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Liza Phase 1 Development Fact Sheet

The Government of Guyana announced on June 15, 2017 that it had approved the ExxonMobil Liza Phase 1 development plan and had issued a...

No basis for renegotiating ExxonMobil contract says Guyana’s Finance Minister

Guyana’s Minister of Finance, Winston Jordan, says there is absolutely no basis for a renegotiation of the contract between the country and US super-major...

Liza Phase 2 targeted for 2023; proposed natural gas project being...

The ExxonMobil Liza Phase 2 development project in Guyana could start as early as 2023, following the commencement of Phase 1 scheduled for mid-2020...

SBM says work on development of FPSO for Liza project “progressing...

SBM offshore, the company contracted by ExxonMobil to install, lease and operate a Floating Production, Storage and Offloading Vessel (FPSO) for the Liza project...

ExxonMobil looking forward to results from new drilling campaign at Turbot...

The ExxonMobil team in Guyana is said to be in high spirits as a new oil exploration campaign is set to begin at the...

“Very stiff penalties” for US oil companies involved in corruption –...

US oil companies operating around the world face stiff penalties if they are found to be involved in bribery and other corrupt practices, and...

“It’s harder to earn money when prices are low and margins...

The oil supply boon fueled by hydraulic fracturing has served to push petroleum prices down. This has triggered increased competitive pressures for resource-developing companies,...

Sinister efforts afoot to gain access to petroleum contract, documents –...

Even as Guyana continues to approach the disclosure of its agreement with US super-major ExxonMobil for the development and production of petroleum with caution,...

ExxonMobil earns $3.4B in 2nd quarter 2017

Exxon Mobil Corporation today announced estimated second quarter 2017 earnings of $3.4 billion, or $0.78 per diluted share, compared with $1.7 billion a year...

Guyana will get oil revenue from day 1 of production –...

Revenue from oil production will begin flowing to the Guyana government from day one of production, ExxonMobil’s Upstream Operations Manager in Guyana, Doug Mc...