The release of drilling results by Tullow Oil on Thursday from its Carapa-1 well offshore Guyana saw the company’s shares tumbling on what analysts are saying is unlikely to be a commercial discovery.
The oil and gas group’s share price...
The dawn of the new year has coincided with the start of oil production in Guyana and the country’s President, David Granger, says this will help to intensify plans to transform the South American nation of just over 750,000...
Guyana’s Department of Energy (DE) said on Tuesday it has successfully completed the evaluation of eleven Expressions of Interest from international firms for support services in review and evaluation of ExxonMobil’s Payara Field Development Plans.
The Expressions of Interest received...
ExxonMobil said Monday it has secured more than 1.7 million acres for exploration offshore Egypt.
“These awards strengthen our exploration portfolio in the Eastern Mediterranean,” said Mike Cousins, senior vice president of exploration and new ventures at ExxonMobil. “We look forward...
From discovery in 2015 to start of oil production less than five years later, the rapid start-up of the Liza Phase 1 Development is good news for the global oil industry says a senior analyst at US multinational financial...
The U.S. Energy Information Administration expects average crude oil prices will be lower in 2020 than in 2019 because of rising inventories. Outside the United States, production is expected to continue to grow in Brazil, Norway, and in Guyana...
South America has the highest number of planned and announced floating production storage and offloading (FPSO) additions globally between 2019 and 2025, with 27 projects. This is followed by Africa, Asia and Europe with a respective 15, eight and...
Nearly 50 years ago, ExxonMobil pioneered a technology called 3-D seismic imaging, which uses sound waves to form three-dimensional images of geologic formations. These images have become the industry standard for understanding subsurface geology and finding oil and gas...
ExxonMobil said today it made an oil discovery offshore Guyana at the Mako-1 well southeast of the Liza field, marking the 15th discovery on the Stabroek Block. The discovery adds to the previously announced estimated recoverable resource of more...
ExxonMobil says it plans to slowly ramp-up oil production in the coming months at its first development offshore the South American country of Guyana where daily output at peak is expected to hit 120,000 barrels per day.
The company announced...
