Guyana Tag

ExxonMobil has found further oil reserves in the Payara reservoir off the coast of Guyana, increasing the total Payara discovery to around 500 million barrels of oil-equivalent. The well was found in the Stabroek Block, about 210km offshore Guyana, with the successful drill results increasing the...

ExxonMobil (NYSE:XOM) has announced a new oil discovery on the Stabroek Block offshore Guyana. The American oil giant reported positive results on the Snoek well at the project which confirmed the new discovery, located in the Southern portion of the Stabroek Block. Drilling commenced in February and...

ExxonMobil (NYSE:XOM) announced reduced earnings for FY16 of US$7.8 billion compared with 2015 in its latest figures. The US oil company’s earning were almost half the $16.2 billion reported a year earlier, Exxon said it was a result of lower commodity prices and refining margins. Fourth quarter...