Stabroek News

 

Eco Atlantic Agrees to Buy Guyana-focused JHI

Mar 14, 2022

Oil and gas company Eco Atlantic has agreed to acquire 100% of Toronto-based JHI Associates Inc. ('JHI'), including JHI's 17.5% stake in the Canje Block offshore Guyana.The Canje Block, offshore Guyana, is directly adjacent to the prolific Stabroek…

Guyana Talking to Middle East Firms about Offshore Oil Auction

Feb 18, 2022

Guyana is in talks with state-run oil firms from the Middle East to discover new offshore fields, Vice President Bharrat Jagdeo told Reuters, hoping to recruit a new and substantial explorer to its nascent energy industry.Results of the talks…

Factbox: Offshore Discoveries Turn Tiny Guyana into Oil Hotspot

Feb 17, 2022

A string of offshore oil discoveries has turned Guyana, a tiny South American country with fewer than 800,000 people, into one of the hottest exploration and production frontiers in decades.Since 2015, oil companies operating off its coast have…

ExxonMobil to Start Production from Second FPSO in Guyana Next Month

Jan 28, 2022

Exxon Mobil Corp. next month plans to start production at its second oil platform in Guyana, a person familiar with the matter said Tuesday.Guyana is one of Exxon's top bets for production growth. Its recent discoveries are expected to drive recoverable oil and gas volumes beyond 10 billion barrels…

Eco Atlantic Increases Exposure in Canje Block Off Guyana

Jan 19, 2022

Oil and gas firm Eco Atlantic has increased its stake in JHI Associates by acquiring additional 800,000 common shares in JHI in return for 1,200,000 new common shares in Eco.'The purchase of the 800,000 common shares in JHI is expected to be completed on 21st January 2022…

ExxonMobil Makes Two Oil Discoveries Offshore Guyana. Liza Unity FPSO on Track for First Oil in 1Q

Jan 05, 2022

Oil and gas major ExxonMobil on Wednesday announced two new oil discoveries offshore Guyana, at Fangtooth and Lau Lau wells, adding to previous recoverable resource estimate of 10 billion oil-equivalent barrels.The Fangtooth-1 well, drilled with the Stena DrillMAX drillship…

TechnipFMC to Deliver Subsea Production System for Guyana's Fourth Offshore Development

Nov 16, 2021

Oilfield services company TechnipFMC has said it has won 'a large' contract with ExxonMobil, to supply the subsea production system for the Yellowtail development in the U.S. oil major's Stabroek Block, offshore Guyana.For TechnipFMC, a “large” contract is between $500 million and $1 billion…

Guyana: ExxonMobil's Third Well in Canje Offshore Block Disappoints

Nov 01, 2021

Sapote-1, ExxonMobil's third well in the Canje Block offshore Guyana, has, after the first two wells, Bulletwood-1 and Jabillo-1, failed to unearth evidence of commercial hydrocarbon volumes, too.Westmount Energy, an indirect partner in the Canje Block through its stake in JHI Associates…

Hess Sees 1 Million bpd Oil Output from Guyana by 2027

Oct 28, 2021

Hess Corp expects to produce more than 1 million gross barrels of oil per day (bpd) in Guyana by 2027 from at least six production units, the U.S. oil producer said on Wednesday.The projection comes shortly after a second floating production…

Liza Unity FPSO Reaches Guyana

Oct 27, 2021

Exxon Mobil Corp's second floating production system for Guyana, the Liza Unity, arrived early on Tuesday in the South American country's waters, the U.S. oil company said.The production storage and offloading (FPSO) facility is expected to add 220…

VIDEO: Guyana-bound Prosperity FPSO Enters Drydock in Singapore

Oct 14, 2021

The hull of the Prosperity FPSO has recently arrived from China where it was built to Singapore where Keppel will mate it with topside modules, after which the vessel will set sail for Guyana, to become the South American country's third FPSO in production…

ExxonMobil Hikes Offshore Guyana Resource Estimate to 10 Billion Barrels, as Another Well Strikes Oil

Oct 07, 2021

U.S. oil major ExxonMobil has made yet another oil discovery in its prolific Stabroek Block, offshore Guyana, and has now increased its estimate of the discovered recoverable resource for the block to approximately 10 billion oil-equivalent barrels…

VIDEO: Guyana's Second FPSO Sets Sail from Singapore

Sep 09, 2021

Liza Unity FPSO, set to become Guyana's second offshore production unit, has been completed in Singapore and has set sail towards Guyana.Keppel Shipyard, responsible for the construction and integration of the topside modules with the China…

ExxonMobil Finds Oil at Pinktail Well, Offshore Guyana

Sep 09, 2021

U.S. oil firm ExxonMobil has made another oil discovery offshore Guyana, this time at Pinktail prospect in the prolific Stabroek Block.The Pinktail well, ExxonMobil said, encountered 220 feet (67 meters) of net pay in high-quality hydrocarbon…

Third Time's a Charm? ExxonMobil Spuds Sapote-1 Well in Canje Block, Offshore Guyana

Aug 30, 2021

U.S. oil major ExxonMobil has spudded the Sapote-1 well on the Canje Block, offshore Guyana. This is the company's third well in the block drilled this year. The first two wells, Bulletwood-1 and Jabillo-1, failed to find evidence of commercial hydrocarbons…

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