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…
Guyana
Articles from 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.

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.

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.

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.
NGI The Weekly Gas Market Report
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.
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.