Tag Archives: ExxonMobil

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 ...

By Professor Evan Ellis From February 19 through 27, I traveled to Georgetown, Guyana, to speak with individuals in the government and the private sector about the nation’s security challenges and internal dynamics. The country is in a potentially explosive political crisis with at least some similarities to the polarized situation in Washington, DC. In the midst of legal battles ...

The Director of Energy, Dr. Mark Bynoe, Wednesday morning announced that ExxonMobil has made its 11th and 12th discoveries offshore Guyana at the Tilapia-1 and Haimara-1 wells in the southwest section of the Stabroek Block. “This continues to be positive news for the people of the Co-operative Republic of Guyana, but the real substance of these finds will come when ...

(UPSTREAMONLINE.COM).-ExxonMobil has spudded its highly anticipated appraisal of the Liza oil discovery off Guyana. The US supermajor has also begun seismic work on the adjacent Canje block after completing a farm-in deal. Drillship Stena Carron has spudded the Liza-2 appraisal after sailing to ExxonMobil’s Stabroek block off Guyana from the Canary Islands, where it had been idle for more than ...