As exploration and production activities continue to ramp up offshore Guyana, US oil major ExxonMobil will engage another drillship to aid in the search for more oil. This vessel will be the third such drillship, joining the Stena Carron...
Hess Corporation (NYSE: HES) on Wednesday reported a net loss of $130 million, or $0.48 per common share, in the second quarter of 2018, compared to a net loss of $449 million, or $1.46 per common share, in the...
ExxonMobil will make its Final Investment Decision (FID) on the giant Liza Phase 2 Development offshore Guyana following key approvals from regulators which the company hopes to receive by year end.
Country Manager, Rod Henson, told OilNOW the Environmental Impact...
ExxonMobil greenfield investments have been “virtually non-existent” since 2014 says Norway-based Rystad Energy, in a new report published on Tuesday.
The largest International Oil Company (IOC) in the world has a lot riding on the small South American country of...
ExxonMobil is forging ahead with its exploration and appraisal drilling programme offshore Guyana with new prospects in its crosshairs and plans to further assess proven oil fields. As the US oil major updated its total estimated recoverable reserves for...
US Oil Company, ExxonMobil’s announcement on Monday that the updated total estimated recoverable resources for the Stabroek Block, offshore Guyana now stand at more than 4 billion oil-equivalent barrel is a “big deal for Guyana.” This is the view of the country's...
ExxonMobil Corporation said on Monday its estimate of the discovered recoverable resources for the Stabroek Block offshore Guyana has increased to more than 4 billion oil-equivalent barrels and has advanced its evaluation to support a third phase of development...
While the updated estimated total recoverable reserves in the Stabroek Block offshore Guyana is being assessed by US oil major ExxonMobil, Norway-based Rystad Energy has put forward estimates of its own for all wells where crude has been found...
US oil giant ExxonMobil’s local subsidiary Esso Exploration and Production (Guyana) Limited has published a Request for Information for general contracting services, with a view to gathering the relevant data on the market for contractors for the construction of...
Guyana is expected to rank among the thirty largest nations for offshore oil services by the 2020’s and has the potential to produce up to 700,000 barrels of oil per day if all of the current discoveries are made...
Guyana has rejected Venezuela’s objection to a planned three-dimensional multi-client seismic exploration program within its Exclusive Economic Zone (EEZ),...
