Eco (Atlantic) Oil & Gas, the oil and gas exploration company focused on the offshore Atlantic Margins, has received formal Ministerial approval from the Ministry of Industries, Mines and Energy of Namibia for the Section 11 assignment relating to the Company’s previously announced farm-out of its 85% participating interest in Petroleum Exploration Licence 98 (‘PEL 98’), offshore Namibia, to an arm’s-length wholly Namibian-owned company, Lamda Energy.
The West African country of Ghana is moving ahead with a second major gas-to-energy project despite the many troubling experiences encountered during its first, a situation that mirrors Guyana’s own struggles with the controversial Wales Gas-to-Energy Project.
Let me show you how ExxonMobil is no longer an investor in Guyana, but is instead using Guyana’s own oil to enrich itself, while the country is left waiting, and the politicians remain silent.
ExxonMobil and Halliburton have completed what the companies describe as the industry’s first fully automated closed-loop geological well placement system during offshore drilling operations in Guyana.
The Government of Guyana, through its Ministry of Natural Resources, is advancing a large-scale 3D multi-client seismic acquisition program offshore, supported by geoscience company Viridien.
Guyana is accelerating efforts to diversify its economy and expand domestic energy infrastructure as offshore oil production continues to drive rapid economic growth, according to President Irfaan Ali. Speaking in Georgetown, Ali said the government is using rising revenue from ExxonMobil-operated offshore developments to fund infrastructure, power generation and industrial projects aimed at reducing long-term […]
DOF Group has secured a large turn-key contract by MODEC Guyana to carry out mooring pre-lay work for the Hammerhead floating production, storage and offloading vessel (FPSO) unit, set for deployment at ExxonMobil’s project offshore Guyana.
The Government of Guyana and ExxonMobil Guyana on Tuesday last launched a new Oil and Gas Corner at the New Amsterdam National Library, an initiative aimed at demystifying the oil and gas industry and inspiring young Guyanese to pursue careers in the sector. According to a Ministry of Finance release, speaking at the official opening, […]
TechnipFMC has been selected by ExxonMobil Guyana to supply subsea production systems for the Hammerhead development in Guyana’s Stabroek block, TechnipFMC announced on Thursday.
First oil is expected in Q2 2029 from the project, which will utilise an FPSO with a production capacity of 150,000 bopd.