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ExxonMobil earns $4 billion in Q2; Guyana among key projects pushing growth plan

OilNOW -
Exxon Mobil Corporation announced on Friday, July 27, its estimated second quarter 2018 earnings of $4 billion, or $0.92 per share assuming dilution, compared with $3.4 billion a year earlier. Guyana continues to play a key role in pushing the company’s...
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BP set to acquire $10.5B in shale assets from BHP

OilNOW -
In a move that will upgrade and materially reposition its US onshore oil and gas business, BP has agreed to acquire a portfolio of world-class unconventional oil and gas assets from BHP. The acquisition will bring BP extensive oil...
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Guyana remains shining light in Hess portfolio as company reports US$130M Q2 net loss

OilNOW -
Hess Corporation (NYSE: HES) on Wednesday reported a net loss of $130 million, or $0.48 per common share, in the second quarter of 2018, compared to a net loss of $449 million, or $1.46 per common share, in the...
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Tullow Oil records over $500 million profit at half year as plans for oil search in Guyana advances

OilNOW -
UK-based Tullow Oil has recorded revenue of $905 million; gross profit of $521 million; post-tax profit of $55 million and free cash flow of $401 million for the six months ended 30 June 2018. The company, in announcing its 2018...
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Exxon forging ahead with rapid exploration, appraisal drilling; second well at Ranger targeted

OilNOW -
ExxonMobil is forging ahead with its exploration and appraisal drilling programme offshore Guyana with new prospects in its crosshairs and plans to further assess proven oil fields. As the US oil major updated its total estimated recoverable reserves for...
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‘We are not embarrassed about who we are’ says Guyana’s Natural Resources Minister

OilNOW -
US Oil Company, ExxonMobil’s announcement on Monday that the updated total estimated recoverable resources for the Stabroek Block, offshore Guyana now stand at more than 4 billion oil-equivalent barrel is a “big deal for Guyana.” This is the view of the country's...
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Guyanese companies making progress in preparation for first oil – CLBD Director

OilNOW -
Guyanese businesses have improved their systems and are successfully joining the supply chain for the South American nation’s emerging petroleum industry. So says Project Director of ExxonMobil Guyana's Center for Local Business Development (CLBD) Patrick Henry who disclosed that over...
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Lack of funds to move country forward will be thing of the past – US Ambassador

OilNOW -
US Ambassador to Guyana, Perry Holloway, believes the country can expect “exciting times ahead”, as it moves towards becoming one of the largest oil-producing nations in the region. He was speaking at the US Embassy’s Independence Day celebrations held at...
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ExxonMobil Senior VP calls on Guyana’s President

OilNOW -
Guyana’s President David Granger, on Thursday, received a courtesy call from Senior Vice President of Exxon Mobil Corporation, Neil Chapman, who is in Guyana to familiarise himself with the operations, having recently taken over responsibilities for the global upstream...
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Hundreds of Norway oil workers go on strike, Shell shuts Knarr Field

OilNOW -
(Reuters) Hundreds of workers on Norwegian offshore oil and gas rigs went on strike on Tuesday after rejecting a proposed wage deal, leading to the shutdown of one Shell-operated field and helping send Brent crude prices higher. One union said...
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GranMorgu development to also tap Baja discovery – TotalEnergies

TotalEnergies announced on Friday that it will leverage its GranMorgu development to also tap the Baja discovery in Suriname's...

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