ExxonMobil announces 6th oil discovery offshore Guyana with Ranger-1; Guyana may move from non-producer to regional powerhouse

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ExxonMobil Corporation announced positive results from its Ranger-1 exploration well, marking ExxonMobil’s sixth oil discovery offshore Guyana since 2015. Despite much naysaying and attacks against this process, I am confident that Guyana is on the right path.

ExxonMobil confirms significant oil discovery offshore Guyana

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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 Hess Guyana Exploration Ltd.

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ExxonMobil greenlights Liza development in offshore Guyana; $4.4B Phase 1 investment

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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. Hess Guyana Exploration Ltd.

British and Brazilian companies to install bioethanol demo plant in Guyana

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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.

ExxonMobil adds 2.7B barrels oil equivalent to reserves; replaces 183% of 2017 production

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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

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