Despite recent disappointments from two exploration campaigns offshore Suriname, joint venture partners operating in the Dutch-speaking South American country are looking at “large prospects” in Block 42 which they intend to test in 2020.
Kosmos Energy is the exploration operator...
In September 2017, ExxonMobil had interest in just two offshore blocks in Brazil, totaling slightly more than 161,000 net acres.
Fast forward one year later: the company now has interest in 26 deepwater blocks across five basins, covering an area nearly...
US oil major ExxonMobil is ramping up its search for more oil off the Guyana coast with the spudding of the Pluma prospect approximately 17 miles (27 kilometers) from Turbot in the South portion of the 6.6 million acres...
Exxon Mobil Corporation on Friday announced estimated third quarter 2018 earnings of $6.2 billion, or $1.46 per share assuming dilution, compared with $4 billion a year earlier. Cash flow from operations and asset sales was $12.6 billion, including proceeds associated with...
Guyana’s Finance Minister, Winston Jordan, says the revenue to be earned from the first phase of oil production in the South American country – around US$300M annually – will go directly into the Natural Resources Fund and will eventually...
Tourism Stakeholders in Guyana believe that revenues from oil production could potentially advance the tourism sector, making the South American country one of the most talked about destinations in the world.
This was the highlight of a Tourism, Oil and...
The Stena Carron drillship which has been exploring for oil in the Stabroek Block offshore Guyana is scheduled to depart for Spain for drydocking.
Speaking on a 3rd quarter earnings call on Wednesday, Gregory P. Hill, President and Chief Operating...
Rapid development and production offshore Guyana will see oil production at peak moving from 120,000 barrels of oil per day (bpd) from the Liza Phase 1 project in 2020 to a whopping 520,000 bpd after the Liza Phase 2...
The Noble Tom Madden drillship arrived offshore Guyana on Friday. The 752 ft vessel was contracted by ExxonMobil Guyana to undertake exploration activities in the 6.6 million acres Stabtoek Block where a record 9 discoveries have already been made,...
The Build Operate transfer (BOT) model is being applied by ExxonMobil in Guyana on its high-profile Liza Phase 2 FPSO project. Given government approval, SBM Offshore will conduct fabrication, installation, lease and operation of the Liza 2 FPSO for...
Guyana has rejected Venezuela’s objection to a planned three-dimensional multi-client seismic exploration program within its Exclusive Economic Zone (EEZ),...
