Deepwater and tight oil are two of the great growth themes in the oil and gas industry, but are often considered to be at opposite ends of the development spectrum. Deepwater represents large, expensive and complex long-cycle projects best suited...
The resource growth in Guyana’s Stabroek Block is being described as ‘staggering’ by a top official at US oil major ExxonMobil who says while the average success rate in a frontier area is 10%, the company has had an...
One year before the giant Liza discovery…
The data from the well logs looked promising, and a restrained optimism began to build among small groups of specialists at ExxonMobil’s north Houston campus, at its Georgetown venture office and aboard the...
The Liza Destiny, the first oil production vessel to be placed in Guyana has been officially dedicated by the South American country’s First Lady, Madam Sandra Granger.
In keeping with tradition and naming protocols, the dedication is performed by a...
US oil major ExxonMobil, operator in the Stabroek Block offshore Guyana, says it remains committed to forging a strong partnership with the Guyanese people and not with any one individual or political party.
Liam Mallon, the company’s President for Upstream...
Rocket fire on Wednesday June 19 near the site of ExxonMobil’s operation in Iraq, has triggered an evacuation of the US oil major's staff, Reuters reports.
According to Reuters, a rocket hit a site in southern Iraq which is used...
Former Guyanese Minister of Natural Resources Robert Persaud is calling on the Government of Guyana to invite a world recognised body to review the South American country’s activities in the oil and gas sector.
But he added the caveat that...
Guyana accounts for 15 percent of conventional oil discoveries made globally since 2015 and from all indications, potential for more crude strikes offshore the South American country remains high.
Since the first giant Liza discovery announced back in May 2015,...
Guyana will begin producing oil within months at a modest peak rate of 120,000 barrels per day but with a rapid acceleration that will see production ballooning to almost 1 million bpd by the mid-2020s, adding to the South...
UK-based Tullow Oil and its joint venture partners will spud their first well at the Orinduik Block offshore Guyana just miles away from the multi-billion barrel Stabroek Block where US oil major ExxonMobil has to date made a record...
