Guyana now a significant oil producer

[Snagglefoot]

Here is some news about the Exxon led discovery of offshore oil in Guyana, off the north coast of South America. Apparently production is now 350,000 bbls per day and increasing. Much of it is going to Europe.

Guyana oil producers ramp up exports to thirsty European refiners

Oil producers in Guyana are boosting exports to European buyers seeking alternatives to Russian crude, according to vessel monitoring data.

www.reuters.com

 

[JohnnyG]

Wondered why my Exxon stock was up today!

 

[Greasymechtech]

Are they drilling wells sideways to suck up the oil/gas from Venezuela?

 

[tyman]

Huh, nice

 

[JRed]

Wonder how long it'll be before we install a puppet government there?

 

[wpod]

Hopefully it will increase the prosperity for many.

 

[Trav]

Huh, nice

Really. US company, fix your own house first before someone else's. Frig these other countries they burned their own bridges and forced their people on their version of a green new deal, let them live with it. JMHO

 

[tyman]

Really. US company, fix your own house first before someone else's. Frig these other countries they burned their own bridges and forced their people on their version of a green new deal, let them live with it. JMHO

Got dat good good

Guyana is now producing two crudes: a medium to light sweet oil called Liza, and an even lighter grade called Unity Gold.

By 2027, the Exxon-led consortium, which only in 2019 inaugurated output, expects to pump 1.2 million bpd. Guyana is expected soon to schedule an auction of oil and gas blocks to attract new companies to its offshore fields.

and going from 350k a day to 1.2mil bpd? Ballers.

 

[Dave Hess]

Hopefully they can send some here to the USA.

Diesel almost $7 a gallon at Flying J in California.

Everything is sunshine and roses…..

 

[Trav]

Look at heating oil.

 

[Snagglefoot]

The USA actually has all the light oil it can handle, from the Permian Basin in Texas. Much of it is exported. In winter months much of the heating oil used in the NE is imported from Canada.

Where our heating oil comes from - U.S. Energy Information Administration (EIA)

Sources of heating oil in the United States: petroleum refineries and imports from other countries.

www.eia.gov

 

[ctechbob]

Don't know who is interested in these, but here's the assays from the two crudes.

https://corporate.exxonmobil.com/-/media/global/files/crude-oils/liza/crude-oil_liza_assay_jun2020.pdf

https://petroleum.gov.gy/sites/default/files/2022-03/Unity%20Gold%20Assay.pdf

 

[53' Stude]

Hopefully they can send some here to the USA.

Diesel almost $7 a gallon at Flying J in California.

Everything is sunshine and roses…..

Diesel has been $6/gallon here in PA for 2 weeks now

Hate to see what off road diesel costs

 

[53' Stude]

The USA actually has all the light oil it can handle, from the Permian Basin in Texas. Much of it is exported. In winter months much of the heating oil used in the NE is imported from Canada.

Where our heating oil comes from - U.S. Energy Information Administration (EIA)

Sources of heating oil in the United States: petroleum refineries and imports from other countries.

www.eia.gov

Nice link, thank you sir 🇨🇦🇺🇸🍻👍

 

[GON]

In 1997 I did an economic study on Guyana. The study was centered on how the only English-speaking country in South America could be so poor. Guyana was/is full bursting with natural resources to include lumber, gold, and fresh water. Yet Guyana on many scales was the poorest country in South America (in 1997). Two other weird facts, Guyana as a country only had one full-service hospital, and one properly paved main road.

On a good note- Guyana made one outstanding sipping rum- El Dorado.

And if anyone cares why an English-speaking country so rich in natural resources was so very poor- gridlock between two diverse groups. French Guyana, its neighbor to the South is so much better off than Guyana. Britian granted Guyana independence, and Guyana (as of 1997) was not healthy in managing its independence. French Guyana is still a territory of France.

 

[Snagglefoot]

With a population of around a million people, Guyana may become the largest oil producer per capital in the world. Let’s hope that government corruption does not enter into it, like so many other oil producers.

 

[tyman]

And if anyone cares why an English-speaking country so rich in natural resources was so very poor- gridlock between two diverse groups. French Guyana, its neighbor to the South is so much better off than Guyana. Britian granted Guyana independence, and Guyana (as of 1997) was not healthy in managing its independence. French Guyana is still a territory of France.

Unfortunately, often is the case in situations like that.

 

[oldhp]

Until the US gets more refineries prices ain't going down. There's plenty of oil. Saudi Arabia owns the biggest refinery in Texas. TEXAS!!!!!!!! How in the high heavens did that happen?????????

 

[4WD]

Norway awards 47 oil and gas exploration permits

 

[xgmad]

Wondered why my Exxon stock was up today!

oil right now is good stock to invest in, i paid a dollar in a share for shell stock, it is now a $1.20 !