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Exploration

Exploratory wells in the Orinduik Block to cost around US$35M

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The cost for exploratory wells in the Orinduik Block is expected to amount to approximately US$35M with Eco Atlantic’s participating interest anticipated to be around US$5.25 Million per well. The company has since entered into an option agreement on the block...
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Regulator cuts UK oil and gas estimates

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(BBC) The oil and gas offshore industry regulator has reduced its estimates of the amount of known oil and gas left under UK waters. The amount in known reserves and capable of extraction has dropped from 6.3 billion barrels to...
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Exxon says fire contained at Baton Rouge, La. refinery

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(Reuters) - ExxonMobil Corp said on Wednesday that a fire that occurred at its 502,500 barrel-per-day (bpd) Baton Rouge, Louisiana refinery on Wednesday morning was contained to the area. There were no injuries and no impact to community, a company...
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Oil production in Guyana could hit 400,000 bpd by 2026 – WoodMac

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Industry analyst Wood Mackenzie believes oil production in Guyana could reach as high as 400,000 barrels per day by 2026 as multiple phases of development and production come on stream. Pablo Medina, Wood Mackenzie`s senior analyst, Latin America, said ExxonMobil’s fifth...
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Exxon to pay $300M to resolve U.S. pollution cases

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(Bloomberg) Exxon Mobil Corp. agreed to pay more than $300 million to resolve air pollution violations tied to eight chemical plants in Texas and Louisiana, one of a pair of environmental settlements with oil companies announced by the Trump...
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Oil rally looks set to run into 2018 if OPEC extends output deal: Reuters poll

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(Reuters) - Oil will likely rally into 2018 with periods of volatility as an anticipated extension of OPEC-led output restrictions offsets higher U.S. production, a Reuters poll showed on Tuesday. Analysts raised their crude price projections, the survey showed, as...
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ExxonMobil Guyana issues warning about reported fraudulent activities

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ExxonMobil and its Affiliate, Esso Exploration and Production Guyana Limited (EEPGL) on Tuesday issued a public advisory, alerting businesses and the public at large to the activities of persons and/or agencies falsely claiming to be representatives of ExxonMobil, and...
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Exxon forged ahead despite Venezuela aggression, multiple risks – Persaud

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In addition to the routine nature and types of risks involved in petroleum exploration and production, US super-major ExxonMobil was also faced with the prospect of aggression from Venezuela while it was searching offshore Guyana for oil. Writing in his...
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Guyanese business group for Canada visit in November

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A group of Guyanese private sector representatives will be travelling to the Canadian Province of Newfoundland and Labrador to explore business opportunities in the oil and gas and supporting sectors. This was disclosed by Canadian High Commissioner to Guyana, Lilian Chatterjee,...
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Three-day Exxon facilitated oil spill course wraps-up

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Fifty persons in Guyana recently benefited from an oil spill management training course organized by ExxonMobil with support from Guyana’s Civil Defense Commission (CDC). The three-day University of Spill Management course concluded at the Splashmin’s Resort on the Linden Soesdyke...
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ExxonMobil sees 60% year-on-year production boost in Guyana

ExxonMobil’s Chief Financial Officer, Kathy Mikells reported a 60% year-on-year increase in crude oil production offshore Guyana, during the...

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