Guyana. sales of hybrid SUVs and other fuel efficient vehicles will prove interesting to watch this year, especially if fuel prices remain relatively low. Expert predictions about where oil and gas prices are headed vary widely. Some expect both to remain steady due to global economic conditions while others point to the return of $3/gallon gas (in the states) fueled mainly by an increase in foreign demand. MORE

Woods the had also outlined progress on key projects that support ExxonMobil’s growth plans, including: In Guyana, the estimated gross recoverable resource from the Stabroek Block increased to more than 8 billion oil-equivalent barrels, in part as a result of six additional discoveries made in 2019 and 2020. Production in Guyana is expected to reach more than 750,000 gross barrels of oil per day by 2025. MORE

ExxonMobil has made its final investment decision to proceed with the Payara field offshore development in Guyana after receiving government approvals. As new projects proceed, investment in the Guyana economy increases. Hess Guyana Exploration Ltd. MORE

Exxon Mobil Corporation will proceed with the first phase of development for the Liza field, one of the largest oil discoveries of the past decade, located offshore Guyana. The development received regulatory approval from the government of Guyana. Esso Exploration and Production Guyana Limited is operator and holds a 45% interest in the block. Hess Guyana Exploration Ltd. holds a 30% interest and CNOOC Nexen Petroleum Guyana Limited holds 25%. MORE

For example, poverty-stricken countries facing a higher diabetes-pollution risk include Afghanistan, Papua New Guinea and Guyana, while richer countries such as France, Finland and Iceland experience a lower risk. A study by a team from Washington University School of Medicine in St. Louis and the Veterans Affairs (VA) St. Louis Health Care System links PM 2.5 pollution—even at levels deemed safe—to an increased risk of diabetes globally. MORE

ExxonMobil has started oil production 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. Hess Guyana Exploration Ltd. MORE

In Guyana, ExxonMobil recently announced the 13 th discovery on the Stabroek block, adding to the previously estimated 5.5 Guyana’s first oil production is on track for early next year, five years after discovery. ExxonMobil is progressing growth plans to increase its earnings and cash flow potential while researching technology breakthroughs to reduce emissions, Chairman and CEO Darren Woods said during the company’s annual meeting today. MORE

Exxon Mobil Corporation said that drilling results from the Liza-2 well, the second exploration well in the Stabroek block offshore Guyana, confirm a world-class discovery with a recoverable resource of between 800 million and 1.4 The Liza wells are located in the Stabroek block approximately 120 miles (193 kilometers) offshore Guyana. The Liza-2 well was drilled by ExxonMobil affiliate Esso Exploration and Production Guyana Ltd., Hess Guyana Exploration Ltd. MORE

Other significant new proved reserve additions were made in Guyana, where the company funded the first phase of development last year, and in Mozambique, associated with the project funding of the Coral FLNG project in the gas-rich deepwater Area 4. Offshore Guyana, ExxonMobil has discovered recoverable resources, including current proved reserves and additional resources, estimated to be 3.2 Additional exploration drilling in Guyana is planned in 2018 on the 11.5 MORE

ExxonMobil announced an oil discovery offshore Guyana at the Mako-1 well southeast of the Liza field, marking the 15 th discovery on the Stabroek Block. ExxonMobil affiliate Esso Exploration and Production Guyana Limited is operator and holds 45% interest in the Stabroek Block. MORE

The two will install the units for a bioethanol demonstration plant at the Guyana Sugar Corporation (Guysuco) Albion Sugar Factory, and will be delivering a turnkey unit early next year. Completely reliant on imported oil as a key source of energy, the Government of Guyana, through its Agriculture Sector Development Unit (ASDU), is turning to bioethanol as a source of fuel. After detailed studies it was concluded that locally produced biofuels could have a positive impact in Guyana. MORE