In a matter of weeks, the Government of Guyana is looking to complete its cost audit of ExxonMobil’s Stabroek Block operations for the period 1999 to 2017. Vice President Dr. Bharrat Jagdeo made the disclosure during a press conference...

The fifth development planned by ExxonMobil in Guyana is currently targeting the Uaru and Mako finds, but the project is likely to add an additional reservoir. Just which one it will be is subject to determination as ExxonMobil sorts out the project characteristics...

The Environmental Protection Agency (EPA) has renewed ExxonMobil's environmental permit for the Liza Phase One project. It announced the official renewal on Tuesday evening. See below for the full statement: The Environmental Protection Agency (EPA) has renewed the Environmental Permit for...

Guyana's Vice President Dr. Bharrat Jagdeo said that the new model production sharing agreement (PSA) to be introduced later this year will feature major improvements in four areas: profit sharing, royalty, ringfencing and taxation. The Stabroek Block PSA, granted to...

As 2022 enters the mid-year point, ExxonMobil has already added over 1 billion fresh barrels of oil equivalent (boe) resources at Stabroek Block, placing Guyana at number two in the world for largest discovered volumes since 2015. Norway-based Rystad Energy...

Executive Director of the Environmental Protection Agency (EPA), Kemraj Parsram has confirmed that the Liza Phase 1 Permit which comes to an end on May 31, 2022, with another to be issued by June 1, 2022 with a five-year...

Chairman and Chief Executive Officer (CEO) of ExxonMobil, Darren Woods has highlighted that the oil giant is on a strong trajectory to meet the future energy demands of the world with Guyana remaining one of the key drivers of...

According to Norway-based Rystad Energy, oil majors that historically have been known as lavish spenders have reined in their appetites of late. Free cash flow from upstream operations among the majors increased to $121 billion last year, a vast...

ExxonMobil Corporation said on Wednesday that it plans to grow shareholder value by way of a five-pronged plan that underpins the global need for energy and for lower greenhouse gas emissions to address climate change. During a recently concluded annual...

Guyana's Ministry of Natural Resources has hired a group of firms, for a four-month period, to audit the costs of the Exxon-led Stabroek Block consortium for the period 2018-2020. A local consortium was hired, consisting of Ramdihal and Haynes Chartered...