Diplomats and foreign observers on Thursday questioned preliminary results of Guyana's presidential election as incumbent David Granger claimed victory and the opposition denounced fraud, setting up a showdown in the oil-rich South American nation…
Tullow Oil's Orinduik Block offshore Guyana could hold 5,1 billion barrels of oil equivalent in Gross Prospective Resources, best estimate, according to Gustavson Associates, an independent third-party auditor.This is more than a billion-barrel…
Chinese oil company CNOOC has announced the appointment of Hu Guangjie executive director and president of the company. In a statement on Friday, CNOOC said that Xu Keqiang had resigned as the President of the Company, but would remain an Executive…
Guyana's government on Wednesday launched a search for a company to market its share of crude produced at the offshore Liza well, where an Exxon Mobil Corp-led consortium began producing oil in December.The government is entitled to a share of the oil produced…
Lankhorst Offshore reports it has been awarded a contract by SBM Offshore to supply the deepwater mooring lines for the Liza Unity Floating Production Storage and Offloading (FPSO) for ExxonMobil’s Liza oil field offshore Guyana, South America…
The U.S. oil major ExxonMobil has signed a framework agreement with offshore drilling contractor Noble Corporation to extend the contracts for the three drillships currently operating for Exxon in Guyana, and potentially add more work and more rigs…
Africa-focused Tullow Oil expects its free cash flow to slide to $50 million to $75 million this year at an oil price of $50 a barrel, and to break even at prices of $45 a barrel, it said on Thursday. Free cash flow at the group had already fallen last year to $355 million from $411 million in 2018…
Dutch offshore service provider Ampelmann said it has added Guyana as a new market to its global portfolio following a contract award from compatriot floating production and mooring systems firm SBM Offshore.Ampelmann said it assisted the hook-up and commissioning of the SBM floating production…
Subsea marine robotics company Ocean Infinity said it has been awarded a contract with ExxonMobil, for high-resolution autonomous underwater vehicle (AUV) geophysical and geotechnical data acquisition within the promising Stabroek block offshore Guyana…
Guyana is aiming to complete talks with the Exxon Mobil Corp-led consortium producing oil off its coast over crude pricing, lifting costs, and scheduling before the government exports its first cargo, energy director Mark Bynoe said on Monday…
London-listed oil company Tullow Oil will most likely not be drilling any wells offshore Guyana in 2020.In its trading update on Wednesday Tullow said it expected to report pretax impairments and exploration write-offs of around $1.5 billion…
Guyana produced 35,607 barrels per day (bpd) of oil in December, following the inauguration of production in the country by a consortium led by U.S. oil major Exxon Mobil Corp, the finance ministry said in a report.Exxon has discovered more than 8 billion barrels off the coast of Guyana…
Global oil firms are preparing to spend more than $53 billion in Guyana’s coveted Stabroek Block during the coming decade.According to Rystad Energy research, recent discoveries in the Guyana-Suriname basin have proven a wider petroleum system and may cause an upgrade in resource estimates…
Marine robotics and offshore survey specialist Ocean Infinity, has completed a survey contract with the French oil major Total, in Angola, achieving what it describes as a first such survey in the industry.'The project was the first time that geophysical…
ExxonMobil has struck another oil discovery offshore Guyana and has raised its estimate for recoverable resource base in Guyana to more than 8 billion barrels of oil equivalent. This is a 2 billion barrel increase compared to the previous estimate…
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