Tag Archives: ExxonMobil

The first one million barrels of crude oil produced in Guyana is about to leave aboard a tanker for an ExxonMobil refinery where impurities and contaminants will be removed to set a standard for oil being produced from the Liza well located offshore, officials said. “There was also this great, big tanker that tonight (Friday)/tomorrow (Saturday) is going to load ...

ExxonMobil has so far flared more than 1.2 billion cubic feet of natural gas since beginning commercial oil production on December 20, 2019 offshore Guyana, something at which this South American country’s environmental watchdog initially expressed surprise. The Environmental Protection Agency (EPA) Executive Director, Dr. Vincent Adams, asked to confirm what oil industry stakeholders have told News-Talk Radio Guyana 103.1 ...

IRVING, Texas – ExxonMobil Friday announced that oil production has started from the Liza field offshore Guyana ahead of schedule and less than five years after the first discovery of hydrocarbons, which is well ahead of the industry average for deepwater developments. Production for Liza Phase 1 to reach full capacity of 120,000 barrels of oil per day in the ...

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 ...

by GHK Lall The Hon. Minister of Natural Resources, Mr. Raphael Trotman, MP, has now spoken a little more about what could have—perhaps, should have—been negotiated, finalized, and executed at the time with the now standing, sacrosanct ExxonMobil contract, and all of its troubling terms. Mr. Trotman is on the money on a few things about that contract, but I ...

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, ...

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 ...

by GHK Lall On this one thing all Guyanese can agree: the oil contract(s) is poor, measly, and impoverishing. I think so, and anything above the pittance finalized would be welcomed. But this is as far as I will go today on the demerits, or otherwise, of the contract(s). Instead, I focus on and share what I hope would be ...

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 ...

Former Natural Resources Minister, Robert Persaud on Tuesday made it clear that he never benefitted financially from the award of a concession to Ratio Energy or any other oil company, and said no local or foreign investigator has contacted him. “No, and it’s not my intention to benefit from any deal,” he said, adding that “I don’t perform my responsibility ...