Guyana

ExxonMobil Green Lights Another Oil-Rich Project Offshore Guyana

ExxonMobil Green Lights Another Oil-Rich Project Offshore Guyana

With government approvals in hand, ExxonMobil and its partners have pulled the trigger to move forward with the Payara field offshore Guyana in the estimable Stabroek Block. Payara, the third project in the abundant region, is estimated to cost $9 billion and is designed to produce up to 220,000 b/d. The project is set to…

October 2, 2020
ExxonMobil Tallies 16th Oil, Gas Discovery Offshore Guyana

ExxonMobil Tallies 16th Oil, Gas Discovery Offshore Guyana

ExxonMobil, which rode the wave for worldwide exploration last year in part because of the prolific Guyana portfolio, announced another discovery offshore the South American country, where recoverable resources already were estimated at more than 8 billion boe.

January 28, 2020
Hess Capex Budget Puts Priority on Bakken, South America

Hess Capex Budget Puts Priority on Bakken, South America

Hess Corp. is once again directing the lion’s share, more than 80%, of its planned $3 billion capital expenditure (capex) budget for 2020 to high-return investments in the Bakken Shale and offshore Guyana.

January 28, 2020
ExxonMobil Tallies 16th Oil, Gas Discovery Offshore Guyana

ExxonMobil Tallies 16th Oil, Gas Discovery Offshore Guyana

ExxonMobil, which rode the wave for worldwide exploration last year in part because of the prolific Guyana portfolio, announced another discovery offshore the South American country, where recoverable resources already were estimated at more than 8 billion boe.

January 28, 2020
Hess Capex Budget Puts Priority on Bakken, South America

Hess Capex Budget Puts Priority on Bakken, South America

Hess Corp. is once again directing the lion’s share, more than 80%, of its planned $3 billion capital expenditure (capex) budget for 2020 to high-return investments in the Bakken Shale and offshore Guyana.

January 28, 2020

Natural Gas Dominates ’19 Global Discoveries, with Offshore in Focus

Natural gas and oil explorers discovered up to 13 billion boe worldwide in 2019, the most volumes since 2015, with most in deepwater and three-quarters weighted to gas.

January 13, 2020

Global Oil, Gas Exploration Gaining Momentum, With 112 Spuds Likely This Year

Worldwide oil and natural gas exploration is moving up, rising by 23% year/year in 2017 to 546 wells after plunging during the commodity price downturn in late 2014, according to 1Derrick.

March 28, 2018