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ExxonMobil exits Russian ventures, continues success off Guyana

OilNOW -
(JPT) A busy week for ExxonMobil marked a continued company-wide transition for the world’s largest public oil and gas firm, headlined by its withdrawal from once-promising Russian joint ventures and its announcement of a seventh oil discovery off Guyana. According...
News

ExxonMobil confirms 7th oil discovery; expects 500,000 barrels per day total production

OilNOW -
Exxon Mobil Corporation confirmed on Wednesday a 7th oil discovery off the Guyana coast at its Pacora-1 well. The company said it encountered approximately 65 feet (20 meters) of high-quality, oil-bearing sandstone reservoir. The well was safely drilled to 18,363...
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ExxonMobil takes Bristow helicopters for Guyana ops

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(Offshore Energy) Offshore helicopter services provider Bristow has secured a multi-year contract to provide helicopter offshore crew change and search and rescue (SAR) services to support ExxonMobil in Guyana. The five-year deal, which is a renewal of an existing contract,...
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Guyana President downplays ‘renegotiation’ of ExxonMobil contract

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Guyana’s Head of State, President David Granger has downplayed the notion of renegotiating the Production Sharing Agreement between the South American country and ExxonMobil affiliate - Esso Exploration and Production Guyana Limited. Speaking to members of the media on Wednesday...
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Guyana oil will fuel global economic growth – ExxonMobil VP

OilNOW -
The emerging oil and gas industry in Guyana, where ExxonMobil has to date discovered an estimated 3.2 billion recoverable oil-equivalent barrels, will not only fuel economic growth in the South American country, but across the world. This is according...
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First shipment of pipes for oil production arrives in Guyana

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The first shipment of piping material to be used for oil production in the Liza development project offshore Guyana arrived on Wednesday evening at a shore base facility in the South American Country. This represents a major step towards the use...
News

Exxon moving to develop Payara by 2023; Guyana oil production could hit 450,000 bpd

OilNOW -
Exxon Mobil Corporation could sanction its third development project offshore the South American country of Guyana as early as 2023. The company’s Vice President of Investor Relations and Secretary, Jeffrey Woodbury told participants during its fourth quarter earnings call...
News

Shell Brazil CEO optimistic about Brazil’s E&P future

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(Hart Energy) For Royal Dutch Shell, 2017 was a good year in terms of E&P activities in Brazil. Ranking as the second largest oil-producing company in Brazil, after acquiring BG Group’s assets in the country, the British-Dutch major increased...
News

Stabroek Block: Exploration Highlights

OilNOW -
ExxonMobil initiated oil and gas exploration activities in Guyana in 2008, collecting and evaluating 3-D seismic data that led to the company safely drilling its first exploration well in 2015. The 6.6 million acres (26,800 square kilometers) Stabroek Block is located...
Opinions

Of Disclosures and Confidentiality

OilNOW -
The public enjoys the right, not a privilege, to know about the decisions of its elected representatives and the government, which is acting on their behalf.  The exercise of this right is, however, circumscribed by a range of sensitive...
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IEA warns of major drop in oil investment as clean energy gains momentum

Upstream oil investment is expected to decline by 6% in 2025, marking the first drop since 2020 and the...

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