Latest News for: Offshore georgetown

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ExxonMobil appeals ruling by Guyanese court in oil spill insurance coverage

Federal News Radio 20 May 2023
GEORGETOWN, Guyana (AP) — American oil giant ExxonMobil said Friday it had appealed a recent Guyanese court ruling requiring it to obtain insurance for “unlimited liability” in the event of a major oil spill off the coast of Guyana ... and China National Overseas Offshore Corporation ...
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Frontera Announces First Quarter 2023 Results

The Galveston Daily News 04 May 2023
On January 23, 2023 Frontera and CGX, joint venture partners (the "Joint Venture") in the Petroleum Prospecting License for the Corentyne block offshore Guyana (the "License"), announced the spud of the Wei-1 well (the "Well"), on the Corentyne block, approximately 200 kilometres offshore from Georgetown, Guyana.
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Three local fabricators producing fixtures for ‘ONE GUYANA’ FPSO

The Daily Herald 31 Mar 2023
Also in attendance were SBM Offshore’s Project Team; outgoing President of the Georgetown Chamber of Commerce and Industry Timothy Tucker; President of the Guyana Oil and Gas Energy Chamber Manniram Prashad; President of the Guyana Manufacturing Services Association Rafeek Khan, and Chairman of the Private Sector Commission Paul Cheong.
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Oil hot-spot Guyana sees potential for lucrative carbon-offset business

Reuters 15 Feb 2023
GEORGETOWN, Feb 15 (Reuters) - Guyana, which has jumped into the forefront of offshore oil exploration, is using its inland forests to tap carbon markets, in a business the government sees as more profitable than using the acreage for mining or agriculture, Vice President Bharrat Jagdeo said on Wednesday.
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Joint Venture Spuds Wei-1 Well Offshore Guyana

The Facts 23 Jan 2023
FEC) ("Frontera"), joint venture partners (the "Joint Venture") in the Petroleum Prospecting License for the Corentyne block offshore Guyana (the "License"), announce today that the Joint Venture has spud the Wei-1 well, on the Corentyne block, approximately 200 kilometres offshore from Georgetown, Guyana.
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Guyana: 1.3 billion barrels in ExxonMobil offshore oil field

Midland Daily News 10 Jan 2023
GEORGETOWN, Guyana (AP) — A fifth major offshore oil field being developed by a consortium led by ExxonMobil at an estimated cost of $12.7 billion will add another 1.3 billion barrels of recoverable oil reserves to the 10-billion barrel Guyana-Surinam basin, the Guyanese government said Tuesday.
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AP Business SummaryBrief at 1:47 p.m. EST

SCNOW Morning News 10 Jan 2023
As Starbucks unionizing slows, some strike, others skeptical. Labor organizers hope this will be the year that Starbucks’ U.S ... locations ... World Bank ... 1.3 billion barrels in ExxonMobil offshore oil field. GEORGETOWN, Guyana (AP) — The government of Guyana says there's 1.3 billion barrels of recoverable oil reserves in another major field off its shores.
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SC Marine Warning and Forecast

The Lawton Constitution 04 Jan 2023
SC Marine Warnings and Forecast for Wednesday, January 4, 2023. SPECIAL MARINE WARNING. The National Weather Service in Wilmington has issued a. * Special Marine Warning for... * Until 200 PM EST ... SOURCE...Radar ... Buoy, Sunset Mid Shelf Buoy, Murrells Inlet Sea Buoy, Georgetown. Nearshore Wreck, Little River Offshore Reef, Myrtle Beach Rock, ... If caught on ... .
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Guyana opens bidding on 24 new offshore oil, gas blocks

Federal News Radio 09 Dec 2022
GEORGETOWN, Guyana (AP) — Guyana on Friday opened bidding on 14 new offshore oil and gas blocks, hoping to capitalize on interest in lucrative fields that are expected to make the South American nation a major oil producer ... GEORGETOWN, Guyana (AP) — Guyana on Friday opened bidding ...
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Guyana opens bidding on 14 new offshore oil, gas blocks

The Sun Chronicle 09 Dec 2022
GEORGETOWN, Guyana (AP) — Guyana on Friday opened bidding on 14 new offshore oil and gas blocks, hoping to capitalize on interest in lucrative fields that are expected to make the South American nation a major oil producer ... room that provides information about the offshore area.
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Hess to buy $750 million in carbon credits from Guyana

Federal News Radio 04 Dec 2022
GEORGETOWN, Guyana (AP) — U.S.-owned Hess Corporation, a consortium partner in Guyana’s offshore oil sector, has agreed to buy $750 million worth of carbon credits from the South American nation in the next decade as it works to ensure Guyana’s almost intact Amazonian rainforests remain standing for decades to come, officials said Saturday.
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Hess to buy $750M in carbon credits

The Manila Times 04 Dec 2022
GEORGETOWN, Guyana. US-owned Hess Corp., a consortium partner in Guyana's offshore oil sector, has agreed to buy $750 million worth of carbon credits from the South American nation in the next decade as it works to ensure Guyana's almost intact Amazonian rainforests remain standing for decades to come, officials said Saturday (Sunday in Manila).
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Hess Corporation to buy $750 million worth of carbon credits from Guyana

Jamaica Observer 03 Dec 2022
GEORGETOWN, Guyana (AP) — US-owned Hess Corporation, a consortium partner in Guyana’s offshore oil sector, has agreed to buy $750 million worth of carbon credits from the South American nation in the next decade as it works to ensure Guyana’s almost intact Amazonian rainforests remain standing for decades to come, officials said Saturday.
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Frontera and CGX Provide Update On Wei-1 Well Preparations

The Galveston Daily News 28 Nov 2022
The Wei-1 well will be located approximately 14 kilometres northwest of the Kawa-1 exploration well in the Corentyne block, approximately 200 kilometres offshore from Georgetown, Guyana and will be drilled in water depth of approximately 1,912 feet (583 metres) to an anticipated total depth of 20,500 feet (6,248 metres).
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Frontera Announces Third Quarter 2022 Results

The Facts 02 Nov 2022
The Wei-1 well will be located approximately 14 kilometres northwest of the Kawa-1 exploration well in the Corentyne block, approximately 200 kilometres offshore from Georgetown, Guyana and will be drilled in water depth of approximately 1,912 feet (583 metres) to an anticipated total depth of 20,500 feet (6,248 metres).

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