"Guyana" News

Guyana's Shore Base Project Could Cut Shipping Costs by About 12%

Feb 16, 2023

Companies working on a $300 million logistics facility in Guyana that will support offshore oil operations said on Wednesday the shore base will help reduce shipping costs for supplies by as much as 12% by allowing larger supply vessels to dock…

Offshore Oil Hot-spot Guyana Sees Potential for Lucrative Carbon-offset Business

Feb 15, 2023

Guyana, which has jumped into the forefront of offshore oil exploration, is using its inland forests to tap carbon markets, in a business the government sees as more profitable than using the acreage for mining or agriculture, Vice President Bharrat Jagdeo said on Wednesday…

Exxon-led Consortium Ready to Relinquish 20% of Guyana Offshore Oil Block, Hess CEO Says

Mar 09, 2023

Hess Corp indicated the consortium that controls Guyana's oil production, of which it is a member, is prepared to relinquish 20% of the Stabroek oil block, but not any areas where it now produces or intends to produce oil in the future. An Exxon Mobil-led consortium controls the 6…

Oil-rich Guyana Looks to Develop Untapped Natural Gas Reserves

Mar 06, 2023

Guyana, the South American country that is home to the world's largest oil discoveries in a decade, next wants to develop its mostly untapped natural gas reserves, Vice President Bharrat Jagdeo said on Sunday.The nation aimed to diversify its…

Guyana Aims to Reclaim 20% of Stabroek Block from ExxonMobil

Feb 17, 2023

Guyana Vice President Bharrat Jagdeo told Reuters the country plans to take back 20% of the giant Stabroek oil block that has been responsible for a series of massive discoveries from a consortium led by Exxon Mobil Corp., and remarket it by next year…

Guyana's Oil Conference Starts as Exxon Mulls Adding More Offshore Blocks

Feb 14, 2023

As oil industry officials from around the world descend on Guyana for a conference to showcase its potential as an oil power, the biggest player in its oil boom still has decisions to make on its future in the South American country.Liam Mallon…

Guyana's Offshore Oil Potential Draws Attention from Indian Firms

Feb 22, 2023

Guyana is working with the Indian government on awarding oil and gas exploration blocks to Indian companies, Vice President Bharrat Jagdeo said on Wednesday.The South American nation, home to one of the largest oil discoveries of the last decade…

Exxon Mobil Ends Brazil Offshore Oil Hunt after Third Failed Attempt - WSJ

Apr 05, 2023

Exxon Mobil has ended a major campaign to find oil in Brazil, the Wall Street Journal reported on Wednesday, citing people familiar with the matter. The oil and gas giant has stopped current drilling at the offshore acreage it started snapping up with partners for $4 billion in 2017…

Exxon Set to Order Fifth Guyana FPSO, Sizing up More Blocks

Jan 16, 2023

Exxon Mobil Corp. is preparing to approve its fifth oil production project in Guyana and is considering taking additional exploration acreage, the head of its Guyanese operations, Alistair Routledge, told Reuters in an interview. The efforts…

CGG, TGS, and BGP Complete 3D Seismic Survey Offshore Suriname

Mar 21, 2023

Offshore seismic data specialist CGG, in a consortium with TGS and BGP, on Tuesday announced the completion of Phase IV of the deepwater 3D seismic survey offshore Suriname. Covering 1,800 sq km, Phase IV completes the programmed 14,500 sq km…

QatarEnergy Picks Up Stakes from Exxon in Canadian Offshore Blocks

Mar 29, 2023

Qatar's state-owned energy company on Wednesday signed a deal to acquire from ExxonMobil stakes in two Canadian offshore explorations block, the latest in the Gulf state's efforts to expand its global oil and gas portfolio.QatarEnergy, the world's largest producer of liquefied natural gas (LNG)…

With Reserves of its Own, Colombia Does Not Need Venezuela's Gas -Ecopetrol

Mar 13, 2023

Colombia can go without Venezuelan natural gas because of promising offshore developments of its own, Felipe Bayon, chief executive of state-controlled oil company Ecopetrol, told Reuters.Companies have proposed reactivating a dormant gas pipeline…

Keppel to Deliver Guyana-bound 'Mega' FPSO to SBM Offshore in 1Q

Feb 01, 2023

Singapore's Keppel Offshore & Marine said Wednesday it was on track to deliver a 'mega' floating production, storage, and offloading vessel (FPSO) to SBM Offshore in the first quarter of 2023. This is the third FPSO that Keppel Shipyard is delivering…

Guyana Eyes Offshore Oil, Gas Blocks Award to Indian Companies in Gov't Deals

Jan 12, 2023

Guyana is looking at awarding oil and gas exploration blocks to Indian companies as part of a broader hydrocarbon cooperation it is negotiating with India, the South American nation's president said on Thursday.Guyana, home to one of the largest oil discoveries in the last decade…

Guyana Seeks Indian Investment in Its Hydrocarbon Sector - Indian official

Jan 11, 2023

Guyana wants Indian companies to invest in its oil and gas sector as the South American nation aims to expand its nascent energy sector, a senior Indian foreign ministry official said on Tuesday. Guyana's President Mohamed Irfaan Ali and Suriname's President Chandrikapersad 'Chan' Santokhi…

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