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Monthly Archives: April 2018

Big oil firms hold back on drilling

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(The Wall Street Journal) The world’s biggest oil companies are awash in cash, thanks to rising crude prices. But few, if any, are going...

Sorubim does not condemn prospect opportunities in Stabroek Block – Exxon VP

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Responding to a question during its quarterly earnings conference call on Friday, Exxon Mobil Corporation’s Vice President of Investor Relations and Secretary, Jeffrey Woodbury,...

Oil industry is exciting but focus on agriculture equally important – Brasington

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ExxonMobil Guyana says it recognizes the important role agriculture plays in the South American country and is committed to continuing efforts that would support...

World Bank US$20M loan package to include experts for SWF workshop

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Two international experts are being provided to Guyana as part of a US$20M oil and gas assistance loan package from the World Bank, in...

Exxon lucky-run in Guyana hits snag at Sorubim; dry hole a reminder of risk...

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US oil major ExxonMobil’s unprecedented string of oil discoveries off the Guyana coast has hit a snag with no oil being found at the...

‘Exxon told us to maximize use of Guyanese employees, contractors’ – Lockwood

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Majority Guyanese-owned port facility – Guyana Shorebase Inc. (GYSB) says it has been maximizing the use of local content in its operations, which is...

Guyana begins to cash in ExxonMobil signing bonus to cover legal fees at ICJ

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Guyana has begun the preliminary process in order to cycle funds from an US$18M signing bonus received from ExxonMobil in 2016, to defend its...

Hess to acquire 15% interest in Kaieteur Block offshore Guyana

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Hess Corporation (NYSE: HES) said on Thursday that its subsidiary, Hess Guyana (Block B) Exploration Limited, had reached agreement with Esso Exploration and Production Guyana...

Guyana trumpets O&G preparedness as ExxonMobil local content support gains steam

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ExxonMobil Guyana's Centre for Local Business Development (CLBD) on Wednesday marked its one year milestone with a well-attended reception at its South Road, Georgetown...

Record 800+ Guyanese companies register on Exxon supplier portal, over 1700 persons trained

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In the short time span of around 12 months, a record number of Guyanese companies have registered on the ExxonMobil’s Centre for Local Business...