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Exxon mulling options for Guyana’s 7th Stabroek Block project; potential gas development in play 

Shikema Dey -
Could Guyana’s seventh Stabroek Block development be based on another oil discovery, or perhaps, the first offshore gas project? Operator ExxonMobil has not decided. Why? According to its President, Alistair Routledge, “We have more than one horse in the...
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Jagdeo hopes to wrap up audits of 24 years of Stabroek block expenses by yearend 

OilNOW -
Mid-2024, the Guyana government plans to contract an auditor to verify expenses claimed by the Stabroek block consortium for the period 2021-2023. This will add to two ongoing audit processes for expenses for the periods 1999-2017 and 2018-2020.  Vice President Bharrat...
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Stabroek block co-venturers to publish 2023 financials in Q224

OilNOW -
ExxonMobil, Hess, and CNOOC will publish financial reports of the 2023 earnings of their Guyana affiliates in the second quarter of 2024, said ExxonMobil Guyana President Alistair Routledge during a Feb. 7 press conference.  He was asked to provide a...
News

Exxon targeting two new wells west of Liza and Payara at prolific Stabroek Block

Kemol King -
ExxonMobil Guyana President Alistair Routledge said the company has identified two drilling targets west of the Liza and Payara discoveries. “We plan to drill two exploration wells west of Liza and Payara. The Trumpetfish and Redmouth exploration wells are planned...
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Stabroek Block production ramp-up expected to move faster – Darren Woods

Shikema Dey -
The optimization of production at the ExxonMobil-operated Stabroek Block offshore Guyana has been unprecedented and this can be increased even further.  ExxonMobil's Chief Executive Officer (CEO), Darren Woods says the company’s “design one, build many” concept is a huge factor...
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OMNI Helicopters hits one year mark, over 50,000 passengers transported for Exxon’s Stabroek block operations 

OilNOW -
Since its first flight on Jan. 1, 2023 - six weeks ahead of schedule, OMNI Helicopters Guyana Incorporated (OHGI) has built a resilient team with 60 Guyanese in its employ.  Hitting the one-year existence mark, OHGI boasted of conducting 2,300...
News

Stabroek block exploration holds potential surprises following Chevron’s ‘strategic move’ in Guyana – WoodMac 

OilNOW -
Consultancy Group Wood Mackenzie said that the exploration landscape in Guyana’s Stabroek block is poised for unexpected and positive results, following Chevron’s acquisition of Hess.  “After Chevron´s strategic move in Guyana, exploration in Stabroek block can still surprise with good...
News

Government to seek out auditor for 2020-2023 Stabroek block expenses – VP

OilNOW -
Plans are underway to commence the audit of Stabroek block expenses incurred by ExxonMobil, Hess and CNOOC for the period 2020-2023, said Vice President Bharrat Jagdeo.  “We are … going out to tender soon for the audit up to the...
API

Guyana govt. eyes Stabroek block partners’ nearshoring jobs to give economy US$60 million annual boost

OilNOW -
Guyana’s President, Dr. Irfaan Ali, recently disclosed his interest in bringing closer to these shores some 2000 jobs the ExxonMobil-led consortium in the Stabroek Block contracts overseas. The Head of State believes giving these jobs to locals could lead...
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Saipem Guyana Inc. seeks occupational health and infirmary services for Stabroek block operations

OilNOW -
Saipem Guyana Inc., one of the major contractors for ExxonMobil's Stabroek Block operations, has issued an Expression of Interest (EOI) for occupational health and infirmary services aimed at enhancing on-site medical provisions and emergency response capabilities. The services encompass comprehensive...
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SLB acquires ChampionX as it strengthens production and recovery capabilities

SLB has completed its acquisition of ChampionX Corporation, expanding its portfolio in the production and reservoir recovery space.  In its...

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