Saturday, January 19, 2019

Guyana News

Exxon Ships Have Not Returned to Disputed Area off Guyana

© Zerophoto / Adobe Stock

Seismic research vessels hired by Exxon Mobil to explore for oil off Guyana's coast have not returned to the site of a December incident with Venezuela's navy, but they may in the future…

PGS Updates on Seismic Acquisition Contract in South America

Ramform Atlas. Image: PGS

Norwegian seismic player Petroleum Geo-Services ASA (PGS) updated on changes of the contract for the 3D survey in South America announced November 14, 2018.The vessels…

Exxon Continues Drilling Offshore Guyana

(Image: ExxonMobil)

Exxon Mobil Corp said on Wednesday its oil drilling and development activities offshore Guyana were unaffected despite neighboring Venezuela's navy stopping two seismic…

Hess Expects Output Growth Through 2025

(Photo: Hess)

U.S. producer Hess Corp said on Wednesday it expects oil and gas output to grow more than 10 percent a year compounded through 2025, citing higher growth opportunities…

Hess, Conoco Raise 2019 Production Outlook

(Photo: Hess)

Oil and gas producer Hess Corp and Conocophillips both expect production for 2019 to be higher than this year even as they spend roughly the same amount of money on exploration…

ExxonMobil Makes Discovery Off Guyana

© somartin / Adobe Stock

U.S. major ExxonMobil has made its 10th discovery offshore Guyana and increased its estimate of the discovered recoverable resource for the Stabroek Block to more than 5 billion oil-equivalent barrels…

Exxon Expects 25 pct More Oil from Guyana's Offshore Block

Photo: Exxon Mobil

Exxon Mobil Corp and its partners now expect the large Stabroek oil block offshore Guyana to contain 25 percent more recoverable oil than previously estimated, the companies…

Tullow: First Kenyan Crude Shipments in 2019

(Photo: Tullow)

Africa-focused Tullow Oil expects the first crude shipments from its Kenyan oilfields in the first half of 2019 and is pricing the product for the market, the company's…

Offshore Drillers Eye Recovery by 2020

© namning / Adobe Stock

Battered oil and gas drilling companies are finally seeing piecemeal signs that the prices they charge for offshore rigs are bottoming out with Brent crude selling for…

Total Sees Cash Flow, Output Boost from Deepwater Projects

(Credit: Gonzalez Thierry - Total)

Oil and gas major Total said on Tuesday it expected deepwater oil and gas operations to make a strong contribution to its output and cash flow thanks to major developments…

Guyana Puts Oil Auctions on Hold

(File photo: Hexx Corp)

Guyana has put planned oil auctions on hold as the impoverished South American country works to establish a Department of Energy to oversee the energy boom, Minister…

Total Bought 25% in Orinduik Block Offshore Guyana

Total says has exercised option to buy a 25 pct interest in Orinduik exploration block offshore Guyana.* Orinduik operated by Tullow Oil off Guyana contains an estimated 3 billion barrels of oil and gas, i

Tullow Oil Plans to Drill First Guyana Well in 3Q of 2019

Photo: Tullow Oil

Tullow Oil plans to drill its first well in the much-watched Guyana offshore basin in the third quarter of next year in its Orinduik licence bordering discoveries by Exxon…

Transocean to Buy Ocean Rig in $2.7 Bln Deal

© Eugenio Roqueñi / MarineTraffic.com

Offshore oil driller Transocean Ltd said on Tuesday it would buy peer Ocean Rig UDW Inc in a $2.7 billion cash-and-stock deal, its second major acquisition this year…

Noble Chooses Kongsberg for Drillship Monitoring Package

Noble Bob Douglas (left) and Noble Tom Madden. Photo: Noble Corporation plc

Noble Corporation has contracted Kongsberg Maritime to deliver an advanced new real-time monitoring and advisory solution for the Noble Tom Madden drillship.The contract…

Saipem Wins $700 Mln Worth of Offshore Contracts

Photo: Saipem S.p.A.

Saipem has been awarded contracts for the second phase of the ExxonMobil led Liza development offshore Guyana.These contracts, assigned by Esso Exploration and Production Guyana Limited (EEPGL)…

Hess Corp Losses Shrink on Higher Oil Prices

Logo: Hess Corp

Oil and gas producer Hess Corp posted a smaller-than-expected quarterly loss on Wednesday as it raked in more money per barrel even as production fell, thanks to higher…

Exxon Expects More Oil from Guyana's Offshore Block

Exxon Mobil Corp and its partners now expect the large Stabroek oil block offshore Guyana to contain about 25 percent more recoverable resources than estimated, they…

Hess Warns Focus on Returns Now Will Hurt US Shale Long-term

John Hess (Photo: Hess Corporation)

Investor pressure on oil producers to focus more attention on shareholder returns and less on output will drive down vital industry investment in the long term, a leading U.S.

ExxonMobil, Hess Announce Oil Discovery Offshore Guyana

Stena Carron (Photo: Stena Drilling)

ExxonMobil and the Hess Corporation announced an eighth oil discovery offshore Guyana at the Longtail-1 well, creating the potential for additional resource development…