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ExxonMobil makes three new discoveries offshore Guyana; increases Stabroek resource estimate to nearly 11B barrels

Green Car Congress

ExxonMobil has made three new discoveries offshore Guyana and increased its estimate of the recoverable resource for the Stabroek Block to nearly 11 billion oil-equivalent barrels. The three discoveries are southeast of the Liza and Payara developments and bring to five the discoveries made by ExxonMobil in Guyana in 2022.

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ExxonMobil announces 6th oil discovery offshore Guyana with Ranger-1; Guyana may move from non-producer to regional powerhouse

Green Car Congress

ExxonMobil Corporation announced positive results from its Ranger-1 exploration well, marking ExxonMobil’s sixth oil discovery offshore Guyana since 2015. Commenting on the Ranger-1 discovery, Guyana Minister of Natural Resources, Raphael Trotman said that: This is a most historic discovery for Guyana. Source: ExxonMobil.

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British and Brazilian companies to install bioethanol demo plant in Guyana

Green Car Congress

The two will install the units for a bioethanol demonstration plant at the Guyana Sugar Corporation (Guysuco) Albion Sugar Factory, and will be delivering a turnkey unit early next year. After detailed studies it was concluded that locally produced biofuels could have a positive impact in Guyana.

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EIA expects new production milestones for US crude oil amid sustained global petroleum demand and rising prices

Green Car Congress

The US Energy Information Administration (EIA) expects US crude oil production to surpass 12.9 In its August Short-Term Energy Outlook (STEO), EIA forecasts US crude oil production to average 12.8 Non-OPEC production growth in the forecast is led by the United States, Brazil, Canada, Guyana, and Norway. million b/d, with 1.2

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ExxonMobil announces 6th oil discovery offshore Guyana with Ranger-1; Guyana may move from non-producer to regional powerhouse

Oil (..)

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EIA forecasts growing liquid fuels production in Brazil, Canada, and China through 2023

Green Car Congress

The US Energy Information Administration (EIA) forecasts that liquid fuels production in Brazil, Canada, and China will increase this year and next, contributing to growth in overall non-OPEC petroleum production. Data source: US Energy Information Administration, Short-Term Energy Outlook (STEO), June 2022.

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ExxonMobil adds 2.7B barrels oil equivalent to reserves; replaces 183% of 2017 production

Green Car Congress

Other significant new proved reserve additions were made in Guyana, where the company funded the first phase of development last year, and in Mozambique, associated with the project funding of the Coral FLNG project in the gas-rich deepwater Area 4. Additional exploration drilling in Guyana is planned in 2018 on the 11.5

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