Showing results for:

News

ExxonMobil to implement wide-ranging measures in the event of oil spill in Guyana

OilNOW -
ExxonMobil affiliate Esso Exploration and Production Guyana Limited (EEPGL) has outlined a number of measures the company will take in the event of an oil spill from its Liza Phase 1 development. The company’s Oil Spill Response Plan (OSRP) was...
News

Guyana tops the world in discovered resources for first half 2018

OilNOW -
Guyana leads the top five countries in the world in terms of total discovered resources added in the first half of 2018, followed by the United States, Cyprus, Oman and Norway… Global discoveries of conventional oil and natural gas are seeing an exciting recovery...
News

ExxonMobil earns $4 billion in Q2; Guyana among key projects pushing growth plan

OilNOW -
Exxon Mobil Corporation announced on Friday, July 27, its estimated second quarter 2018 earnings of $4 billion, or $0.92 per share assuming dilution, compared with $3.4 billion a year earlier. Guyana continues to play a key role in pushing the company’s...
Exploration

Guyana ‘uniquely advantaged by scale, reservoir quality, cost and rapid returns’ – Hess

OilNOW -
The more than 4 billion oil-equivalent barrels discovered to date in the Stabroek Block offshore Guyana is uniquely advantaged by its scale, reservoir quality, cost, rapid cash paybacks and superior financial returns. John Hess, Chief Executive Officer of Hess Corporation...
News

Third drillship to arrive in Guyana by year-end; ExxonMobil still to decide on contractor

OilNOW -
As exploration and production activities continue to ramp up offshore Guyana, US oil major ExxonMobil will engage another drillship to aid in the search for more oil. This vessel will be the third such drillship, joining the Stena Carron...
News

Guyana remains shining light in Hess portfolio as company reports US$130M Q2 net loss

OilNOW -
Hess Corporation (NYSE: HES) on Wednesday reported a net loss of $130 million, or $0.48 per common share, in the second quarter of 2018, compared to a net loss of $449 million, or $1.46 per common share, in the...
News

ExxonMobil awaiting approvals from regulators to proceed with FID for Lisa Phase 2

OilNOW -
ExxonMobil will make its Final Investment Decision (FID) on the giant Liza Phase 2 Development offshore Guyana following key approvals from regulators which the company hopes to receive by year end. Country Manager, Rod Henson, told OilNOW the Environmental Impact...
News

Liza Phase 1 is ExxonMobil’s biggest greenfield project since 2015 – Rystad Energy

OilNOW -
ExxonMobil greenfield investments have been “virtually non-existent” since 2014 says Norway-based Rystad Energy, in a new report published on Tuesday. The largest International Oil Company (IOC) in the world has a lot riding on the small South American country of...
News

Exxon forging ahead with rapid exploration, appraisal drilling; second well at Ranger targeted

OilNOW -
ExxonMobil is forging ahead with its exploration and appraisal drilling programme offshore Guyana with new prospects in its crosshairs and plans to further assess proven oil fields. As the US oil major updated its total estimated recoverable reserves for...
News

‘We are not embarrassed about who we are’ says Guyana’s Natural Resources Minister

OilNOW -
US Oil Company, ExxonMobil’s announcement on Monday that the updated total estimated recoverable resources for the Stabroek Block, offshore Guyana now stand at more than 4 billion oil-equivalent barrel is a “big deal for Guyana.” This is the view of the country's...
1...300301302...331Page 301 of 331

Latest News

NewsOilNOW -

Afreximbank COO pitches partnership for Suriname’s SMEs

PARAMARIBO, SURINAME – The African Export-Import Bank (Afreximbank) wants to be a long-term financial partner for small and medium-sized...

OilNOW is a Resource Center founded and owned by Guyanese. OilNOW is an apolitical, non-partisan, privately owned agency that strives to ensure the highest degree of accuracy and balance.

Quick Access

Company Info

Social Networks