"Guyana" News

The show must go on

Jan 01, 2017

Despite reductions in exploration spend, work goes on. Elaine Maslin speaks with Wood Mackenzie’s Andrew Latham to find out where explorers will aim their drillbits this year. Stena DrillMAX. Photo from Stena Drilling…

Exxon picks SBM for Liza FPSO deal

Dec 20, 2016

ExxonMobil has picked SBM Offshore to perform front-end engineering and design (FEED) for the floating production and storage offload unit (FPSO) for the supermajor’s Liza development offshore Guyana. In addition, subject to a final investment decision (FID)…

Year in review: 2016

Dec 13, 2016

As OE takes a look back on the year that was 2016, our website's most popular stories pretty much tell everything you need to know. It has been a depressing year for the industry with too many job cut announcements, rigs and vessel stacked (or sold)…

Eco Atlantic drops out of Ghana

Nov 23, 2016

Eco Atlantic Oil & Gas Ltd. entered into a deal to sell its total interest in Eco Atlantic Ghana Ltd. (Eco Ghana) to PetroGulf Ghana (PetroGulf), and is setting its focus on Guyana. Eco Ghana holds the Eco Atlantic’s interest in the Three Point West Deep Water Block…

Exxon's Liza confirmed as commercial

Nov 17, 2016

ExxonMobil is fast-tracking its Stabroek Block project where its giant Liza discovery lies, as the supermajor officially gave notice of the area’s commercial oil find to Guyana’s government yesterday (16 November), according the country’s Government Ministry of National Resources…

Tullow progresses on Jubilee, Norway exit

Nov 09, 2016

Tullow Oil is moving to get its Jubilee project offshore Ghana on track by year-end, as it firms up plans to divest all of its Norwegian assets by 1H 2017. Image from Tullow. “We…

Exxon down 38% in Q3

Oct 28, 2016

ExxonMobil took a 38% decline in its Q3 2016 earnings, in addition to reducing its capital and exploration expenses by 45% during the period. Image from Exxon. The supermajor’s earnings for Q3 2016 took a US$1…

Exxon's Liza-3 proves successful

Oct 26, 2016

ExxonMobil's Liza discovery, offshore Guyana, has upped its potential due to the company's successful run at the Liza-3 appraisal well, according to partner Hess Corp. The Steana Carron, from Stena…

Looking toward the bright side

Sep 27, 2016

Quest Offshore, recently acquired by Wood Mackenzie in August, outlines the highlights of the global deepwater drilling market, region by region. Melissa Sustaita sets out the details. Top…

The South American offshore boom

Sep 01, 2016

The South American offshore market is back on the heat map, due to Exxon’s major Guyana discovery and Statoil’s interest in Brazil’s Carcará, says Rystad Energy’s Kjetil Solbraekke. Statoil took over as operator of the Peregrino field (FPSO pictured)…

TEN nears first oil

Jul 27, 2016

Independent explorer Tullow Oil has returned to a profit and is looking forward to first production on its TEN project offshore Ghana next month, on schedule, and focusing its exploration efforts on South America. TEN, a floating production…

ExxonMobil's Liza holds up to 1.4 billion boe

Jun 30, 2016

New drilling results at ExxonMobil’s Liza discovery offshore Guyana are revealing the potential of recoverable resources to be up to 1.4 billion boe. Image from Exxon Twitter. The…

TEN due online in 3-6 weeks

Jun 30, 2016

Tullow Oil's TEN floating production project offshore Ghana is on schedule for first oil within the next three to six weeks, the firm announced this morning.  Tullow says the project, which is also within budget, is over 96% complete…

Hess farms into Suriname

May 04, 2016

US-based explorer Kosmos Energy has agreed to farm-out a one third stake in its Block 42 contract area offshore Suriname to Hess. In return, Hess will fully fund the cost of a 6500sq km 3D seismic survey, expected to start in Q3 this year…

Hess takes loss, drops 34% in revenue

Apr 27, 2016

Hess Corp. recorded a US$509 million loss in Q1, in addition to a 34% drop in its revenue. Image from Hess. The loss is much wider than the Q1 2015 loss of $389 million. The decrease…

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