Exxon Mobil Corporation (NYSE:XOM) announced Thursday that it will become the first founding member of the new Stanford Strategic Energy Alliance, an initiative that will examine ways to improve energy access, security and technology while reducing impacts on the environment. As...
The short distance between the Payara and Pacora reservoirs offshore Guyana allows for a combined development utilizing a single Floating Production Storage and Offloading (FPSO) vessel. This would push the number of development projects offshore the South American country...
Under the Production Sharing Agreement (PSA) between ExxonMobil affiliate Esso Exploration and Production Guyana Ltd., its partners Hess and CNOOC Nexen and the Government of Guyana, movements in the price of oil will directly impact the revenue the country...
Statistics Canada says capital spending to extract oil and gas will fall for a fourth straight year in 2018.
The federal agency says a survey of investment intentions in the oil patch found spending is expected to be about $33.2 billion this year,...
Exxon Mobil Corporation confirmed on Wednesday a 7th oil discovery off the Guyana coast at its Pacora-1 well.
The company said it encountered approximately 65 feet (20 meters) of high-quality, oil-bearing sandstone reservoir. The well was safely drilled to 18,363...
ExxonMobil has made its 7th oil discovery offshore the South American country of Guyana at the Pacora well, located approximately 4 miles from the Payara reservoir in the Stabroek Block.
OilNOW understands that while the discovery is not the largest...
OilNOW can confirm that the Government will on Wednesday February 28, 2018 release the Petroleum Agreement between itself and the principals of Ratio Guyana Limited, signed on April 28, 2015.
Ratio and its principals had commenced negotiations with the Government...
As work on the Liza Destiny FPSO moves into high gear in Singapore, SBM offshore is ramping up its preparations for the arrival and operation of the vessel that will bring first oil for the South American country of...
(Jamaica Gleaner) A trip by Mexico’s foreign minister to Jamaica next month is being positioned by foreign media as the latest development in US-led pressure on the Nicolas Maduro administration in Venezuela.
A report by Reuters news agency says Maduro retains loyalty from...
(Oil Price) If the U.S. expands sanctions on Venezuela to include the oil industry and restricts U.S. exports of oil products that are crucial for diluting Venezuela’s extra-heavy oil, oil production in the country sitting on the world’s largest...