Guyana continues to enjoy its place as a global exploration hotspot
Guyana keeps the oil finds flowing
Latin America’s latest crude producer again proves its status as a world-class petroleum province
The Stabroek block offshore Guyana is the gift that keeps on giving for joint venture partners ExxonMobil, US independent Hess and Chinese state-controlled Cnooc. Less than two months after drilling success at the Whiptail prospect, the consortium has added another major discovery further south at the Pinktail exploration well. The discovery is the 20th major offshore find in the Stabroek block and pushes its recoverable resource base beyond 9bn bl oe. “Our exploration successes continue to increase the discovered resource and will generate value for both the Guyanese people and our shareholders,” says Mike Cousins, senior vice president of exploration and new ventures at ExxonMobil. An
Also in this section
3 June 2025
Datacentres to drive demand for gas and position the fuel as more than just a bridging solution
2 June 2025
It is time to acknowledge that the US-Saudi Arabia nexus is driving a fundamental shift in OPEC strategy
2 June 2025
More than anything else, weak Chinese gas demand is providing relief to EU consumers, but it is uncertain how long this relief will last
30 May 2025
Energy majors argue transition debate has started to factor in the complexities of demand shifts and the wider role for gas
