ExxonMobil expects to invest over US$20 billion annually to help meet the world’s growing energy needs through 2027. That's more than US$100 billion in the next five years. This will amount somewhere between US$21 billion and US$24 billion this...
TechnipFMC said Monday it was awarded a significant contract by ExxonMobil affiliate, Esso Exploration and Production Guyana Limited, for the Gas-to-Energy Project in Guyana.
The company said ‘significant’ refers to agreements valued between US$75 million and US$200 million. The funds...
With ExxonMobil and partners fast-tracking exploration and development projects in Guyana, the country is set to rank in the top five-list of elite global producers by 2035. This is according to Rystad Energy, an independent energy research and business...
Comparing the fiscal regimes of other offshore producers, Guyana’s is on the higher end, says Rystad Energy, an independent energy research and business intelligence company.
In its latest analysis, Rystad found that the government’s take amounts to 59% of total...
Given its projections for strong cash flow growth and quarterly earnings totaling US$667 million, Hess Corporation disclosed that it intends to complete a massive share repurchasing programme by year-end worth US$650 million. During its recent Q2 earnings release, Hess...
John Hess, Chief Executive Officer (CEO) of Hess Corp. announced to investors that the front-end engineering and design (FEED) work for ExxonMobil’s fifth development in the Stabroek Block is already underway.
“As for our fifth development at Uaru-Mako, the operator anticipates submitting the...
Hess Corporation reported on Wednesday that its capital and exploratory expenditure for the second quarter of 2022 totaled US$622 million compared with US$429 million in the prior year’s quarter. The company said this is primarily due to higher drilling...
ExxonMobil generated earnings of $17.9 billion and cash flow from operating activities of $20 billion in the second-quarter 2022 as a result of increased production, higher realizations and margins, and aggressive cost control.
The company said on Friday it increased...
The Payara project, ExxonMobil’s third development in Guyana’s offshore Stabroek Block is 80% complete, according to President and Chief Operating Officer of Hess Corporation, Greg Hill.
Topside fabrication/installation is currently being undertaken aboard the Prosperity floating production, storage and offloading...
Notwithstanding a major slowdown in 2020 because of the pandemic’s global demand destruction, drilling and completion activities in South America are expected to bounce back significantly this year.
The driving forces will be increased activities in Guyana and neighbouring Brazil,...
