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Dutch firm SBM Offshore has commenced the construction phase of the Liza Unity floating production, storage and offloading vessel (FPSO) following ExxonMobil’s final investment decision (FID) on the Liza Phase 2 development, in May 2019. This follows the recent delivery...

The billions of dollars from oil production and multitude of opportunities opening up to the South American country of Guyana “will pale into insignificance” if the nation’s 750,000 people fail to unite. Director of Guyana’s Department of Energy, Dr. Mark...

Several countries are “locked and loaded” to fill the oil supply gap left by the attack on Saudi Arabia, Rystad Energy said on Friday, which is according to its field-by-field analysis. Neutral Zone: around 520,000 bpd Iraq: around 290,000...

(Reuters) - The International Energy Agency (IEA) may cut its growth estimates for global oil demand for 2019 and 2020, should the global economy weaken further, its chief said on Friday. The Paris-based agency trimmed in August its global oil...

Director of Guyana’s Department of Energy Dr. Mark Bynoe says while the current political climate and parliamentary inactivity are concerning, the Department is forging ahead with its work including recruiting key staff and pursuing a number of initiatives, in preparation...

ExxonMobil Guyana held a safety workshop on Thursday for companies that provide onshore services to support its operations. The workshop focused on life saving actions, learning from incidents, field leadership and workforce engagement. Staged at the Pegasus Hotel in Kingston,...

ExxonMobil announced on Thursday that it has signed an agreement with Vår Energi AS for the sale of its non-operated upstream assets in Norway for $4.5 billion as part of its previously announced plans to divest approximately $15 billion...

Guyanese could go the polls by March 2, 2020 to elect a new government. This was announced by the country’s President, David Granger, in an address to the nation on Wednesday evening. The President said after speaking with the country’s...

ExxonMobil is evaluating several wells on its multi-billion-barrel Stabroek block offshore the South American country of Guyana where it has made a record 14 discoveries since 2015. As the US oil major looks for new plays in different areas on...

(Bloomberg) In November 2010, Exxon Mobil Corp. dispatched workers to a platform off the coast of Brazil, hoping to strike oil in one of the energy industry’s most anticipated drilling programs. About 2,300 meters (1.4 miles) below the surface,...