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ExxonMobil Guyana to enhance logistics with new freight forwarding agreement

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ExxonMobil Guyana Limited (EMGL) is gearing up to finalize an agreement for freight forwarding services to seamlessly move company materials, equipment, and supplies to and from designated origins and destinations.  According to a public request for information (RFI), under the...
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Exxon completes US$60 billion Pioneer acquisition

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ExxonMobil said it completed its acquisition of Pioneer Natural Resources, in a May 3 release. The largest deal for the oil major since the merger of Exxon and Mobil was valued at US$59.5 billion, Exxon had said in its October...
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Noble Voyager has moved on to the Sloanea-2 well offshore Suriname

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The Noble Voyager drillship has commenced drilling at the Sloanea-2 well at Block 52, Staatsolie told OilNOW. This follows the completion of drilling operations at the Fusaea-1 well.  Petronas has opted to extend its contract with Noble Corporation for the Voyager...
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ExxonMobil Guyana to release 2023 financials in a month – Routledge

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ExxonMobil will release a report on the 2023 financial results of its Guyana affiliate in a month, its Guyana President Alistair Routledge said during an April 30 press conference.  They were initially expected in April. Phillip Rietema, ExxonMobil Guyana’s Chief Financial...
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Exxon won’t recover investment in Guyana pipeline until first gas – Routledge

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Guyana’s repayment for the US$1 billion invested in the Gas-to-Energy project does not start until it is commissioned. ExxonMobil Guyana President, Alistair Routledge, made this point during an April 30 press briefing. Reports in a section of the media had...
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12 blocks on auction in Nigeria’s 2024 licensing round 

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The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has initiated its 2024 Licensing Round, unveiling an array of oil exploration opportunities.  According to the NUPRC, this latest offering comprises 12 new oil blocks and seven deep offshore assets carried over from...
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Capping stack now just weeks away from arriving in Guyana – Exxon 

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The arrival of a capping stack in Guyana is imminent, ExxonMobil Guyana President, Alistair Routledge said. The government mandated that the company have one in-country in case of a large spill. “We did commit to purchasing one that will...
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Touchstone to acquire Trinity Exploration

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Touchstone Exploration announced its acquisition of Trinity Exploration and Production, a May 1 release from the Trinidad and Tobago Energy Chamber outlined. The agreement entails Touchstone acquiring all issued and to-be-issued ordinary share capital of Trinity in an all-share...
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Exxon’s 11-billion-barrel Guyana reserve estimate ‘hasn’t moved’ significantly – Country President 

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ExxonMobil Guyana President, Alistair Routledge said during an April 30 press conference that the company’s reserves estimate for the Stabroek Block has not changed much beyond the 11 billion barrels stated in 2022.  The company made 10 more discoveries after...
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July-August period for Liza projects shutdown – Exxon 

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ExxonMobil’s scheduled shutdown of the Liza Destiny and Liza Unity floating production, storage and offloading (FPSO) vessels to facilitate the Gas-to-Energy project pipeline hookup will occur sometime in July-August.  Country President, Alistair Routledge disclosed same at an April 30 press...
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Energy Chamber Head urges Guyanese youths to embrace long-term opportunities in oil sector 

President of the Guyana Oil and Gas Energy Chamber (GOGEC), Manniram Prashad, has called on Guyanese youth to embrace...

OilNOW is a Resource Center founded and owned by Guyanese. OilNOW is an apolitical, non-partisan, privately owned agency that strives to ensure the highest degree of accuracy and balance.

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