TechnipFMC, one of the prime contractors for ExxonMobil affiliate, Esso Exploration and Production Guyana Limited (EEPGL), said on Thursday that it recorded US$1.7 billion in revenues for the third quarter of this year. Chair and Chief Executive Officer (CEO), Doug...

The US$30 million (GY$6 billion) Nismes wharf and laydown yard development, conceptualised by GAICO Construction and General Services Inc. is expected to be operational from January 2023. This is according to GAICO’s Managing Director, Komal Singh. The facility will serve as the land base from which pipeline laying for the Gas-to-Energy project could progress. Singh has described the project as...

Development work for two large ExxonMobil-led Guyana projects - Payara and Yellowtail - are progressing. Hess Corporation, a 30% stakeholder in the Stabroek Block where both projects will be operationalized, provided an update this week. The projects will add nearly...

American oil giant ExxonMobil Corporation posted yet another record-breaking profit with earnings for the third quarter of 2022 totalling US$19.7 billion. In the second quarter, the company recorded US$17.9 billion in earnings, its largest quarterly record ever at that time. This...

The International Court of Justice (ICJ) has announced that it will hold public hearings in the case concerning the Arbitral Award of 3 October 1899 (Guyana v. Venezuela) – the matter concerning the controversy over the Essequibo region –...

ExxonMobil is the latest in over 20 oil and gas companies operating in Guyana to have their five-year Local Content master plans approved by the regulator. Exxon, Saipem Guyana Inc., and Gulf Engineering Services Guyana Limited got their approvals this...

ExxonMobil’s fifth and largest development project in Guyana to date is likely to cost more than US$10 billion due to inflationary pressures. Providing insight on the expected cost for the Uaru development on Wednesday, was Hess Corporation, a 30% stakeholder in the Stabroek Block. During its...

American energy company, Hess Corporation disclosed on Wednesday that it made a net income of US$515 million, or US$1.67 per common share, in the third quarter of 2022, compared with net income of US$115 million, or US$0.37 per common...

ExxonMobil on Wednesday announced two discoveries at the Sailfin-1 and Yarrow-1 wells in the Stabroek block offshore Guyana, adding to its extensive portfolio of development opportunities. ExxonMobil has made more than 30 discoveries on the block since 2015, and...

Drilling operations are set to continue at the Fangtooth reservoir in the Stabroek Block offshore Guyana. Operator of the block, ExxonMobil, is utilizing the Stena Carron rig for this latest operation. OilNOW understands the well site is situated approximately 100.8...