Guyana gives and gives
A sixth discovery off the country's coast points to further oil riches at ExxonMobil's Stabroek Block
Guyana is the gift that keeps on giving for ExxonMobil and its partners drilling for oil in the tiny Latin American nation's waters. In early January, the consortium, which includes Hess and state-owned China National Offshore Oil Corporation, struck again in Guyana's waters at the Ranger-1 well, the sixth significant discovery in the vast 6.6m-acre Stabroek block. This is now thought to hold recoverable reserves of more than 3bn barrels of oil equivalent. The Ranger find, which was drilled 60 miles (96km) north from the original Liza discovery and closer to the Venezuelan maritime border, opened an entirely new area to potential future production. ExxonMobil and its partners are already pus
Also in this section
20 January 2025
Country offers to boost gas exports to Europe to 10bcm/yr, but serious questions remain
20 January 2025
The country’s oil and gas giant, KazMunayGas, is pushing ahead with a series of significant international partnerships
17 January 2025
Supply glut or supply deficit are both plausible outlooks, with tariffs and sanctions among the key risks that could swing the pendulum
17 January 2025
European Commission is on its way to meeting clean energy goals, but energy security concerns and higher costs may give it second thoughts
