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Exxon mulls sale of Nigerian O&G fields as company focuses on Guyana, Permian

US oil major ExxonMobil is weighing the sale of a suite of oil and gas fields in Nigeria for up to $3 billion as the company focuses on Guyana’s Stabroek Block and investments in the US Permian Basin, Reuters...

Our main focus is to deliver on our promise of large oil deposits in Guyana – Gil Holzman

Eco Atlantic Oil & Gas has been making some major announcements about potential multli-billion-barrel deposits at its Orinduik block offshore the South American country of Guyana. CEO, Gil Holzman told Vox Markets in an interview on Tuesday that the...

Young Guyanese ecstatic about working offshore with ExxonMobil

Some 24 young Guyanese who have been given the opportunity to work with US oil major ExxonMobil on its giant Liza project offshore the South American country are looking forward to joining the team that will bring first oil...

EPA grants ExxonMobil permit for Yellowtail exploration; Liza Phase 2 to follow

Guyana’s Environmental Protection Agency (EPA) on Monday confirmed that an Environmental Permit has been granted to ExxonMobil Guyana for exploration drilling at the Yellowtail-1 well located in the Stabroek Block offshore the South American country.  A permit for the...

Saipem wins Spotlight on New Technology award for oil spill response

Italian-based oil and gas contractor Saipem has won the Spotlight on New Technology award by OTC - Offshore Technology Conference, one of the most important international oil & gas industry events. OTC will be held from May 6-9 and as...

Outside of China CNOOC only found oil in Guyana during 2018

China’s CNOOC Limited made a total of 17 commercial discoveries in 2018, 5 of which were made in the Stabroek Block offshore Guyana which represents all of the company’s overseas discoveries for that year. The other 12 discoveries were...

2 dozen Guyanese to join more than 1,000 working on Liza Phase 1 project

Twenty-four Guyanese will soon join the more than one thousand nationals already working on ExxonMobil’s Liza Phase 1 Development project in the South American country of Guyana. The 24 persons, inclusive of two females, will be assigned to the Liza...

Guyana success pushes Hess to number 2 spot for 2018 drilling performance

Drilling success in Guyana in 2018 earned Hess the number two spot in the industry for value created from wildcat drilling according to an annual exploration review by Rystad Energy. Only ExxonMobil, co-owner and operator of the Stabroek Block, offshore Guyana,...

ExxonMobil to plug additional $4B in Guyana, Permian Basin – Darren Woods

ExxonMobil CEO Darren Woods says the US oil giant experienced an upside over the course of 2018 and is preparing to invest $4 billion of additional Capital Expenditure (CAPEX) from 2019 to 2025 in Guyana and other areas like...

CGX to begin hazard assessment at Utakwaaka-1

CGX Energy Inc. is set to begin a shallow hazard survey at its Utakwaaka-1 well site offshore Guyana ahead of a drill campaign scheduled to get underway by or before November 2019. Guyana’s Maritime Administration Department said the operation, which...

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US company locks in lease for $50M/yr LNG import terminal in Brazil

U.S.-based energy company New Fortress Energy has secured a long-term lease and capacity agreement for its Terminal de Gás...