ExxonMobil has filed for arbitration to retain pre-emption rights in the prolific Stabroek Block, Bloomberg reported. This comes as Chevron pursues its acquisition of Hess which has a 30% interest in the Guyana asset. The publication said Exxon’s Senior Vice...

Guyana's oil production is on an upward trajectory, headed for 900,000 barrels per day (b/d) next year. By then, the country is poised to become the world’s largest per capita producer of oil.  The three operating projects - Liza 1,...

ExxonMobil Upstream Company President, Liam Mallon, has lauded the remarkable success of Guyana's oil production, emphasizing its growth from "zero when we first started drilling" to reaching "600 and 40 something ." The unprecedented growth, Mallon points out, marks...

Bruno Chabas, Chief Executive Officer (CEO) of SBM Offshore, says the company is on track to deliver a near zero emission floating production, storage and offloading (FPSO) vessel next year. “The carbon capture solution developed in partnership with Mitsubishi Heavy...

Liam Mallon, President of ExxonMobil's Upstream Company, recently highlighted significant upcoming milestones the oil major is targeting in Guyana. He sat down with OilNOW on Feb. 20 on the sidelines of the Guyana Energy Conference and Supply Chain Expo.  Mallon...

A deal SBM Offshore signed with ExxonMobil can set the stage for a new cadre of terms and conditions for relationships with its clients, the company said in its 2023 annual report.  “The 10-year Operations and Maintenance Enabling Agreement (“OMEA”)...

ExxonMobil Guyana Limited (EMGL) has announced plans to establish a telecommunications coastal station in the Georgetown area to support operations related to the Gas-to-Energy pipeline. The station aims to facilitate communication and monitoring efforts crucial for pipeline operations and...

ExxonMobil Guyana is expected to continue with pipelaying activities from the West Coast of the Demerara River toward the Stabroek Block for the Gas-to-Energy project. Guyana’s Maritime Administration said in a notice that the shallow water pipelaying barges Stingray and...

Vice President of Guyana, Bharrat Jagdeo says the government “will live with” the result of the surprise challenge by ExxonMobil over Chevron's acquisition of Hess' stake in the Stabroek Block. Exxon and CNOOC are asserting the right of first...

SBM Offshore announced on Feb. 29 that it delivered record level financial performance in 2023 with Directional Revenue of US$4.5 billion, over 38% above guidance. The company also maintained its future backlog at more than US$30 billion. “Over the past...