Profits Galore, but no words about climate change eyesonsuriname Amsterdam, 20 feb 2023– US-based private financial and investment company, The Motley Fool, says ExxonMobil’s fifth development project off the coast of Guyana is a clear indication of the major’s confidence in the oil market. The Uaru development, set to deliver first oil in 2027, is expected to…
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Guyana Oil Fund at work eyesonsuriname Amsterdam, 20 feb 2023– US-based private financial and investment company, The Motley Fool, says ExxonMobil’s fifth development project off the coast of Guyana is a clear indication of the major’s confidence in the oil market. The Uaru development, set to deliver first oil in 2027, is expected to cost around…
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Changing agreement would destabilize confidence eyesonsuriname Amsterdam, Feb 10 2023– ExxonMobil Guyana President, Alistair Routledge defended the stability of the Stabroek Block production sharing agreement (PSA) during a media conference in Georgetown on Thursday. We’ve made now over US$30 billion worth of investment to the country based on the contract as it stands. To change the…
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More than 30 discoveries offshore Guyana, ExxonMobil has a clear line of sight for the addition of six floating production, storage, and offloading (FPSO) vessels by 2027. Goal expected to see oil production exceeding 1.2 million barrels per day (bpd). All projects are to be located in the Stabroek Block, in which ExxonMobil holds a…
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eyesonsuriname Amsterdam, 29 January 2023–ExxonMobil is looking to increase its multi-billion barrel recoverable resources offshore Guyana this year. Its co-venturer Hess Corp. recently announced yet another significant discovery at Fangtooth SE-1. And according to Rystad Energy, more discoveries will come over the next several years, with a new bulk to be exploited in 2023. In an exclusive interview…
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13 Billion $$ Involved eyesonsuriname Amsterdam, 28 Januari 2023– ExxonMobil’s fifth project in Guyana, Uaru, is shaping up to be a giant undertaking both in terms of its field development and total cost. The estimated cost comes in at a massive US$12.7 billion – reflecting current market conditions with room for additional scope, according to…
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Investments Chevron and Exxon eyesonsuriname Amsterdam, 6 January 2023–Chevron Corp. and ExxonMobil – two of the biggest oil and gas majors on the globe have been pulling the plug on mega international projects to focus attention on more lucrative ventures in the Americas. The Wall Street Journal is deeming it “the era of retrenchment”. Both…
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Part Three examines how the fossil fuel industry worked to delay the transition to renewable energy sources — including by promoting natural gas as a cleaner alternative. More about Big Oil and the Environmental Impact Part One charts the fossil fuel industry’s early research on climate change and investigates industry efforts to sow seeds of…
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Finally Hope for Suriname ? Only and Exclusively If Managed Well eyesonsuriname Amsterdam, April 21 2022– For the second time in history the U.S.of A., could perhaps play a role of importance in Suriname. The first time was when bauxite was discovered in the early 1900 hundreds and Suriname played a crucial part, by delivering aluminium…
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