Saturday, July 2, 2022

News

Multiple foreign companies being incorporated weekly in Guyana – Nigel Hughes

Director of the Guyana Oil and Gas Association, Nigel Hughes, says a development boom is clearly on the horizon in the South American country, fueled by the emerging oil and gas industry. But, it is up to Guyanese to...

ExxonMobil earns $3.4B in 2nd quarter 2017

Exxon Mobil Corporation today announced estimated second quarter 2017 earnings of $3.4 billion, or $0.78 per diluted share, compared with $1.7 billion a year earlier, as oil and gas realizations increased and refining margins improved. “These solid results across our...

Guyana will get oil revenue from day 1 of production – ExxonMobil

Revenue from oil production will begin flowing to the Guyana government from day one of production, ExxonMobil’s Upstream Operations Manager in Guyana, Doug Mc Gehee, has confirmed. He was speaking at the time at the launch of the Georgetown...

Canadian O&G trade mission due in Guyana expected to be first of many – High Commissioner

Over 19 Canadian companies are expected to be participating in an oil and gas trade mission to Guyana during the week of September 11-15, which, according to outgoing Canadian High Commissioner to Guyana, Pierre Giroux, could be the first...

Tullow updates exploration offshore Suriname, Guyana

(Offshore) Tullow Oil says a rig, reportedly the drillship Noble Bob Douglas, has been secured for a well this fall on the 500 MMbbl-plus Araku prospect offshore Suriname. Araku is a large structural trap which has been de-risked by results of a 3D seismic...

ExxonMobil declares cash dividend

The Board of Directors of Exxon Mobil Corporation on Wednesday declared a cash dividend of $0.77 per share on the Common Stock, payable on September 11, 2017 to shareholders of record of Common Stock at the close of business...

TechnipFMC shares slide

(Reuters) - TechnipFMC's shares slid on Tuesday, a day after the oil services company said it had overstated its first-quarter net income by $209.5 million. TechnipFMC said late on Monday that the overstatement stemmed from accounting errors related to its...

No final decision yet on second FPSO for Guyana – ExxonMobil

US super-major ExxonMobil says it has not yet made a final decision on a second Floating Production Storage and Offloading (FPSO) vessel for development and production operations offshore Guyana.With gross recoverable resources for the Stabroek block now estimated to...

Become “oil smart” urges US Ambassador

US Ambassador to Guyana, Perry Holloway, is calling on all Guyanese to become oil smart. The Ambassador's call came just days before yet another discovery was announced by US super-major, ExxonMobil, off the Guyana coast. “This is a tremendously,...

ExxonMobil, Guyana officials “excited” about new discovery

The announcement on Tuesday by ExxonMobil of a new oil discovery at the Payara-2 well has reinforced a widely held belief that significantly more oil than what has so far been detected may lie beneath the Atlantic Ocean offshore...

Latest News

Nothing in the world more exciting to work on than Guyana’s projects – Exxon Upstream President

President of ExxonMobil Upstream Company, Liam Mallon, speaking at an event at State House in Georgetown on Thursday, said...