Tag: Guyana oil

• Thursday, November 21st 2024 - 09:27 UTC

  Guyana oil output breaking all oil exploration and production records

  

  The impoverished South American country of Guyana is emerging as a major international oil producer and exporter. The former British colony is expected to become not only South America’s top oil producer but a key driver of world petroleum supply growth. The country has also become one of the fastest growing economies in the region, according to the World Bank and the Inter-American Development Bank

• Tuesday, August 17th 2021 - 20:45 UTC

  Brazil tempted by the success of the Suriname and Guyana oil basin developments

  

  Exploration and development of oil and gas resources in the ex Dutch colony of Suriname, now an independent country, was the main point of the agenda addressed by Brazilian foreign minister Carlos Franca and his Surinamese peer Albert Randim, during a meeting held in Brasilia.

• Friday, January 29th 2021 - 08:42 UTC

  Hess Exploration investing heavily in its Guyana oil offshore operations

  

  The Hess Exploration company is betting strongly in the opportunities of its Guyana operations. With a 30% interest in the Stabroek Block, it has allotted more than 80% of its capital and exploratory budget of US$1.9 billion for 2021 to its offshore blocks.

• 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.

• Saturday, January 11th 2020 - 09:56 UTC

  Major oil discovery offshore Suriname next to Guyana's prolific Stabroek's block

  

  Apache Corp and Total SA announced they had made a major oil discovery in a closely watched area off the coast of South America’s Suriname, sending Apache’s shares surging nearly 27%.

• Wednesday, March 7th 2018 - 09:45 UTC

  Exxon-Mobil hits oil jackpot offshore Guyana: future production of 500.000 bpd

  

  United States-based oil giant ExxonMobil says the latest oil discovery in Guyana will help bring production to more than 500,000 barrels per day. In a statement, the oil company said that it was satisfied with the discovery in the Pacora Well that was safely drilled to a depth of 18,363 feet in 6,781 feet of water. It said drilling began on January 29 this year.