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Exxon targeting hydrocarbons at multiple wells – Lukanani-1 to come under drill bit

In keeping with the Guyana government’s stated position of accelerating exploration and production activities offshore, ExxonMobil is forging ahead with its 2022 work plan, targeting multiple wells at the prolific Stabroek Block where it has already found more than...

Guyanese to head SBM Offshore’s local operations

SBM Offshore Guyana announced on Monday that Guyanese business and finance specialist Mr. Martin Cheong will be appointed to the post of General Manager for its local operations, effective March 1, 2022. Mr. Cheong, whose current role is Project Support...

CGX Executive Co-Chair explains significance of Kawa-1 – one of the deepest wells drilled in the Guyana basin

While much of the attention over the past few years has been on the significant Stabroek Block discoveries, the Kawa-1 find in the Corentyne Block was one of the major areas of interest for global players that attended the...

‘Unity Gold’ lighter and sweeter than other carbon-intensive blends in Latin America – Platts

ExxonMobil’s latest offshore development to start-up in Guyana is producing a lighter and sweeter crude blend which analysts say is less carbon-intensive than other Latin American blends and even a little lighter than the original Liza. According to an ExxonMobil...

IHS Markit applauds speed of Guyana’s deepwater developments, environmental commitments

London-based IHS Markit says what Guyana has achieved in just under seven years since the first major oil discovery at the Stabroek Block is ‘quite remarkable’ and commended the South American country for pushing the offshore exploration and production...

Keeping Guyana at the forefront of deepwater development, ExxonMobil gears up for fifth project

To ExxonMobil Guyana President Allister Routledge, the country is at the “forefront of deepwater development” in the world and the U.S. oil major intends to help it keep that lead as it gears up for the fifth oil development...

Guyana’s oil story not confined to deepwater, explorers looking inland – Bharrat

The flurry of activity in Guyana’s prolific Stabroek Block and more recently, the Corentyne Block has sparked renewed interest in the onshore Takatu Basin, Minister of Natural Resources Vickram Bharrat disclosed on Wednesday. Explorers have had an interest in Guyana’s...

Over 3,500 Guyanese, 800 local businesses supporting O&G operations – Exxon CEO

As oil and gas operations continue to ramp up in Guyana, the number of Guyanese servicing the sector has been rapidly increasing.  Chairman and Chief Executive Officer of Exxon Mobil Corporation, Darren Woods said over 3,500 Guyanese have been...

Good governance, the best play for Guyana

By Dr. Lorraine Sobers - OilNOW Guyana is no longer the ‘wimpy kid’ on the playground with the second lowest gross domestic product (GDP) in the region.  Over the last 5 years Guyana has had a major growth spurt and...

ExxonMobil’s success in Guyana “unmatched” in modern history – Darren Woods

ExxonMobil has come a far way in Guyana and the company’s success in the Stabroek Block is only the beginning, said Chairman and Chief Executive Officer of Exxon Mobil Corporation, Darren Woods during his opening statement at the International...

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Berbice gas development pipeline could cost US$2B, ‘not a small investment’ – says ExxonMobil Guyana President

The pipeline to support Guyana’s gas development in East Berbice-Corentyne (Region Six) could cost about US$2 billion or more....