
Oil & Gas Report
News, insight, analysis and ideas about Guyana’s energy industry from the best experts in the industry.
ExxonMobil’s May 2015 discovery with the Liza wells in its Stabroek block may well signal a new era for the country’s energy sector and economy. It presents a transformative opportunity to put in place the structures and capacity needed to oversee the sector’s long-term development, effectively manage revenue streams, and ensure proper stewardship of what are finite hydrocarbon resources for future generations of citizens in Guyana. Exxon plans additional exploration in its block in 2017, citing favorable geology and promising production sharing agreement (PSA) terms.

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DOF scores batch of new offshore vessel deals
DOF has won several contracts from undisclosed clients for work in Guyana, Saudi Arabia, and the Mediterranean.
read moreGIPEX postponed: organizers eyeing Q3 2019
The Guyana International Petroleum Exhibition (GIPEX), originally scheduled to be held in March 2019, has been postponed to the 3rd quarter of the year. The inaugural event, held from February 7 to 9, 2018, at the Guyana Marriott Hotel, was organized by UK-based Valiant Business Media in partnership with the Government of Guyana and a […]
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read moreTotal pulls staff out of Venezuela after US sanctions
(AFP) French oil and gas firm Total has evacuated its staff from Venezuela where its accounts have been blocked due to US sanctions, the company’s chief executive said Thursday. “The accounts are blocked thanks to US decisions,” CEO Patrick Pouyanne said during a presentation of Total’s annual financial results. “The other practical problem is that, […]
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read moreTotal makes significant gas discovery off South Africa
Total Petroleum is reporting that it has made a significant gas condensate discovery on the Brulpadda prospects, located on Block 11B/12B in the Outeniqua Basin, 175 kilometers off the southern coast of South Africa. In a release on Thursday, Total said that the Brulpadda well encountered 57 meters of net gas condensate pay in Lower […]
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read moreExxonMobil gunning for more oil at Yellowtail as Guyana foray continues
Twelve discoveries and more than 5 billion barrels of oil later, US oil major ExxonMobil’s story in Guyana is still being written and analysts believe that more oil lay in the chapters ahead. Fresh off of its 11th and 12th discoveries announced on Wednesday, the company within weeks will begin a new drill campaign in […]
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read moreLifetime engagement in Guyana means talking to everyone – ExxonMobil CEO
Just a few days before US oil major ExxonMobil announced its 11th and 12th discoveries offshore Guyana, Chairman and CEO Darren Woods made an appearance on a quarterly earnings call where he expressed full confidence in the advancement of the company’s exploration and development activities in the South American country. Woods’ assurance of the company’s continued […]
The post Lifetime engagement in Guyana means talking to everyone – ExxonMobil CEO appeared first on OilNow.
read moreBREAKING: ExxonMobil strikes two more oil finds offshore Guyana
U.S. oil major ExxonMobil can’t stop finding oil in Guyana. After a string of discoveries last year, the company on Wednesday said it had made two additional discoveries offshore Guyana at the Tilapia-1 and Haimara-1 wells, bringing the total number of…
read moreBREAKING: ExxonMobil strikes oil again offshore Guyana in 11th and 12th discoveries
US oil major ExxonMobil has once again struck oil offshore the South American country of Guyana, this time at the Tilapia-1 and Haimara-1 wells, making it the company’s 11th and 12th discoveries in the Stabroek Block. Director of the Department of Energy in Guyana, Dr. Mark Bynoe, this morning, announced the discoveries. “This continues to […]
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read moreTechnipFMC awarded large EPCI contract for Petrobras Mero 1 pre-salt field in Brazil
TechnipFMC (NYSE: FTI) (PARIS: FTI) said on Wednesday it has been awarded a large engineering, procurement, construction and installation (EPCI) contract for the Mero 1 pre-salt field, located in the Santos Basin, at 2,100 meters of water depth offshore Brazil. The award was made by Petrobras, on behalf of the Libra Consortium, comprised of Petrobras, […]
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