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Exxon says goal is to have 75% Guyanese workforce on each...

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ExxonMobil Guyana says it has been pursuing various initiatives to ensure hundreds of Guyanese are able to take up leading roles in supporting the operations...

75% cost recovery provides opportunity for local suppliers to maximise benefits...

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Guyana’s Minister within the Ministry of Public Works, Deodat Indar, said on Thursday the 75% cost recovery ceiling for operations at the Stabroek Block...

Investment firm predicts ‘soaring production volumes’ for Exxon in Guyana

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ExxonMobil boasts a bellwether status in the energy space and an optimal integrated capital structure that has historically produced industry-leading returns, says investment research...

1 million barrels of Guyana oil could hit the market at...

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The rapid increase in oil production offshore Guyana will perhaps be coming at one of the most opportune times in the boom-and-bust cycle of...

Cretaceous plays continue to dominate global hydrocarbon output

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Global oil and gas companies are increasingly narrowing their exploration and production activities to fewer regions and plays to make sure they are invested...

Territorial hostilities delayed Exxon’s Stabroek Block campaign for years

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When ExxonMobil was awarded the Stabroek Block license in 1999 it did not immediately move to begin exploration activities. Offshore drilling in Guyana at...

TechnipFMC, Halliburton providing fiber optic solution for Exxon’s Payara Development

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Oilfield Service Companies TechnipFMC and Halliburton have received an OTC Spotlight on New Technology Award® (SONT) for their Odassea™ Subsea Fiber Optic Solution, an...

Why is finding oil outside of Stabroek block proving to be...

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U.S. oil major ExxonMobil hit pay on the very first well it drilled on the 6.6 million acres Stabroek block in 2015 and has...

Hess anticipates drilling US$1B into Guyana oil developments next year

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Even as it keeps a close eye on market forces and how those may shift to affect its capital allocation, Hess Corporation has disclosed...

Surge in FPSO awards to double fabricators’ pipeline, Yellowtail next in...

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Norway-based Rystad Energy said in a report on Thursday that the FPSO market is booming this year, with more contracts awarded in the second...