With more than 6 billion barrels of oil already discovered off the Guyana coast, ExxonMobil is leaving no stone unturned in its quest to find more crude in the 6.6 million acres Stabroek Block. The US oil major is...
Exxon Mobil Corporation on Friday announced estimated second quarter 2019 earnings of $3.1 billion, or $0.73 per share assuming dilution, compared with $4 billion a year earlier. Earnings included a favorable identified item of about $500 million, or $0.12...
Authorities in Guyana have begun the process for hiring an expert to review the Field Development Plan (FDP) submitted by US oil major ExxonMobil for the 220,000 barrels per day Payara Development.
“The Department of Energy (DE) has received the...
ExxonMobil’s recently sanctioned Liza Phase 2 development offshore Guyana will be targeting 600 million barrels of oil when it gets underway in 2022.
The US$6 billion Liza Phase 2 Development project was sanctioned in May and will have a total...
Drilling of the development wells for the Liza Phase 1 project and installation of subsea equipment are 70 percent complete as the South American country of Guyana forges ahead to first oil now just months away.
“Drilling of the Phase...
The crew that is onboard the Liza Destiny—the Floating, Production, Storage and Offloading (FPSO) vessel that is currently en route to Guyana—has been engaging in emergency response activities and other safety training while the vessel travels to the South...
Private sector groups and other stakeholders in Guyana will soon receive the final draft of the local content policy framework for review.
Speaking at a press conference on Monday in Georgetown, Director of Guyana’s Department of Energy (DE), Dr. Mark...
The Guyana government will be selling its own share of crude when production starts at the Liza Phase 1 Development project, just months away, and a tender for this will be put out before the end of the year....
Nothing is ever easy or simple in the world of international offshore oil and gas development. That axiom is proving to be true for the most prolific offshore oil discovery in recent years off the coast of the...
The Liza Destiny FPSO which is currently sailing to Guyana, recently departed from Keppel shipyard in Singapore. This key milestone follows a record turnaround time of just over 20 months for its construction phase by SBM Offshore – including...
