Vice President of Guyana, Dr. Bharrat Jagdeo said that it is important for ExxonMobil to meet its obligations in the unlikely event of a spill offshore. However, he argued government will not support a process that damages the country’s...
Guyana's Environmental Protection Agency (EPA) has released the final terms of reference (TORs) for the Environmental Impact Assessment (EIA) which is to be conducted for ExxonMobil's sixth project offshore the South American country.
Prepared by the Agency and London-based...
The dual-activity dynamically positioned (DP3) drillship, Stena Carron, is undertaking operations in the deep waters off the Guyana coast in the ExxonMobil-operated Stabroek Block where a 7th development is being targeted.
Guyana’s Maritime Administration Department (MARAD) said in a May...
Guyana Justice of Appeal, Rishi Persaud, has set May 29 as the hearing date for the appeal of a Supreme Court ruling concerning financial assurance for ExxonMobil’s Stabroek Block operations.
Persaud met with participants in the case during a case...
Oil majors raked in big bucks in 2022. It was a great year for oil and gas profits.
ExxonMobil Corp made a whopping US$55.7 billion in earnings for the full year, up from US$23 billion in 2021 – a US$32.7...
Next up on ExxonMobil’s Stabroek Block development list is Yellowtail - one of the largest ever sanctioned. Coming in at US$10 billion, the project is running ahead of schedule; with the production vessel 45% complete and preparatory works progressing...
Development drilling continues at ExxonMobil Guyana’s Liza site in the Stabroek Block with the Noble Tom Madden drillship.
Guyana’s Maritime Administration (MARAD) said activities commenced on May 6 and will end on June 30 with 29 additional support vessels.
The well...
ExxonMobil Corporation’s Senior Vice President & Chief Financial Officer (CFO), Kathy Mikells recently disclosed that the American multinational is deploying its best technologies and project management capabilities to grow Guyana’s unique assets at an industry leading pace.
Speaking to shareholders...
Dutch contractor, SBM Offshore’s full-year guidance remains on track after good performance in the first quarter of 2023.
Its report released on May 11, noted that the company has upped its Lease and Operate revenue to US$453 million - a...
Vice President Dr. Bharrat Jagdeo explained on May 11 that the cover in place for Guyana in case of a spill amounts to some US$16.6 billion.
This follows a statement from the Environmental Protection Agency (EPA) which said negotiations with...
