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Tag Archives: ExxonMobil

Oil traders head to Guyana for face-to-face contract bidding

At least half a dozen traders from Houston, Geneva and London are set to alight on tropical Guyana this weekend to bid on some of the first oil cargoes produced by the tiny South American nation, Bloomberg reported. Guyana has no experience in trading oil — and it’s looking to learn the basics from its very first buyer. The government ...

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Early first oil depends on weather; several more exploratory wells to be drilled -ExxonMobil

The start of commercial oil production offshore Guyana in December depends on weather conditions, the ExxonMobil’s Vice President and Secretary, Neil Hansen said on Friday. “The target for achieving first oil is December, dependent on favourable weather conditions,” he told a webcast on ExxonMobil’s third-quarter 2019 financial and operating results. “This will place start-up within five years of initial discovery, ...

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Commercial oil production begins offshore Guyana in December, 2019

Hess Corporation, one of the partners in the ExxonMobil-controlled oil operations offshore Guyana, says commercial oil production will begin in December 2019. “In September, we announced our 14th discovery in the Stabroek Block at Tripletail, offshore Guyana and are now targeting December for first oil from the Liza-1 development,” Chief Executive Officer of Hess Corporation, John Hess was quoted as ...

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Change Guyana political party vows to renegotiate oil contracts

The newly-formed Change Guyana (CG) political party on Tuesday vowed to renegotiate all existing contracts with oil companies to get higher royalties and suspend the award of new concessions pending those talks. Addressing CG’s launch at the Pegasus Hotel, prime ministerial candidate, Nigel Hinds made known his party’s position on the issue at a time when there is lingering debate ...

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Need for unannounced visits to oil operations – EPA Chief

The Executive Director of Guyana’s Environmental Protection Agency (EPA), Dr. Vincent Adams on Monday cited the need for unannounced visits to oil industry operations, even as American and British oil companies discovered more oil offshore the northeast coast of the South American nation. “Unfettered access to the site: There should be no prevention or stiff-arming of government employees or people ...

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ExxonMobil says interim permit for chemical warehouse was too risky

Country Manager of ExxonMobil, Rod Henson on Monday said if the United States (US)-headquartered Nalco Champion (Guyana) Inc. had decided to sign on to an interim 12-month permit to establish a chemical warehouse in Georgetown, that would have been risky for the projected start of commercial oil production early next year. “There were some conditions in which we could be shut down ...

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ExxonMobil makes 1st Tripletail-1 well discovery offshore Guyana 

The Director of the Ministry of the Presidency’s Department of Energy, Dr. Mark Bynoe on Monday announced that ExxonMobil made an oil discovery on the Stabroek Block offshore Guyana at the Tripletail-1 well in the Turbot area. This well was being drilled by the Tom Madden drillship. This discovery adds to the previously announced estimated recoverable resource of more than ...

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