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ExxonMobil stakeholder plan provides avenue for feedback from Guyanese

OilNOW -
As part of the preparations for the Liza Phase 1 Development offshore Guyana, US oil major ExxonMobil, through its local affiliate, has developed a detailed Stakeholder Engagement Plan (SEP) that outlines how the company will interact with groups connected...
News

Guyana oil reserves now exceed 4 billion barrels; daily estimated production to hit 700,000 – Wood Mack

OilNOW -
UK-based industry analyst, Wood Mackenzie, says the most recent oil discovery made by ExxonMobil in Guyana could push daily production to 700,000 barrels of oil per day by 2027 while estimating total recoverable reserves in the Stabroek Block to...
Exploration

Hammerhead is next stop for Stena Carron as oil search continues offshore Guyana

OilNOW -
Fresh off of its eight oil discovery offshore Guyana, ExxonMobil is set to continue its exploration campaign at Hammerhead-1 in the 6.6 million acres Stabroek Block. Senior Director, Public and Government Affairs, Kimberly Brasington, said the Stena Carron will soon...
News

TechnipFMC, DOF Subsea announce start of charter contract with Brazil’s Petrobras

OilNOW -
TechnipFMC and DOF Subsea (DOF) announced on Thursday that the Skandi Recife, a Brazilian-flagged flexible lay and construction vessel owned by the joint venture formed between TechnipFMC (50%) and DOF (50%), commenced its 8-year charter contract with Petróleo Brasileiro...
News

Guyana vows to honour ExxonMobil deal as countdown to first oil begins

OilNOW -
Speaking at a reception on Tuesday to mark the start of the development phase of Liza Phase 1 in Guyana, the country’s Minister of Natural Resources, Raphael Trotman, said responsible governments do not arbitrarily redefine contract terms with a company...
News

‘Pay more attention to oil price rather than contract’ – urges Guyanese engineer

OilNOW -
The volatility of oil price is a key factor in making projections about revenue, and as such, keen attention should be focused in this area as Guyana moves towards first oil.  In fact, Guyanese scientist and Director at Mid-Atlantic...
News

Exxon lucky-run in Guyana hits snag at Sorubim; dry hole a reminder of risk in E&P

OilNOW -
US oil major ExxonMobil’s unprecedented string of oil discoveries off the Guyana coast has hit a snag with no oil being found at the Sorubim-1 well where the Noble Bob Douglas has been drilling in recent weeks. Vice President of...
News

Large oil spill “statistically unlikely” but preparation is key – Exxon Country Manager

OilNOW -
Speaking at the opening of a major capacity building workshop on Oil Spill Response in the South American country of Guyana, Country Manager of ExxonMobil, Rod Henson, stressed the importance of being prepared, even while highlighting that the likelihood...
News

Saipem secures contracts in Offshore Drilling and Offshore E&C

OilNOW -
ExxonMobil Guyana Tier 1 contractor Saipem has been awarded new contracts in Offshore Drilling involving the sixth-generation semi-submersible rig Scarabeo 8, suitable for harsh environments. Drilling activities will take place offshore Norway, and will last approximately 10 months, excluding...
News

Guyanese among crew poised to embark on historic drill campaign aboard Noble Bob Douglas

OilNOW -
Currently positioned approximately 88 nautical miles off the Guyana coast in the deep blue waters of the Atlantic Ocean, the Noble Bob Douglas hovers above the 13th well being drilled by ExxonMobil in the Stabroek Block. The US oil...
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Nigeria’s Petroleum Commission confirms ExxonMobil’s US$1.5B investment in the country’s deepwater oil sector

The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has confirmed that ExxonMobil will invest $1.5 billion in Nigeria’s deepwater oil...

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