Hess Has Decided on a New Field in Guyana
Has Hess decided to wrest Whiptail from Exxon? Hess has received approval for its sixth project in the Stabroek block, Whiptail, offshore Guyana. She enlisted the support of the country’s authorities. Already at the end of 2027, Whiptail’s capacity should increase by 250 thousand b/d. Resources at Whiptail are 850 …
ExxonMobil Will Continue Development of Whiptail, the Sixth Project in the Stabroek Block Offshore Guyana
ExxonMobil said it has made a final investment decision to proceed with the development of Whiptail, the sixth project in the Stabroek block in Guyana, following receipt of the necessary government and regulatory approvals. The Whiptail project, which will use a FPSO (product storage and offloading vessel), will require an …
ExxonMobil Has Found Another Offshore Field In Guyana
The company says it has discovered new oil in Guyanese waters. The discovery in question is called Bluefin in the Stabroek block offshore Guyana. This is the company’s first new find in 2024. Stabroek is the main production area of a large field discovered by Exxon off the coast of …
Exxon and Hess Abandon Guyana Oil Block
US companies have abandoned exploration of the Kaieteur block in deepwater Guyana after disappointing exploration results. Exxon, Hess said they now want to focus on the highly productive Stabroek block, where more than 11 billion barrels of oil and gas have been discovered. The Kaieteur block, abandoned by Exxon and Hess, …
Exxon, Hess and CNOOC Prepare New Oil Project in Guyana
American and Chinese oil and gas companies are preparing to launch the sixth offshore oil project in the Latin American country. $12.93 billion has been allocated for its development. The new project, called Whiptail, will be commissioned in 2027. This is not the first permission for a new oil production …
Guyana Could Become the Fastest Growing Oil Province in the World
The consortium, which includes ExxonMobil, US oil company Hess and China’s CNOOC, plans to spend $12.93 billion to develop its sixth offshore oil project in Guyana. The floating production platform for the Whiptail project will start operating in 2027 and will provide more than 1.2 million barrels per day of …
Guyana Refuses to Join OPEC to Increase Oil Production
Guyana has rejected an offer from the Organization of Petroleum Exporting Countries to join OPEC, The Wall Street Journal reported, citing sources. The material says that in recent months the republic has been repeatedly invited to join the organization by OPEC Secretary General Haytham al-Ghais and Saudi Energy Minister Prince …
ExxonMobil and Guyana Negotiate to Return Unexplored Offshore Oil Areas
ExxonMobil and Guyana are negotiating which unexplored offshore reserves will be returned to the Guyanese government. This became known after negotiations between ExxonMobil and the authorities of Guyana. Guyanese authorities worry about ExxonMobil’s oil and gas hegemony When oil was discovered in Guyana, no one thought that there would be …