, Liza Deep and Turbot, which …

Exxon Discovers More Oil at Offshore Guyana Block

Exxon Discovers More Oil at Offshore Guyana Block

In its Payara reservoir, offshore of Guyana, ExxonMobil Corp. (ticker: XOM) discovered an additional accumulation of oil. The discovery increased ExxonMobil’s estimated oil in the Payara reservoir to 500 MMBOE, and the total estimated gross recoverable resource in the Stabroek …

Hess Moves Guyana Resource Estimate Closer to 1.4 Billion BOE

Hess Moves Guyana Resource Estimate Closer to 1.4 Billion BOE

Hess’ Liza-3 well offshore Guyana confirms a major oil discovery with breakeven below $40 per barrel

Hess Corporation (ticker: HES) released its third-quarter earnings Wednesday, reporting a loss of $1.12 per share, but the company also updated the markets on …