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Over $20B in fixed assets, 3,500 employees; ExxonMobil marks 125 years in Singapore

OilNOW -
(The Straits Times) This year marks the 125th anniversary of ExxonMobil’s presence in Singapore. Starting out in 1893 as a small trading company at Robinson Quay selling kerosene and lubricants, ExxonMobil has since become one of Singapore’s largest foreign...
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Uncertainty as $3.8B Egina FPSO vessel approaches Nigeria

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(All Africa) There are palpable fears that the position of the Nigerian Ports Authority (NPA) to bar the much-expected Egina Floating Production Storage Offloading (FPSO) vessel from the Nigerian waterways may jeopardise the multi-billion-dollar oil project. Egina Floating Production and...
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UTEC secures major deal from Liza subsea contractor TechnipFMC affiliate

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UTEC, a global survey company in subsea services group Acteon said it has won a contract from Technip Oceania Pty Ltd, part of TechnipFMC in Australia, to provide survey and positioning services on the Greater Enfield Project, offshore Western...
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Hess Corporation expects significant returns on Guyana investment

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The announcement by ExxonMobil Corporation on Friday of a 6th oil discovery off the coast of Guyana has further cemented the view that investment in exploration and production activities in the South American country will see significant returns. Even before...
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OPEC’s moves to determine fate of oil markets in 2018

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After a volatile 2017, oil markets turn towards 2018 and the topics that will dominate the next 12 months. Below Stratas Advisors sorted the risks into four main topics that its analysts predict will dominate the 2018 news cycle. What...
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TT’s economy to benefit from BP’s Juniper project in 2018 – Kevin Ramnarine

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Former Minister of Energy in Trinidad and Tobago, Kevin Ramnarine, believes that during 2018 the country's economy will benefit from petroleum production by BP’s Juniper project; said to be the largest new project there in several years. BP has invested around...
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PSC decries ‘lack of local content’ in ExxonMobil agreement

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In wake of the release of the ExxonMobil contract on December 28, 2017, the Private Sector Commission (PSC) has decried what it describes as a paucity of benefits for the business community and hopes that this can be addressed...
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Guyana’s long promised blessing being released – Trotman

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The announcement on Friday of a 6th oil discovery off the Guyana coast by US oil major, ExxonMobil, has further cemented Guyana’s place as a significant emerging petroleum producer in the region. The South American country’s Minister of Natural Resources,...
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CGX, Repsol sign on as GIPEX 2018 Gold Sponsors

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Spanish Company Repsol Exploracion Guyana S.A. and Canadian Company CGX Energy inc. have signed on to the Guyana International Petroleum Business Summit - GIPEX 2018 - as Gold Sponsors, weeks following ExxonMobil’s coming on board the event as its...
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Exxon makes ‘significant’ oil discovery at Ranger-1 offshore Guyana

OilNOW -
US oil major ExxonMobil announced today positive results from its Ranger-1 exploration well, marking the company's sixth oil discovery offshore Guyana since 2015. The Ranger-1 well discovery adds to previous world-class discoveries at Liza, Payara, Snoek, Liza Deep and Turbot,...
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Guyana's Oil LedgerKemol King -

Guyana oil fund gets US$228 million in October

Guyana received US$228 million (GY$48 billion) in oil revenues in October, according to the latest update on the operations...

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