ExxonMobil and its co-venturers, Hess and CNOOC, are set to add US$19 billion to their cost recovery bank, in addition to the approximately US$7 billion that remains to be recovered from existing investments in the prolific Stabroek Block offshore...
Cost recovery continues to be accelerated for Stabroek Block operator ExxonMobil and co-venturers Hess and CNOOC, surpassing US$25 billion at the halfway point of 2024. According to Mid-Year data from the Guyana government, oil exports from the block have...
ExxonMobil Guyana Limited is seeking qualified consultants to support its ongoing environmental and socioeconomic assessments through a new services agreement. The consultants will be tasked with monitoring, assessing, and managing environmental and social risks related to the company's offshore...
ExxonMobil's gas exploration efforts in August were a key focus in oil and gas upstream activities, according to a recent report from Rystad Energy.
The U.S. supermajor achieved success with the completion of its non-operated Sloanea-2 appraisal well on...
ExxonMobil’s two latest developments offshore Guyana – Uaru and Whiptail, have surpassed Yellowtail as the largest investments in the country’s history. Each of these projects has an estimated development cost of US$12.7 billion. Yellowtail is estimated to cost US$10 billion....
The Stabroek Block offshore Guyana hosts four highly capable Noble drillships—Sam Croft, Bob Douglas, Tom Madden, and Don Taylor—all constructed by Hyundai Heavy Industries. These vessels share the advanced Gusto P10000 design, providing high performance in ultra-deepwater environments.
Each drillship...
ExxonMobil Guyana Limited (EMGL) said in a statement on Thursday that no oil can be lifted from its Stabroek Block operations without a representative of the government being onboard the floating production storage and offloading (FPSO) vessels.
"None of...
Guyana’s new oil spill bill is due to be tabled in Parliament later this year, the government said in its 2024 Mid-Year report.
“This bill, while addressing other areas, will deal with the management of and financial responsibility for oil...
U.S. oil major ExxonMobil says it has implemented innovative technologies for the Jaguar floating production storage and offloading vessel (FPSO) which will support its Whiptail development in Guyana. The FPSO is being built by Dutch floater specialist, SBM Offshore.
The...
ExxonMobil has awarded Noble Corporation an additional 4.8 rig years of backlog under the Commercial Enabling Agreement (CEA) in Guyana, the drilling expert said on Sept. 4 in its fleet report.
This extends the contracts of four Noble drillships—Noble Tom...
