ExxonMobil’s sixth Guyana project proposed for the Stabroek Block will develop the Whiptail, Pinktail and Tilapia discoveries, according to a project summary from the Environmental Protection Agency (EPA).
Rystad Energy’s 2022 benchmarking update on Guyana estimates that these reservoirs have...
ExxonMobil Corporation announced it has reached an agreement with Bangchak Corporation to sell its interest in Esso Thailand. This includes the sale of a refinery, select distribution terminals, and a network of Esso-branded retail stations.
Exxon said this transaction is...
Guyana’s Finance Minister on Monday presented a national budget of GY$781.9 billion (US$3.75 billion) for the fiscal year 2023, of which oil revenues will contribute 26.7%.
The Minister said that GY$208.9 billion (US$1 billion) is legally allowable for withdrawal from...
Guyana's Finance Minister Dr. Ashni Singh said the country's oil sector expanded by 124.8% in 2022.
The Minister revealed this during his presentation of Guyana’s 2023 budget.
A total of 101.4 million barrels of crude were produced in the full year...
With high-impact drilling set to make a rebound in 2023, there are several high-impact wells in the Guyana-Suriname Basin to watch out for.
Rystad Energy classifies high-impact wells through a combination of factors, including the size of the prospect, whether...
Calls for Exxon’s Stabroek Block production sharing agreement to be renegotiated have not waned in some quarters. Guyanese economist Joel Bhagwandin says proponents are acting prematurely. He urges them to wait a few political cycles.
“The sanctity of an investment...
ExxonMobil Guyana has asked Guyana’s Environmental Protection Agency (EPA) to commence an authorisation process for its sixth project offshore the South American country; the Whiptail development.
The Whiptail- 1 discovery was announced in July 2021. The Whiptail-1 well encountered 246...
Dutch Manufacturer, Strohm B.V has won a contract to supply ExxonMobil Guyana with 24 jumpers for its Uaru Project in the Stabroek Block. This marks the second contract for the Dutch firm from Guyana, with the first being awarded...
Direct revenues from oil sales, royalties, and interest in the first three years of oil production offshore Guyana amount to more than US$2 billion.
Before oil production started, the government had not exceeded such spending in any of its national...
ExxonMobil Guyana is looking to hire a firm to provide data analysis services for crude oil sales.
A public Request For Information (RFI) said that Esso Exploration and Production Guyana Limited (EEPGL) is looking to identify suppliers who can collate...
