Posted in Guyana South America

Guyana grants Saudi Aramco unit one-year contract to market crude

A view shows branded oil tanks at Saudi Aramco oil facility in Abqaiq, Saudi Arabia October 12, 2019. REUTERS/Maxim Shemetov GEORGETOWN, Sept 16 (Reuters) – Guyana has granted a unit of Saudi Arabian Oil Co (2222.SE), known as Aramco, a one-year contract to market the government’s share of the crude produced in the South American country, Vice President Bharrat Jagdeo told Reuters. The country in early September had awarded Aramco…
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Posted in Guyana South America

Exxon’s Big Bet On Guyana Is Starting To Pay Off

After commencing exploration drilling in offshore Guyana in 2015 the world’s second largest publicly listed oil company by market cap ExxonMobil experienced stunning success. In little more than six years Exxon has made 22 high-quality oil discoveries in the 6.6-million-acre Stabroek Block, the latest being at the 5,938 feet Pinktail well, located nearly 22 miles to the southeast of the Liza phase 1 development. Hess, Exxon’s partner, with a 30%…
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Posted in Guyana South America

ExxonMobil Announces Discovery at Pinktail, Offshore Guyana – Business Wire

ExxonMobil Announces Discovery at Pinktail, Offshore Guyana  business (Manila News-Intelligencer) Wire ExxonMobil’s offshore Guyana win streak continues with Pinktail discovery  WorldOil Exxon Makes 20th Starboek Discovery. Liza Unity FPSO Delivered.  Rigzone News Hess Announces Oil Discovery at Pinktail, Offshore Guyana  business (Manila News-Intelligencer) Wire ExxonMobil strikes oil again in Guyana with Pinktail discovery | Upstream Online  Upstream Online View Full Coverage on Google News…
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Posted in Guyana South America

Exxon Mobil discloses another oil discovery offshore Guyana

A view of the ExxonMobil Baton Rouge Refinery in Baton Rouge, Louisiana, U.S., May 15, 2021. Picture taken May 15, 2021. REUTERS/Kathleen Flynn/File Photo Sept 9 (Reuters) – U.S. oil major Exxon Mobil Corp (XOM.N) said on Thursday it had made a discovery at Pinktail in the Stabroek Block offshore Guyana, as it develops a major new oil and gas find. Exxon operates the 6.6-million-acre Stabroek Block as part of…
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Posted in Guyana South America

How To Capitalize On Guyana’s Oil Boom | OilPrice.com

The oil market has come through some tough sledding the last 6-8 weeks as doubts about the commitment of OPEC+ to the newly agreed output limits, and the surging Delta variant of the Covid virus became manifest. Last week the market tacked on some gains as those fears abated somewhat, and an unexpected inventory draw in the U.S. poured a shot of courage into investor’s “cups.” The oil and derivatives…
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Posted in Guyana South America

Barnwell’s ton highlights good weekend for Guyanese in USA – Stabroek News

A century from national all-rounder, Christopher Barnwell in the United States Minor League T20 tournament capped off an impressive outing by Guyanese over the weekend. Barnwell turned out for the Empire State Titans at Church Street Park Sunday and led them to a massive 113-run win over Manhattan Yorkers. Titans won the toss and opted to bat, posting 186 for four from their allotted overs and in turn restricted Yorkers…
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Posted in Guyana South America

Exxon Spuds New Well in Guyana’s Canje Block

by Bojan Lepic | Rigzone Staff | Thursday, September 02, 2021 Oil supermajor ExxonMobil has started drilling the Sapote-1 well located on the Canje Block offshore Guyana, its third well in the block this year. With the Sapote-1 well, ExxonMobil is hoping that the third time is the charm as this year’s two previous attempts at striking oil on the Canje Block – Bulletwood-1 and Jabillo-1 – found nothing but…
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Posted in Guyana South America

How To Capitalize On Guyana’s Oil Boom

The oil market has come through some tough sledding the last 6-8 weeks as doubts about the commitment of OPEC+ to the newly agreed output limits, and the surging Delta variant of the Covid virus became manifest. Last week the market tacked on some gains as those fears abated somewhat, and an unexpected inventory draw in the U.S. poured a shot of courage into investor’s “cups.” The oil and derivatives…
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Posted in Guyana South America

Guyana to seek better royalties and terms for future oil contracts

FloodlightGuyana Guyana to seek better royalties and terms for future oil contracts Country’s vice-president’s remarks after investigation highlighted concerns about ExxonMobil deal Vessels carry supplies from a dock near the Guyanese capital, Georgetown, to an offshore oil platform operated by ExxonMobil. Photograph: Luc Cohen/Reuters Vessels carry supplies from a dock near the Guyanese capital, Georgetown, to an offshore oil platform operated by ExxonMobil. Photograph: Luc Cohen/Reuters Antonia Juhasz for Floodlight…
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Posted in Guyana South America

Exxon’s oil drilling gamble off Guyana coast ‘poses major environmental risk’

FloodlightEnvironment Exxon’s oil drilling gamble off Guyana coast ‘poses major environmental risk’ Experts warn of potential for disaster as Exxon pursues 9bn barrels in sensitive marine ecosystem The Bob Douglas drill ship operated by Noble Energy for ExxonMobil floats 120 miles offshore of Guyana in 2018. It was drilling the first production oil well in Guyana’s history. Photograph: Christopher Gregory/The Guardian The Bob Douglas drill ship operated by Noble Energy…
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