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...
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...
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...
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...
(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...
Guyana is a frontier country in terms of oil and gas and as such the fiscal regime offered to international exploration companies needed to be attractive as the area was yet to be derisked. In light of this, Guyana...
Just over three years ago the South American country of Guyana was little known around the world and completely off the radar of petroleum-producing nations. But with the giant oil discovery at the Liza field in 2015 that has...
SBM Offshore said Tuesday that ExxonMobil subsidiary Esso Exploration and Production Guyana Limited (EEPGL) has awarded the Company contracts to perform Front End Engineering and Design (FEED) for a second Floating Production, Storage and Offloading vessel (FPSO) for the...
Hess Corporation (NYSE:HES) announced on Friday that it has entered into an agreement to sell its joint venture interests in the Utica shale play in eastern Ohio to Ascent Resources – Utica, LLC for net cash consideration of approximately $400 million, effective April 1.
“We continue to focus our...
Staatsolie Maatschappij Suriname N.V. and its new partner UK-based Cairn Energy signed a production sharing contract for offshore Block 61 on June 26. Cairn Energy will search for oil in offshore Suriname.
In a statement Staatsolie said Cairn will kick-off...