U.S. oil major ExxonMobil confirmed on Wednesday that a major ramp up offshore Guyana will see the company having the capacity to produce as much as 1.2 million barrels of oil per day by 2027.
"Clearly our objective is to...
By Arthur Deakin - OilNOW
For those that follow Guyana, the success rate and speed in which its oil resource has been developed is unprecedented. 11% of all conventional oil found in the world since 2015 has been off the...
ExxonMobil Guyana disclosed on Tuesday that it recently conducted an exercise to field test spill response equipment, processes, and team readiness. It said this exercise was intended to ensure readiness to respond in the unlikely event of an offshore...
During his tenure as Head of Environmental Protection Agency (EPA)--October 1, 2018, to August 2020--Dr. Vincent Adams had stated, repeatedly, that he was able to secure an agreement with ExxonMobil Guyana for insurance coverage totalling US$2.5B.
On Monday, ExxonMobil Guyana...
The extent of the development projects offshore Guyana within such a short space of time since the first oil discovery in 2015 is being viewed as ‘unbelievable’ by Norway-based energy research and business intelligence company, Rystad Energy. Now, the...
Most of the challenges faced by oil and gas producing countries are those that lie above the ground in the form of policy decisions being made by the host nation. One expert says this will be the biggest challenge...
The unprecedented oil and gas discoveries unfolding in the Guyana-Suriname basin are of historic proportions and make the region stand out as one of the most exciting hot spots the industry has seen in decades.
“The Liza-1 well will be...
Guyana’s landmark gas-to-energy project which will see a 225 km pipeline landing onshore from massive oil and gas production installations at the ExxonMobil-operated Stabroek Block will come online as other countries around the world also look to ramp up...
The application of technology across a broad spectrum of its operations in Guyana has enabled ExxonMobil to deliver significant discoveries at an unprecedented rate since the company hit the first jackpot at Liza-1 just under seven years ago. This...
By Jerry Haar and Siddharth Upadhyay – OilNOW
There is no doubt that Guyana is poised to become the Saudi Arabia of South America. As reported in OilNOW late last year, ExxonMobil—the largest oil company operating in Guyana—announced that since...
