ExxonMobil Archives - Panorama Insurance Brokers

Exxon seeking EPA approval for major 12-well drill campaign at Canje block

Exploration and appraisal drilling offshore Guyana is set to get even busier with more wells now being targeted at the Canje block where two non-commercial prospects have been spudded so far. The Environmental Protection Agency said in a notice published over the weekend that ExxonMobil Guyana has submitted an application for Environmental Authorisation to undertake… Read More

Noble says rig crews working in Guyana delivering outstanding performances

Noble Corporation said this week contract drilling services revenue for the second quarter of 2021 totaled $200 million compared to $159 million in the combined first quarter of this year. In April, the Noble Sam Croft began its contract in Guyana, bringing the total number of rigs the company has working for ExxonMobil in the South American… Read More

SBM Offshore mobilizing for departure of Guyana FPSO

SBM Offshore said on Thursday its financial results at half-year are in line with management expectations and that staff and contractor teams continue to perform well despite the challenging conditions from the continuing pandemic. The company is also mobilizing for the departure of the Guyana-bound Liza Unity FPSO targeting oil production for Phase 2 of… Read More

Exxon forging ahead with offshore fibre optic cable installation activities

ExxonMobil is forging ahead with its fibre optic cable installation activities at the Stabroek Block offshore Guyana this month, the Maritime Administration Department (MARAD) said in a notice. ‚ÄúThis exercise is scheduled to conclude on October 10, 2021, and will incorporate the use of the MRSV Siem Dorado which will display the international signal for… Read More

KRG Approves DNO Purchase of Exxon Stake in Baeshiqa

By John Lee. DNO ASA, the Norwegian oil and gas operator, today announced that the Kurdistan Regional Government has approved the Company’s acquisition of ExxonMobil‘s remaining 32 percent interest in the Baeshiqa license, doubling DNO’s stake. In parallel, commerciality has been declared on the license with plans submitted for fast-track development including early production from previously… Read More

EPA approves additional 60-day period for flaring, payment increased to US$45 per tonne

The Environmental Protection Agency (EPA) in Guyana has approved an additional 60-day period for flaring of associated gas on the Liza Destiny FPSO for the period July 25 to September 22, 2021. This is to be conducted at a rate of no more than 7 million standard cubic feet per day (MCF) during continued compressor… Read More

Close to 100 percent of gas now being reinjected on Liza Destiny FPSO

The full gas compression system on the Liza Destiny Floating Production Storage and Offloading (FPSO) vessel is now operating, ExxonMobil said in an update on Friday. OilNOW understands that the team continues to perform maintenance and optimization activities with the aim of keeping the flash gas compressor on-line and minimizing flaring until arrival of the… Read More

Exxon reports $4.7B in earnings, plans to increase spending on key projects including Guyana

Exxon Mobil Corporation announced on Friday estimated second-quarter 2021 earnings of $4.7 billion compared with a loss of $1.1 billion in the second quarter of 2020. Second-quarter capital and exploration expenditures were $3.8 billion, bringing the first half of 2021 to $6.9 billion, which is consistent with planned lower activity in the first half of… Read More

BREAKING: Exxon makes another major oil discovery offshore Guyana

ExxonMobil today said it made a discovery at Whiptail in the Stabroek Block offshore Guyana. The Whiptail-1 well encountered 246 feet (75 meters) of net pay in high-quality oil-bearing sandstone reservoirs. Drilling is also ongoing at the Whiptail-2 well, which has encountered 167 feet (51 meters) of net pay in high-quality oil-bearing sandstone reservoirs. Drilling… Read More

Exxon seeking support vessels for Guyana operations

ExxonMobil Guyana plans to put in place an enabling agreement for the provision and operation of Multi-Purpose Support Vessels (MPSVs), Platform Support Vessels (PSVs), and Fast Support Vessels (FSVs) for offshore activity in the new oil producing South American country. In a public notice, the company said vessel delivery date to Guyana will be October… Read More