Tag: Exxon Guyana

• Tuesday, December 13th 2022 - 09:14 UTC

  Guyana opens offshore oil bidding round to diversify explorers and expand the state role

  

  The Cooperative Republic of Guyana opened a bidding round for 14 oil and gas blocks in its oil-rich offshore, hoping to award exploration contracts by the end of May. Guyana has become home to one of the largest oil discoveries in the last decade, with about 11 billion barrels of oil and gas found by a consortium led by Exxon Mobil.

• Monday, March 2nd 2020 - 19:54 UTC

  Crucial election in oil rich Guyana; economy forecasted to grow 85% this year, IMF

  

  Guyana goes to the polls this Monday in a pivotal election in one of South America's poorest nations, where a coming oil boom is set to reshape an ethnically-divided political landscape.

• Wednesday, January 22nd 2020 - 07:13 UTC

  Guyana ships its first ever cargo of one million barrels of oil

  

  A vessel carrying Guyana’s first-ever shipment of crude set sail on Monday bound for the U.S. Gulf Coast, oil major Exxon Mobil Corp said, marking the tiny South American nation’s long-awaited debut as an oil exporter.

• Friday, April 26th 2019 - 05:59 UTC

  Guyana oil jackpot: ExxonMobil has made its 13th discovery offshore

  

  The find was made at the Yellowtail-1 Well and represents the third discovery for this year and the fifth in the Turbot area, where ExxonMobil is evaluating its potential as an additional development hub.

• Tuesday, July 31st 2018 - 08:36 UTC

  Guyana top country in discovered oil resources during 2018

  

  Discovered resources globally of conventional oil and natural gas surpassed 4.5 billion barrels of oil equivalent in the first half of 2018, making for an exciting recovery with Guyana leading the way, according to analysis by Rystad Energy. Average monthly discovered volumes are 826 million barrels of oil equivalent. This is a 30% increase from 2017.

• Friday, June 1st 2018 - 07:35 UTC

  Guyana on the global energy map: oil production expected to reach 600.000bpd

  

  The Norwegian oil and gas research firm Rystad Energy is predicting that Guyana's oil sector could generate annual revenue of US$15 billion and that the government would pocket most of the profit generated from the explorations.

• Wednesday, January 17th 2018 - 22:37 UTC

  Falklands' lawmaker in Guyana to discuss self determination and border controversies

  

  Falkland Islands lawmaker MLA Ian Hansen made on Wednesday a courtesy call on Guyana's Minister of State Joseph Harmon at his office in the Ministry of Presidency, in Georgetown, the country's capital.

• Sunday, October 8th 2017 - 07:52 UTC

  Guyana en route to become a top oil producer in Latin America

  

  Exxon Mobil Corp. has discovered more oil on the Staborek block offshore Guyana, northeast South America, with the Turbot-1 well. ExxonMobil affiliate Esso Exploration and Production Guyana Ltd. began drilling the Turbot-1 well on Aug. 14, 2017, and encountered a reservoir of 23 m of high-quality, oil-bearing sandstone in the primary objective.

• Monday, July 4th 2016 - 09:56 UTC

  Exxon-Mobil-Hess confirm that off Guyana coast oil discovery is largest in two years

  

  ExxonMobil and its partner Hess Corp. have announced that the major discovery off the coast of Guyana, in the north of South America and bordering with Venezuela, is a discovery that is much larger than previously expected.

• Monday, October 19th 2015 - 09:53 UTC

  Guyana beefs up reserves to protect country from Venezuela and Suriname

  

  Against the background of what he said were continued territorial threats from both Venezuela and Suriname, Guyana President David Granger has announced a Total National Defense Policy.