News

While ExxonMobil Corporation is one of the few oil majors to earn record-breaking quarterly earnings totaling some US$17.9 billion, it did not do so by some mere stroke of good luck. It was due to its commitment to cost...

ExxonMobil Guyana affiliate, Esso Exploration and Production Guyana Limited (EEPGL), has contracted a second tug from towage and maritime company, KOTUG, to support operations in the Liza field, KOTUG said. The “SD Power”, which has been in use offshore Guyana...

Guyana’s exploration successes have been so frequent that the Stabroek Block is being hailed as one of the most unprecedented exploration blocks of all time. Making this comment most recently was Senior Vice President and Head of Latin America and...

Drilling operations at the Beebei-Potaro exploration well, drilled in the Kanuku licence, offshore Guyana, have been completed. The well encountered good quality reservoir in the primary and secondary targets but both targets were water-bearing. The Noble Regina Allen rig drilled...

SBM Offshore’s order book hiked to a record-breaking US$31.1 billion when it secured the contract to construct the massive ‘One Guyana’ floater for ExxonMobil’s Yellowtail development. This much was told to shareholders by SBM Offshore’s Chief Executive Officer (CEO) Bruno...

A €300 million contract has been awarded to Saipem for work on an offshore gas pipeline in Sicily, Italy. Saipem’s new deal came from Enimed, a subsidiary of Eni – one of the seven supermajors. The Italian engineering and services...

Energy market research and intelligence firm, Westwood Global Energy, has named Guyana and Namibia among oil exploration and production jurisdictions where high impact exploration has proven successful. “38 high-impact exploration wells were drilled in the first half of 2022, similar...

The Georgetown Chamber of Commerce & Industry (GCCI) is calling on Guyana’s Local Content Secretariat to delve into “contract bundling” practices being executed by a number of companies in the oil and gas industry, making it clear that it will not support such...

Rystad Energy, an independent energy research and business intelligence firm based in Norway, will present a white paper on Guyana to the business community and students from the University of Guyana. The white paper is called Guyana Upstream. It is...

Given its well-advantaged assets in Guyana and the United States along with its work in Carbon Capture and Storage (CCS), ExxonMobil Corporation believes society should not have to choose between reliable, affordable energy and reduced greenhouse gas emissions. According to...