ExxonMobil said in an update on Wednesday that it plans to prioritize its investment in Guyana as well as Brazil, and the Permian Basin in the United States. The company’s corporate plans through 2027 will support its strategy of...

The Liza Destiny floating production storage and offloading (FPSO) vessel has been operating offshore Guyana since December 2019, producing oil at the ExxonMobil-operated Stabroek Block. A company spokesperson said on Wednesday that production rates on the FPSO has always...

Hugo De Stoop, CEO of Euronav says the oil tanker market is likely to continue to improve despite renewed concerns over coronavirus threats, but a further recovery in freight rates is needed before the sector returns to good health. In...

Saipem has signed a new contract with Saudi Aramco on the Jafurah Development Program in Saudi Arabia. The project involves the construction of a hydrocarbon collection system and the transport of gas and condensate to the new Jafurah plant,...

ExxonMobil says it intends to use its super technology, expertise and over US$15 billion to aggressively pursue lower greenhouse gas emission initiatives in the coming years as it looks to play a major role in support of global emission...

It was highlighted at the Offshore Technology Conference in August this year that exploration in the Guyana-Suriname Basin has been a decades-long endeavor, including technical challenges and a lengthy history of drilling with no offshore success prior to the...

U.S. investment and research firm Zacks said in a recent analysis that Exxon Mobil Corporation has seen upward earnings estimate revisions for 2021 and 2022 in the past several days and so far for the year, the stock has...

After the pandemic decimated the oil and gas industry in 2020, this year is being seen as one of rebound with oil prices rallying and investments picking up across various projects globally, chief among them being South America’s hottest...

With oil production only commencing less than two years ago, Guyana’s fledgling oil sector has brought in over GY$440 billion; or GY$57 billion more than the 2021 budget. This is according to data from the Central Bank, Stabroek Block...

UK-based multinational oil and gas exploration company Tullow Oil is calling it a day in Suriname. Drilling operations at the Goliathberg-Voltzberg North (GVN) exploration well at Block 47 failed to deliver commercial crude earlier this year after reaching total...