U.S. oil major ExxonMobil, operator of Guyana’s largest oil block, said it plans to grow investments that lower emissions, leveraging the company's technology, scale, integration, and global footprint in the coming years.
“Cumulative low-carbon investments are anticipated to be approximately$15...
After eight years of operations offshore Guyana, ExxonMobil expects around 75% of the workforce on the giant Yellowtail Floating, Production, Storage and Offloading (FPSO) vessel will be Guyanese, starting from an initial 25%.
This is according to the Environmental Impact...
Recent Atlantic offshore oil discoveries have promised to generate an economic boom for Guyana and its’ citizens, the Extractive Industries Transparency Initiative (EITI) said, pointing out that mainly left unexplored until 2015, the nation is now on the brink...
Suriname is expected to follow Guyana with rapid development of its offshore oil fields. Norway independent energy research and business intelligence company Rystad Energy sees output from the South American country hitting the half million barrels per day mark...
Though there exists an “implicit” understanding that ExxonMobil Corporation would cover the shortfall of expenditure associated with any environmental damage its affiliate Esso Exploration and Production Guyana Limited (EEPGL) cannot handle for the respective Stabroek Block operations, the Guyana...
Hess Corporation, one of the co-venturers on the prolific Stabroek block, announced last week that it will close 2021 spending on its Guyana development at US$750M. Going into 2022, Hess’ Executive Vice President and Chief Financial Officer John Rielly said that...
Gaico Construction, one of the leading local firms servicing the oil and gas sector, is already positioning itself to take advantage of the revenue-making opportunities to flow from the US$900M gas-to-energy project. By 2023, the company is poised to...
ExxonMobil is moving ahead with the search for more hydrocarbons offshore Guyana where it has already found approximately 10 billion barrels of oil equivalent resources since making its first world-class discovery in 2015 at the Liza field.
The Noble Don...
Eco Atlantic Oil and Gas Limited, one of the joint venture partners on the Orinduik Block offshore Guyana, disclosed to the market on Monday in an Operational Update and Notice of AGM, that work is still progressing on target...
Even though it has been six years since the world-class Liza-1 discovery, the Guyana-Suriname Basin continues to hold captive, the interests of explorers as it manifests the hallmarks of a prolific emerging hydrocarbon province, says Gerard Walsh, Chairman of...
