Exxon Mobil Corporation on Friday announced estimated third quarter 2019 earnings of 3.2 billion US dollars as the company continues to make progress on its long-term growth strategy and further improved the value of its position in Guyana with...
US-based Apache Corporation has reported a quarterly loss of $170 million or $0.45 per diluted common share for the third quarter of 2019.
“During the third quarter, adjusted production exceeded guidance while capital expenditures remained on pace with our full-year...
Several factors over the coming weeks will play a critical role in the timetable for production of the first barrel of oil from the Liza Phase 1 Development at the Stabroek Block offshore the South American country of Guyana.
Initially...
Appraisal drilling and related activities are ongoing at the Stabroek Block offshore Guyana as US oil major ExxonMobil moves to assess several discoveries and map out future targets.
Hess corporation, a 30% co-venturer on the block, provided an update on...
Oil production in the South American country of Guyana is targeted for a possible December start-up at the Liza Phase 1 Development, months ahead of the originally planned timeline of QI 2020.
The Liza field sits in the giant 6.6...
The projected revenues the South American country of Guyana is set to receive from oil production have been steadily growing since approval of the first offshore development at the giant Liza field.
The Liza Phase 1 Development, sanctioned in June...
Hess Corporation (NYSE:HES), a 30 percent co-venturer in Guyana’s Stabroek Block, on Tuesday announced an oil discovery at the Esox-1 exploration well located in Mississippi Canyon Block No. 726 in the deepwater Gulf of Mexico.
Esox-1 was drilled in 4,609 feet (1,405...
Brazil continues to drive global floating production storage and offloading vessels (FPSOs) deployment with 21 planned and announced FPSOs during the period 2019 to 2025, according to GlobalData.
Brazil is expected to deploy a total of 11 planned and ten...
CNOOC Ltd, the listed arm of China’s largest offshore oil and gas producer, on Thursday reported a 27.9% jump in capital spending in the third quarter amid Beijing’s push to boost oil and gas exploration and production.
Reuters reported that...
With oil production slated to begin within months, Guyana’s former Minister of Natural Resources and the Environment, Robert Persaud, says there is need for a ten-year cohesive, comprehensive plan to efficiently utilise the new-found wealth for the nation of...
