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Exploration

Ramform Tethys among vessels undertaking new ESSO surveys

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On January 12, 2019, ExxonMobil affiliate Esso Exploration and Production Guyana Limited commenced 3D and 4D seismic surveys within the southern portion of the Stabroek Block off the Guyana coast, just weeks after the Venezuelan navy intercepted two contracted...
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Busy year ahead for ExxonMobil Guyana as country gallops to first oil

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2019 will be a ‘very busy year’ for ExxonMobil in the new South American oil and gas hotspot of Guyana, as exploration activities are ramped up and work intensifies in preparation for first oil by 2020. “We are currently drilling two...
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Ex-Halliburton Chairman Dave Lesar to start new oil-services company

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(Bloomberg) Dave Lesar, fresh from retiring as Executive Chairman of Halliburton Co. at the end of 2018, is working on a new venture in the oil patch with funding from private equity firm CSL Capital Management. Lesar, 65, plans to start an...
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Exxon to be Indonesia’s biggest oil producer in 2019 -regulator

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(Reuters) Exxon Mobil Corp unit Exxon Mobil Cepu Limited is expected to produce 216,000 barrels per day of crude oil in 2019, making it Indonesia’s biggest oil producer, the country’s upstream oil and gas regulator (SKKMigas) said. In second place...
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US must play key role in supporting democracy in Guyana, help country avoid ‘descent into chaos’ – Evan Ellis

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A senior Associate attached to the Center for Strategic and International Studies (CSIS) - a think tank based in Washington, D.C. – believes the United States has a vested interest in ensuring that the emerging South American oil giant,...
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Norway awards 33 oil firms a record number of exploration blocks

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(Reuters) Norway awarded 33 oil companies a record 83 blocks to explore for petroleum resources in mature areas of the Norwegian continental shelf, the country’s oil and energy minister said on Jan. 15. A total of 38 oil companies had...
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Jamaica seeking to retake Venezuela’s stake in Petrojam

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The Jamaica government said last week it will be enacting special legislation that would allow it to forcibly retake the 49 per cent stake held by Venezuela in the state-owned oil refinery Petrojam, according to a report on the...
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Guyanese Danco joins forces with UK’s CSM to provide state-of-the-art logistics services

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It is full throttle ahead for Guyana’s oil and gas program as US oil major ExxonMobil prepares to begin extracting crude in 2020. Experts and pundits alike are touting Guyana as the leading oil discovery nation for 2018, ahead...
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TechnipFMC’s Chairman calls it a day

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ExxonMobil Guyana Prime Contractor – TechnipFMC, announced on Wednesday that the company’s Executive Chairman, Thierry Pilenko has decided to retire from the Board of Directors, effective May 1, 2019, after the Company’s Annual General Meeting. Mr. Pilenko was appointed Executive...
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Venezuela claim on Guyana territory cuts Stabroek Block…’entirely’ – Greenidge

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More than five billion barrels of oil have been discovered to date off the Guyana coast in an area called the Stabroek Block which is internationally recognized to be part of the South American country’s Exclusive Economic Zone (EEZ)....
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Exxon says U.S. senators were misled; no Guyana tax credits included in its 2023 & 2024 filings

President of ExxonMobil Guyana, Alistair Routledge, has rejected claims that the company benefited from tax credits in Guyana for...

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