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Operating and proposed projects in the Stabroek block. Esso, a subsidiary of ExxonMobil, began exploring the off-shore region in 2008. [10] In May 2015 ExxonMobil announced discovery of more than 90 metres of high-quality, oil-bearing sandstone reservoirs about 200 km off the coastline, [11] considered to be one of the largest crude oil discoveries of the past decade. [12]
Guyana has opened bids for 14 offshore oil blocks available for exploration and development as the South American country seeks to ramp up oil production. Six companies and groups submitted bids ...
U.S. oil major Exxon Mobil and partners are continuing to negotiate with Guyana's government on the terms for developing a shallow-water oil block, an Exxon spokesperson said on Monday. Exxon ...
In May the government of Guyana announced that ExxonMobil had indeed found promising results in their first round of drilling on the so-called Stabroek Block, an area offshore the Essequibo territory with a size of 26,800 km 2 (10,300 sq mi). The company announced that further drillings would take place in the coming months to better evaluate ...
December 20 – Production of crude oil starts from the Liza oil field in the Stabroek Block offshore Guyana. [1] Scheduled – The 2019 Guyanese general election was postponed and held on 2 March 2020.
By 2023, BBC News reported that Guyana had discovered 11 billion barrels worth of oil reserves. [33] Guyanese Natural Resources Minister Rafael Trotman admitted that ExxonMobil had financially backed Guyana for legal disputes, [ 34 ] in addition to a "non-disclosed signing bonus" paid by ExxonMobil according to then president David Granger.
Surveillance video captured him exiting the park and taking a taxi to a bus station in northern Manhattan, where police believe he got on a bus to flee the city. Police said Thompson appeared to ...
The old name of the city is still reflected in Georgetown's main market, Stabroek Market, which has existed on or near its present location since the 18th century, [7] and the newspaper Stabroek News, established in 1986. [8] The Parliament Building is located in Stabroek on the same spot where the Court of Policy used to be. [6]