HOUSTON, (Reuters) – Exxon Mobil XOM.N today beat Wall Street’s third quarter profit estimate, boosted by strong oil output in its first full quarter that includes volumes from U.S.
Introduction
Survey shows overwhelming support for renegotiation of Petroleum Agreement
Introduction
The results of a recent survey on the 2016 Petroleum Agreement with ExxonMobil and partners reveal overwhelming public support for renegotiation, with serious concerns about key provisions of the Agreement.
(Reuters) – Exxon Mobil (XOM.N) signaled in a regulatory filing today that changes in oil prices would reduce the energy major’s third-quarter upstream earnings by US$600 million to US$1 billion.
Every Man, Woman and Child in Guyana Must Become Oil-Minded – Column 138
After years of dithering and delays, the People’s National Congress Reform (PNC-R) recently unveiled a 20-point plan – more a statement of intent – for managing Guyana’s fast-moving oil and gas sector.
Commentator Christopher Ram has flayed the government and opposition for abdicating their responsibilities to the country to ensure a better deal with ExxonMobil, a circumstance he described as the surrender of the country’s sovereignty.
Every Man, Woman and Child in Guyana Must
Become Oil-Minded – Column 136
Introduction
Over the past three weeks, this Column has shown how the PPP/C has reversed its pre-election promise to review and renegotiate the 2016 Petroleum Agreement.
Oil Spill Response Limited (OSRL) has posted vacancies for their new operational base in Guyana, following the July commissioning of a state-of-the-art capping stack designed to seal any offshore spill here.
Every Man, Woman and Child in Guyana Must Become Oil-Minded – Column 135
Introduction
This is the final part of an adaptation of a talk I gave last July at a forum sponsored by the US NGO Oil and Gas Guyana Network (OGGN).
Guyana Shore Base Inc. (GYSBI), in collaboration with its parent company, Muneshwers Limited, and its Joint Venture partners, will host a career fair on Saturday, August 24th, 2024, at the Everest Cricket Club, Camp Road, Georgetown, from 09:00 hrs to 16:00 hrs.
HOUSTON, (Reuters) – Exxon Mobil’s legal bid to stop Chevron’s proposed US$53 billion acquisition of Hess rests on whether the transaction would involve a change of control of Hess’ prize subsidiary in Guyana, according to people knowledgeable about the argument.
Every Man, Woman and Child in Guyana Must Become Oil-Minded – Column 132
Modest investment, gargantuan returns
Last week’s column completed the review of the published financial statements of the three companies which signed the 2016 Agreement for the Stabroek Block.
Every Man, Woman and Child in Guyana Must Become Oil-Minded – Column 131
Introduction
Today’s column features the financial statements of the Chinese-owned CNOOC which holds a 25% working interest in the Stabroek Block, as a “non-operating joint venture partner”.
Every Man, Woman and Child in Guyana Must Become Oil-Minded – Column 130
Introduction
This week’s column features the financial statements of the Guyana branch of ExxonMobil Guyana Limited, a 45% stakeholder, and the designated Operator, in the Stabroek Block.
Every Man, Woman and Child in Guyana Must Become Oil-Minded – Column 129
Introduction
On 29th December 2023, in a letter to the press, I argued that the Natural Resource Fund was overstated by G$274 BN.,
Commentator Christopher Ram has said that the Guyana Government should seek to acquire Hess’ 30% share in the lucrative Stabroek Block which is currently at the centre of a dispute between two American oil majors: ExxonMobil and Chevron.
Every Man, Woman and Child in Guyana Must Become Oil-Minded Part 125
Introduction
The disagreement involving the three Contractors under the 2016 Agreement (Exxon Guyana, Mobil, Hess and CNOOC) and Chevron over the friendly takeover of Hess by Chevron has gone to arbitration in the United States.