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Yellowtail will catapult Guyana to world’s largest oil producer per capita – Analyst

OilNOW -
When ExxonMobil’s Yellowtail Development Project at the Stabroek Block comes on stream in 2025, Guyana will be producing over 800,000 barrels of oil per day. One analyst who has been following the Guyana oil story closely says this is...
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ExxonMobil says it is global leader in carbon capture

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ExxonMobil is unbeaten globally when it comes to its involvement in carbon capture and storage (CCS), a process that mitigates the onset of global warming by reducing the volume of harmful gas emitted into the atmosphere. The company says its...
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Hess Corporation’s most impressive asset is in Guyana

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Hess Corporation's most impressive asset remains the 30% stake it has in the Stabroek Block offshore Guyana where over 9 billion barrels of oil equivalent resources have been found since 2015. The first 4 developments – Liza Phase 1, 2,...
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ExxonMobil, Iwokrama partnership grows with support for forest conservation, pandemic measures

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ExxonMobil’s ongoing partnership with the Iwokrama International Centre for Rainforest Conservation and Development (Iwokrama) in Guyana continues to grow in support of forest conservation efforts, and more recently, the implementation of measures in response to the COVID-19 pandemic. Since its...
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WWF calls for full environmental assessment of oil and gas operations in Guyana, applauds tougher measures for flaring

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The World Wildlife Fund (WWF) is calling for a full environmental and social assessment of Guyana’s oil and gas development, warning that dire consequences could be met if the South American country fails to take such steps. “Having taken note...
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COVID-19 forces Saipem to postpone opening of construction facility in Guyana

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Saipem has postponed the opening of its state-of-the-art offshore construction facility in Guyana this month after essential staff were exposed to COVID-19. The event was scheduled to take place at the company’s Water St. Georgetown location on May 22. The Italian...
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Guyanese businesses to get more capacity building support under Exxon’s US$100M initiative

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The Centre for Local Business Development will this year be focusing on the improvement of the technical capacity of local businesses, and their plans are being supported by ExxonMobil’s Greater Guyana Initiative—a US$100 million commitment to capacity building by...
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Breakdowns at Caribbean oil refinery pushes U.S. to halt operations

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(Reuters) - U.S. regulators on Friday ordered the Limetree Bay refinery on St. Croix, U.S. Virgin Islands, to cease operations for at least 60 days, throwing the multibillion-dollar overhaul of the massive plant into jeopardy. The Caribbean refinery has suffered...
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ExxonMobil on track to reinstall, safely restart gas compression equipment by June

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ExxonMobil Guyana is on track to have its redesigned gas compression equipment reinstalled and in operation by June. The company revealed in an update on Friday that repairs and upgrades to the third stage discharge silencer, a component of...
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Liza could be last major frontier oil play discovered in the world – Westwood

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The Guyana-Suriname basin is viewed by analysts in the oil and gas industry as potentially the last major frontier for billion-barrel plus deepwater discoveries. The world-class Liza discovery in 2015 was the biggest offshore oil strike made in a...
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Oil Law 101Joanna Simmons -

The PAA Series: Management Themes (Part 6)

Management Themes (Part 5) introduced our discussions of matters pertaining to the development and production of a petroleum discovery....

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