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The Cooperative Republic of Guyana opened a bidding round for 14 oil and gas blocks in its oil-rich offshore, hoping to award exploration contracts by the end of May. Guyana has become home to one ...

Exxon, Hess and a major Chinese oil company believe the Liza field and surrounding regions, about 118 miles off the coast of the South American country, holds some 2 billion to 2.5 billion barrels ...

Uaru, drilled in 1,933 meters of water, is located approximately16 kilometers northeast of the Liza field, which began producing oil in December 2019.

The Liza field, set to come on stream in December, is being readied as the first of an initial five separate Guyana oil developments the partners, which includes China's CNOOC, have projected to ...

The analysis of other frontier countries that opened up for E&P, such as Falklands, Israel, Mozambique and Mauritania, has government take is the range of 50/65% The Norwegian oil and gas research ...

Exxon describes it as a “world-class discovery with a recoverable resource of between 800 million and 1.4 billion oil-equivalent barrels.” ExxonMobil and its partner Hess Corp. have announced ...

The oil company says drilling and development operations offshore Guyana have been unaffected by the December 22 incident US energy company ExxonMobil has started drilling one of two new ...