Front end engineering and design (FEED) work has commenced on the Whiptail development project, ExxonMobil Guyana Project Manager, Anthony Jackson said Thursday.
The company had faced criticism several years ago when it was announced that a FEED contract was issued...
ExxonMobil’s Chairman and Chief Executive Officer (CEO) Darren Woods believes that the value created by its successes in Guyana are being manifested locally.
Addressing investors during the company’s recent Q4 Earnings Call, he stated “...the importance of that resource and...
An audit, launched in May 2022 of Stabroek Block costs submitted for the period 2018-2020, is due to wrap up in March this year, Guyana’s Minister of Natural Resources, Vickram Bharrat said Tuesday.
There was a misconception, Bharrat explained, that...
The Stabroek Block co-venturers intend to drill 10 exploration and appraisal wells there in 2023, Chief Executive Officer of Hess Corporation, John Hess said Tuesday.
“We continue to see multibillion barrels of additional exploration potential on the Stabroek Block,” Hess...
ExxonMobil is looking to increase its multi-billion barrel recoverable resources offshore Guyana this year. Its co-venturer Hess Corp. recently announced yet another significant discovery at Fangtooth SE-1.
And according to Rystad Energy, more discoveries will come over the next several years, with...
The Trinidad and Tobago Energy Chamber has issued an apology after a map displayed during its Energy Conference this week showed a portion of Guyana’s Stabroek Block extending over the Guyana/Venezuela border.
The Chamber said the “erroneous” map was developed...
A new Environmental Impact Assessment (EIA) published by Guyana’s Environmental Protection Agency (EPA) has confirmed that even with ExxonMobil’s aggressive development plans, the country’s carbon sink status would remain.
Basically, Guyana’s forests remove a lot more greenhouse gas (GHG) emissions...
Westwood Global Energy Group estimates that all nine discoveries made by ExxonMobil in the Stabroek Block last year were high impact, each amounting to more than 100 million barrels of oil equivalent.
The firm also determined that the Barreleye, Patwa,...
ExxonMobil’s Fangtooth discovery is being targeted for the seventh development offshore Guyana at the prolific 6.6 million acres Stabroek Block. The magnitude of the reservoir is likely to facilitate a standalone Floating Production Storage and Offloading vessel.
This disclosure was...
S&P Global has determined that six discoveries made in Guyana’s Stabroek Block, are among the 12 most valuable oil discoveries made in 2022.
In descending order, these are Lau Lau-1, Seabob-1, Barreleye-1, Fangtooth-1, Kiru Kiru-1 and Sailfin-1. They were ranked...
