Since 2020, ExxonMobil had planned to make modifications to the Liza Destiny floating production, storage and offloading (FPSO) vessel to safely sustain oil production levels higher than its current nameplate of 120,000 barrels per day. This will soon become...

ExxonMobil is set to continue drilling activities at the Barreleye-1 prospect at the Stabroek Block offshore Guyana, following ongoing drilling activities at Kiru Kiru which commenced earlier in March. The drill campaign at Barreleye-1 had started in January but was not...

As ExxonMobil positions itself to ramp up production in Guyana’s Stabroek block by adding projects nearly every year, the government plans to spend a majority of its early windfall for development projects. Guyana projects that the total inflows to its...

Authorities in Guyana say the country is committed to supporting an aggressive exploration and production programme off of its coast since it sees revenues coming in from the oil and gas sector as playing a key role in the...

Liquids supply growth outside of the Organization of Petroleum Exporting Countries (OPEC) in 2021 remained broadly unchanged at around 0.6 million barrels per day (mb/d) year-on-year (y-o-y). The 2021 oil supply estimation primarily sees growth in Canada, Russia, the US...

Guyana’s landmark gas-to-energy project will reduce emissions significantly when it becomes operational since the South American country currently utilizes heavy fuel oil to generate power. One expert also said emissions can be reduced even further with the use of...

Eco (Atlantic) Oil & Gas Ltd. (AIM: ECO, TSX ‐ V: EOG), announced on Monday that it has signed a Commercially Binding Term Sheet to acquire 100% of JHI Associates Inc., including JHI's 17.5% Working Interest (WI) in the Canje Block offshore Guyana. The deal...

As oil producers in the Latin America region mull a balancing act between petroleum extraction and sustainability, Americas Market Intelligence has predicted that the all-time high oil price brought on by the Russian invasion of Ukraine will delay the...

Haifa University has bestowed geologist and Co-founder of  Ratio Energy, Eitan Aizenberg with an honorary doctorate for his contribution and groundbreaking work in the field of geology, which has made a valuable contribution to the State of Israel. In 1992,...

ExxonMobil affiliate Esso Exploration and Production Guyana Limited (EEPGL) on Wednesday told reporters that in the very unlikely event a major accident such as an oil spill occurs at the offshore Stabroek Block, the consortium has the technical and...