a@eyesonsuriname.com

Tag: ExxonMobil

News

Apache LNG Suriname

Apache Says Talks Advancing on Floating LNG Site Between Guyana, Suriname

By Mitchell Ferman Apache Corp., confident in its oil discovery with TotalEnergies SE off Suriname’s coast, is pursuing further discussions for a floating liquefied natural gas site in cooperation with neighboring Guyana, an Apache executive told analysts and investors. Natural gas is a byproduct of oil production that companies handle in a variety of ways. Apache plans in…
Read more

Stena Carron oil drill ship

The Suriname Guyana Oil and Gas Basin

Development for Change eyesonsuriname Amsterdam, 11 August 2023 –The energy landscape of the Guyana-Suriname Basin is evolving at a rapid pace, with drilling activity set to intensify in the coming years. Noble Corporation projects the need for “6 to 7 ultra-deepwater (UDW) rigs through 2024, with potential upside from 2025 onwards” in the Basin, the…
Read more

Promising gas finds in Suriname

Promising gas finds in Suriname

eyesonsuriname Amsterdam, 16 July 2023– PETRONAS and ExxonMobil’s find in Suriname’s offshore Block 52 has promising potential to become a natural gas development, according to the state-owned oil company Staatsolie.  Current models of the Guyana-Suriname Basin, as well as discoveries made to date, indicate substantial volumes of both associated and non-associated gas. We believe that natural…
Read more

Expectations oil drilling surpassed in Guyana

Expectations oil drilling surpassed in Guyana

Suriname trails behind eyesonsuriname Amsterdam, 14 maart 2023– As soon as ExxonMobil Guyana receives approval from the Environmental Protection Agency (EPA) for its 35 multi-well programme in the Stabroek Block, drilling operations for the country could reach its peak in 2025. According to the Cumulative Impact Assessment (CIA) for the multi-well project, it was noted that several drill…
Read more

Confidence in the upcoming OilMarkets

Confidence in the upcoming OilMarkets

Profits Galore, but no words about climate change eyesonsuriname Amsterdam, 20 feb 2023– US-based private financial and investment company, The Motley Fool, says ExxonMobil’s fifth development project off the coast of Guyana is a clear indication of the major’s confidence in the oil market. The Uaru development, set to deliver first oil in 2027, is expected to…
Read more

National priorities First in Guyana

National priorities First in Guyana

Guyana Oil Fund at work eyesonsuriname Amsterdam, 20 feb 2023– US-based private financial and investment company, The Motley Fool, says ExxonMobil’s fifth development project off the coast of Guyana is a clear indication of the major’s confidence in the oil market. The Uaru development, set to deliver first oil in 2027, is expected to cost around…
Read more

ExxonMobil

ExxonMobil stabilizes contracts worth 30 billion $

Changing agreement would destabilize confidence eyesonsuriname Amsterdam, Feb 10 2023– ExxonMobil Guyana President, Alistair Routledge  defended the stability of the Stabroek Block production sharing agreement (PSA) during a media conference in Georgetown on Thursday. We’ve made now over US$30 billion worth of investment to the country based on the contract as it stands. To change the…
Read more

More than 30 discoveries offshore Guyana

More than 30 discoveries offshore Guyana

More than 30 discoveries offshore Guyana, ExxonMobil has a clear line of sight for the addition of six floating production, storage, and offloading (FPSO) vessels by 2027. Goal expected to see oil production exceeding 1.2 million barrels per day (bpd). All projects are to be located in the Stabroek Block, in which ExxonMobil holds a…
Read more

Schreiner Parker Guyana Upstream

The Great Guyana Ride

eyesonsuriname Amsterdam, 29 January 2023–ExxonMobil is looking to increase its multi-billion barrel recoverable resources offshore Guyana this year. Its co-venturer Hess Corp. recently announced yet another significant discovery at Fangtooth SE-1. And according to Rystad Energy, more discoveries will come over the next several years, with a new bulk to be exploited in 2023.   In an exclusive interview…
Read more

AMAZING GUYANA OIL AND GAS DEVELOPMENTS

Amazing Guyana Oil and Gas Developments

13 Billion $$ Involved eyesonsuriname Amsterdam, 28 Januari 2023– ExxonMobil’s fifth project in Guyana, Uaru, is shaping up to be a giant undertaking both in terms of its field development and total cost.    The estimated cost comes in at a massive US$12.7 billion – reflecting current market conditions with room for additional scope, according to…
Read more