The countdown to the United Nations 26th Conference of Parties (COP26) has come to an end. In Glasgow, Scotland, world leaders, diplomats, ambassadors, members from the global civil society and all manner of stakeholders prepare for the second day...
This article was first published in the T&T Business Newsday on October 21, 2021.
ExxonMobil recently announced that their recoverable oil and gas resources in Guyana had reached an incredible 10 billion barrels of oil equivalent. The first discovery was...
Ten billion barrels of oil equivalent and counting. The Guyana basin has gone from zero to prolific in just six years and from all indications, the volumes being discovered have not yet peaked. In fact, experts see much more...
When one considers the low breakeven cost of the Yellowtail project despite projected inflationary pressures, it still emerges as “one of the best projects on the planet,” says Hess Corporation’s Chief Operating Officer (COO), Greg Hill. He made this...
ExxonMobil says it truly believes that building local capacity will play a key role in maximising benefits to the people of Guyana and fully supports a pragmatic and collaborative approach aimed at achieving this objective.
“This year, we have participated...
Hess Corporation disclosed during its earnings call on Wednesday that it closed the 2021 third quarter with a net income of US$115 million, or US$0.37 per common share, compared with a net loss of US$243 million, or US$0.80 per...
The greenhouse gas (GHG) emissions that would be released from ExxonMobil’s fourth development project at the Yellowtail field will be reduced by 80% as a result of the mitigation measures the company will be utilizing. This was highlighted in...
Guyana’s largest floating production storage and offloading (FPSO) vessel arrived offshore this week for oil production activities at the ExxonMobil-operated Stabroek Block. The U.S. oil major says it is confident that the equipment on the SBM Offshore built and...
Guyana’s Ministry of Natural Resources announced on Tuesday the arrival of the Liza Unity floating, production, storage, and offloading (FPSO) vessel in the Stabroek Block offshore Guyana.
The Ministry said the vessel arrived in Guyanese waters after traveling for approximately...
While ExxonMobil’s GY$1.8 trillion Yellowtail project is poised to generate significant revenue flows for Guyana, previously sanctioned projects have already pumped billions of dollars into the local economy while enhancing the country’s upstream petroleum industry.
According to the Yellowtail Environmental...
