Tag Archives: ExxonMobil

The Georgetown City Council on Tuesday said it planned to move in on a John Fernandes Limited (JFL) site at Houston Gardens, East Bank Demerara, to enforce a “cease order on the construction of a petrochemical bond by an American company that has been contracted to supply ExxonMobil. Town Clerk, Sharon Harry-Munroe told reporters that despite the issuance of the ...

Reproduced from Energy Voice By Allister Thomas Guyana’s plans to raise oil and gas royalties may “diminish attractiveness” to future investors, according to new analysis. Earlier this month the South American nation announced its intention to raise the government’s take in future oil licences. Analyst firm GlobalData said the country could raise royalties from the current 2% to 5%, but ...

First Lady Sandra Granger on Saturday commissioned the ‘Liza Destiny’, the first in a series of Floating Production Storage and Offloading (FPSO) vessels for ExxonMobil Guyana at the Keppel Shipyard in Singapore. The vessel will depart Singapore in July and is expected to arrive in Guyana in September to prepare for the commencement of oil production for the Liza Phase ...

The International Monetary Fund (IMF) has pointed to lingering uncertainty about how much profit oil Guyana will actually rake in, even as that global financial watchdog says it is ready to help the country prepare for oil price shocks. Preliminary findings of a 2019 Article IV official visit show that Guyana is well on its way to achieving 4.4 percent ...

The Labour Department cannot afford the money to inspect oil exploration vessels offshore Guyana to ensure they are complying with the country’s occupational safety and health laws, Labour Department Consultant Francis Carryl said Friday. “When we can afford to go out there, we will go to see exactly what is happening and I doubt whether we can go more than ...

IRVING, Texas – ExxonMobil said Friday it has funded the Liza Phase 2 development offshore Guyana after it received government and regulatory approvals. Liza Phase 2 will produce up to 220,000 barrels of oil per day and further capitalize on the significant development potential of the Stabroek Block, where ExxonMobil estimates producing more than 750,000 barrels of oil per day ...

IRVING, Texas–(BUSINESS WIRE)–ExxonMobil said Thursday it made a new oil discovery offshore Guyana at the Yellowtail-1 well, marking the 13th discovery on the Stabroek Block. The discovery adds to the previously announced estimated recoverable resource of approximately 5.5 billion oil-equivalent barrels on the Stabroek Block. Yellowtail-1 is the fifth discovery in the Turbot area, which ExxonMobil expects to become a major ...

Reproduced from ProActive Investors Eco (Atlantic) Oil & Gas Ltd has raised US$17 milion of new funds to cover its participation in a possible expansion to the exploration drilling campaign offshore Guyana. It is selling 16.1 million shares to new and existing investors at a price of 80 pence per share, only a small discount to Wednesday’s closing price of ...

The Guyana Telephone and Telegraph Company (GTT) has established an oil and gas unit that is serving oil companies in the secure transmission of data through its submarine fibre optic cable, the company’s Chief Executive Officer Justin Nedd said. “I can tell you we have an oil and gas unit that deals with the folks onshore,” he told a midday ...

The Guyana government is being asked to fund the purchase of a heavy-lift helicopter to assist in search and rescue (SAR) operations, but meanwhile hopes that ExxonMobil’s helicopter service provider will be able to provide emergency assistance, a top official of the Guyana Civil Aviation Authority (GCAA) said Tuesday. GCAA Director-General, Egbert Field said a stakeholder group, which includes his ...