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Guyana, Permian production set to play key role in ExxonMobil mega growth plans

OilNOW -
US oil major ExxonMobil on Wednesday announced plans to significantly increase its earnings and cash flow generation by 2025 as it not only focuses on fossil fuel projects but also on its efforts to work on lower emission technologies,...
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Morgan Stanley pegs Guyana oil reserves at 6 billion barrels

OilNOW -
Guyana’s gross recoverable oil resource could stand at 6 billion barrels with potential for significant upside above this level according to US multinational investment bank, Morgan Stanley. In a recent research paper, the bank said its estimate is modestly above...
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Despite political uncertainty in Guyana oil development remains intact – Morgan Stanley

OilNOW -
US multinational investment bank, Morgan Stanley, believes that oil development plans in the South American country of Guyana remain intact despite political uncertainty and a recent report pointing to anti-corruption investigations into the award of oil blocks. In a...
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CNOOC Limited’s Appomattox Field in GoM commences production

OilNOW -
CNOOC Limited announced on Thursday that the Appomattox Field in the US Gulf of Mexico has safely commenced production ahead of schedule. The company said in a press release that the Appomattox Field is located approximately 128 kilometers southeast of...
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Tilapia-1 ‘the big catch’ for Guyanese geoscientist Ashlika Persaud

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When ExxonMobil and its joint venture partners in the Stabroek Block offshore Guyana HESS and CNOOC Nexen announced the Tilapia discovery, it was a special moment for young Guyanese geoscientist Ashlika Persaud. Not only did she work with the team...
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ExxonMobil’s disposing of GoM assets draws interest from Repsol SA, Ineos

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Repsol SA and UK based Ineos Group Holdings are showing interest in US oil major ExxonMobil’s selling off of oilfields in the Gulf of Mexico. According to a Bloomberg article, the assets could be worth as much as $1.5 billion....
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ExxonMobil New Mexico Permian development to generate $64 billion in benefits

OilNOW -
US oil major ExxonMobil said that its Permian Basin development in New Mexico will generate approximately $64 billion in net economic benefits for the state and local communities over the next 40 years. Impact Data Source conducted for ExxonMobil pegged...
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ExxonMobil pulls foreign staffers from Iraq

OilNOW -
US oil major ExxonMobil has evacuated all of its foreign staff from an Iraqi oilfield west of Basra and is flying them to Dubai, Reuters reported on Saturday. The report said that the move came after the US pulled non-emergency...
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CNOOC seeking coordinator to lift its share of Guyana oil

OilNOW -
Chinese oil company CNOOC is looking for a coordinator to lift is share of oil when production gets underway at the 120,000 bpd Liza Phase 1 Development project offshore the South American country of Guyana. In a notice published in...
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Hess tops 2019 list of best corporate citizens

OilNOW -
Hess Corporation has earned a place as the No. 1 oil and gas company on Corporate Responsibility magazine’s prestigious list of 100 Best Corporate Citizens of 2019. The annual list recognizes public companies across the United States for outstanding environmental, social and governance (ESG) transparency...
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Baker Hughes achieved 55% Guyanese workforce in 2024

Baker Hughes reached a major local content win in 2024, with 55% of its workforce in Guyana made up...

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