ExxonMobil announces significant oil discovery at Whiptail, offshore Guyana

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ExxonMobil said it made a discovery at Whiptail in the Stabroek Block offshore Guyana. The startup of Liza Phase 2 remains on target for early 2022, and the Liza Unity FPSO expects to sail from Singapore to Guyana in late August 2021. Hess Guyana Exploration Ltd.

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ExxonMobil to proceed with $9B Payara development offshore Guyana

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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.

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ExxonMobil discovery at Uaru-2 offshore Guyana; block recoverable resource estimate upped to 9B barrels oil-equivalent

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ExxonMobil announced an oil discovery at the Uaru-2 well in the Stabroek Block offshore Guyana ( earlier post ). In March 2021, ExxonMobil secured a sixth drillship, the Noble Sam Croft, for exploration and evaluation drilling activities offshore Guyana. Hess Guyana Exploration Ltd.

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ExxonMobil begins oil production in offshore Guyana; estimated ~6B barrels oil equivalent recoverable in Stabroek Block

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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.

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ExxonMobil discovers more oil offshore Guyana at Mako-1 well on the Stabroek Block

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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.

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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 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.

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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. 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%.

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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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ExxonMobil evaluating significant near-term capital and operating expense reductions; COVID-19

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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.

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ExxonMobil seeking to boost growth, continue work on lower-emissions technologies including biofuels and carbon capture

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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.

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Tesla Model 3, Model X are Google’s Most Searched for EVs globally

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The Model X claimed notable areas like Elon Musk’s home country of South Africa and other regions like Egypt, Kazakhstan, Guyana, and Nambia.

Study links PM2.5 pollution to increased risk of diabetes; even low levels pose risk

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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.

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Global Gas Prices | Hybrid Sales

Hybrid SUV Blog

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.

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