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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) has announced a new discovery at its Paraya-1 well offshore Guyana, its second discovery in the region following success at Liza. The global oil giant said it discovered over 95 feet of ‘high quality, oil bearing sandstone reservoirs’ at Paraya-1. The well was drilled...