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Hammerhead will be stand-alone development – Exxon project summary 

ExxonMobil’s Hammerhead development will be a “stand alone” project, according to the summary submitted to Guyana’s Environmental Protection Agency (EPA).  Potentially, additional resources can be tapped, if determined to be feasible and economically viable, the document read.  The proposed project will...

Future oil growth likely centered in Guyana-Suriname, GlobalData finds

The oil and gas industry has long underpinned the global economy, with demand growing steadily except during the COVID-19 pandemic. New discoveries and massive oilfield reserves sustain global production, essential for meeting this demand. In May 2024, GlobalData conducted...

EPA begins review process for Exxon’s Hammerhead project

Guyana’s Environmental Protection Agency (EPA) has formally notified the public of ExxonMobil’s application for a seventh oil development at the Stabroek Block.  The regulator has determined that the proposed Hammerhead will require the compilation of an Environmental Impact Assessment (EIA)...

Guyana government, Exxon at odds over issue of attorney ‘conflict of interest’ 

Guyana’s Vice President Bharrat Jagdeo is maintaining that the newly elected Leader of political party, the Alliance for Change (AFC), has a conflict of interest due to his relationship with ExxonMobil, operator of the Stabroek Block. Nigel Hughes, the AFC...

Guyanese seizing opportunities in the oil and gas sector: From firefighter to search and rescue rear crew

The prolific oil and gas industry in Guyana has been a focal point of economic development, fueling numerous opportunities for locals to participate and thrive. One such success story is that of Kevin Sawh, a 25-year-old who recently graduated as...

Exxon conducting drilling operations at Haimara-3

ExxonMobil is continuing exploration drilling at the Haimara-3 well site in the Stabroek Block offshore Guyana. The drilling, conducted by the Noble Sam Croft, will conclude on July 31, 2024, according to a notice by the Maritime Administration Department.  The...

MODEC seeking contractors for monitoring system on 250,000 bpd Errea Wittu FPSO

MODEC Guyana is requesting contractor services for the annual maintenance and certification of the Environmental and Motion Monitoring System (EMMS) on the FPSO Errea Wittu.  This vessel is expected to initially produce 250,000 barrels of oil per day (b/d), inject...

Exxon expects dip in Q2 earnings due to lower natural gas prices, refining margins

ExxonMobil has indicated a dip in second-quarter earnings, according to a Securities and Exchange Commission (SEC) 8K form filing. ExxonMobil’s advantaged assets in Guyana, Permian Basin pushing it well ahead of competition | OilNOW It said several market factors are expected...

Exxon named ‘most active high-impact explorer’ with Guyana delivering double jackpots in 2023

The ExxonMobil-operated Stabroek Block was the site of two out of 12 high-impact discoveries of oil and/or gas made around the world in 2023, according to UK-based energy consultancy Westwood Global Energy Group. Westwood said during its State of Exploration...

Guyana will go down as having some of the best deepwater projects in history

The prolific Stabroek Block in Guyana is set to redefine the landscape of deepwater oil projects, marking a significant milestone in global energy production. Vice President and Business Service Manager of ExxonMobil Guyana, Phillip Rietema, during an appearance on...

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Guyana share of oil revenues to increase as Exxon pays down cost faster with US$100 per barrel crude  

Guyana is set to receive a bigger share of revenue from oil production as higher prices accelerate the pace...