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Busy year ahead for ExxonMobil Guyana as country gallops to first oil

OilNOW -
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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TechnipFMC’s Chairman calls it a day

OilNOW -
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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CNOOC Limited’s Egina Field commences production

OilNOW -
CNOOC Limited, a 25 percent stakeholder in Guyana’s prolific offshore Stabroek Block along with ExxonMobil (45 percent) and HESS (30 percent), announced on January 2, 2019 that its Egina Field, located in deepwater offshore Nigeria, has commenced production. The company...
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Hess expects free cash flow generation by 2022 – John Hess

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CEO of HESS Corporation John Hess said that despite the volatility in oil prices and the decline of financial markets, Hess has not changed its long-term strategy with a focus on executing it to deliver value to its shareholders...
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Guyanese business group calls for swift implementation of local content framework

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The Private Sector Commission of Guyana (PSC) is calling for the swift implementation of a local content framework within which local businesses can operate and meaningfully benefit from opportunities in the emerging oil and gas industry. Speaking at the Liza...
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Stabroek Block explorers have a lot riding on Guyana

OilNOW -
The expectations from the giant oil discoveries in Guyana continue to take centre-stage in the growth plans and projections of venture partners ExxonMobil, Hess and CNOOC. With a record 10 discoveries to date amounting to more than 5 billion barrels...
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Longtail, Turbot, Pluma and Tilapia could be jointly developed with 220,000 bpd FPSO

OilNOW -
ExxonMobil and its partners Hess and CNOOC are turning their attention to the Tilapia prospect, located some 3.4 miles (5.5 kilometers) west of the Longtail-1 well in the prolific 6.6 million acres Stabroek Block offshore Guyana. Industry analyst Wood...
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Energy Department prepping for Guyana oil bonanza

OilNOW -
Guyana’s newly established Department of Energy (DoE) is currently looking at a series of capacity building initiatives that will allow it to better meet its’ objectives in the country's emerging oil and gas sector. Since 2015, US oil major ExxonMobil...
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Finance minister says major transformation from oil money coming; promises tight controls on revenue

OilNOW -
Guyana’s Finance Minister, Winston Jordan, says the revenue to be earned from the first phase of oil production in the South American country – around US$300M annually – will go directly into the Natural Resources Fund and will eventually...
News

Noble Tom Madden will deploy to south portion of Stabroek Block for Pluma drill campaign

OilNOW -
ExxonMobil Guyana is eagerly awaiting the arrival of its third drillship; the Noble Tom Madden, which will begin searching for oil at the Pluma prospect in the south portion of the Stabroek Block by the end of October. The company’s...
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GranMorgu FPSO construction hits 27% as Suriname targets first oil by 2028

Construction of the floating production, storage and offloading (FPSO) platform for Suriname’s GranMorgu project has reached 27%, state oil...

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