PANAMA CITY, PANAMA (By Piero Stewart, Energy Analytics Institute, 25.Sep.2025, Words: 160) — ExxonMobil Guyana Limited selected TechnipFMC to supply subsea production systems for its Hammerhead development in Guyana’s Stabroek […]
Tag: Exxon Mobil Corp
ExxonMobil Guyana Reports New Oil Find
(ExxonMobil, 15.Mar.2024) — ExxonMobil Guyana announced a discovery at Bluefin in the Stabroek block offshore Guyana, the company’s first discovery of 2024. The Bluefin well encountered approximately 197 feet (60 […]
Guyana Is Trying to Keep Its Oil Blessing From Becoming a Curse
(Bloomberg, 15.Feb.2024) — Guyana has undergone a huge transformation in the near decade since a massive oil discovery off its shores. That’s on full display at the Georgetown Marriott hotel. By sundown, […]
Maduro to Permit Development in Disputed Territory
(Reuters, 5.Dec.2023) — Venezuelan President Nicolas Maduro said on Tuesday he would authorize oil exploration in an area subject to a dispute with Guyana, which said it would report his […]
FPSO Liza Unity Purchase by ExxonMobil Completed
(SBM, 9.Nov.2023) — SBM Offshore and ExxonMobil Guyana Limited, an affiliate of ExxonMobil Corporation, have completed the transaction related to the purchase of FPSO Liza Unity, a few months ahead of […]
Denbury Shareholders Approve Merger with Exxon Mobil
(Reuters, 31.Oct.2023) — (DEN.N) said on Tuesday its shareholders approved the company’s merger with Exxon Mobil (XOM.N), with the deal closing expected on Nov. 2. Exxon Mobil in July agreed to buy […]
Hess Sanctions Uaru Development Offshore Guyana
(Hess, 27.Apr.2023) — Hess Corporation (NYSE: HES) has made a final investment decision to proceed with Uaru, the fifth development on the Stabroek Block, after receiving government and regulatory approvals. […]
Exxon Mobil Corp. Sued by EEOC for Race Discrimination
(US EEOC, 2.Mar.2023) — Exxon Mobil Corporation, doing business as ExxonMobil Chemical Corporation, violated federal law when it failed to take effective measures to prevent the display of hangman’s nooses […]
Mobil Launches 50% Post-consumer Recycled Plastic Pails in India
(ExxonMobil, 3.Feb.2023) — Mobil™, a global leader in lubrication technology innovation, has launched an initiative to encourage sustainable packaging with its 50% Post-Consumer Recycled (PCR) plastic pails. The PCR pails […]
ExxonMobil Moves Forward with Largest Renewable Diesel Facility in Canada
(ExxonMobil, 26.Jan.2023) — ExxonMobil announced its majority-owned affiliate, Imperial Oil Ltd, will invest about $560mn to move forward with construction of the largest renewable diesel facility in Canada. The project […]
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Hess’ Guyana Developments and Low Breakeven Prices [PDF Download]
(Energy Analytics Institute, 5.Jan.2023) — Hess Corporation’s activities offshore Guyana in the Stabroek Block over the company exceptional reservoir quality and low development costs. The company’s first four developments offshore […]
Chad Contests Savannah Energy Acquisition of Exxon Mobil Assets
(Reuters, 13.Dec.2022) — Chad may ask its courts to block Savannah Energy‘s purchase of Exxon Mobil Corp‘s assets in the country, saying the final terms of the deal were substantially […]
NRGBriefs: XOM, OXY, CVX Dividends; Hess Guyana Liftings
(Energy Analytics Institute, 27.Jul.2022) — Energy briefs including US Vice President Kamala Harris speaking with Guyana’s President Mohamed Irfaan Ali about energy and other issues; the board of directors of […]
Hess Announces Two More Discoveries Offshore Guyana
(Hess, 26.Jul.2022) — Hess Corporation (NYSE: HES) today announced two new discoveries at the Seabob-1 and Kiru-Kiru-1 wells on the Stabroek Block offshore Guyana. The discoveries, which are the sixth and seventh […]
Guyana Moves Ahead with Q3 Oil Block Auction
(Reuters, 25.Jul.2022) — Guyana’s government expects that an upcoming auction for oil and gas blocks will attract new companies to its energy industry, President Irfaan Ali said on Monday, following […]
Eni to Join Exxon, Total, Shell, Conoco in Qatar’s mega-LNG Expansion
(Reuters, 8.Jun.2022) — Italian producer Eni (ENI.MI) has been picked, along with another four oil majors, by Qatar as partners in the near $30 billion expansion of the world’s largest liquefied natural gas (LNG) project, people with […]
Colombia Higher Court Rules Fracking Pilot Projects Can Go Ahead
(Reuters, 2.Jun.2022) — Investigative fracking operations in Colombia can go ahead after a court in the Andean country’s Santander province on Thursday reversed a lower court’s decision to block two […]
Shell Joins Exxon with $1bn Brazil Exploration Setback
(Bloomberg, 16.May.2022) — Expensive offshore exploration setbacks for international oil majors including Shell Plc and Exxon Mobil Corp. are throwing cold water on their plans to turn Brazil into a […]
Hess Reveals Three New Finds Offshore Guyana, Boosts Resource Estimate
(Hess, 26.Apr.2022) — Hess Corporation (NYSE: HES) announced an increase in the gross discovered recoverable resource estimate for the Stabroek Block offshore Guyana to approximately 11 billion barrels of oil equivalent, up from […]
C2 Communications Partners With Excel Guyana
(C2 Communications, 27.Aug.2021) — C2 Communications, a national award-winning public relations and marketing firm, has partnered with Excel Guyana, Inc. to raise awareness of the diverse business growth opportunities, infrastructure improvements […]
Guyana Re-launches Search For Co. To Market Govt’s Oil
(Reuters, 12.Jul.2021) — Guyana is re-launching a search for a company to market the government’s share of crude oil produced off the South American country’s coast to make the tender […]
Venezuela Oil Czar Says Output To Skyrocket, Sanctions Be Damned
(Bloomberg, 21.Jun.2021) — In Venezuela, waiting in line at a gas station — sometimes for days — has become so routine that it’s hard to imagine life without it. But […]
Hess eyes higher, new nameplate capacity at Liza Destiny FPSO
(Aaron Simonsky, Energy Analytics Institute, 26.May.2021, Words: 411) — The Liza Destiny floating production storage and offloading (FPSO) unit offshore Guyana in the Stabroek Block is expected to shutdown briefly […]
Exxon Activist Wins Partial Glass Lewis Support In Board Fight
(Bloomberg, 17.May.2021) — The activist seeking to revamp the board of Exxon Mobil Corp. received a boost Monday with another prominent shareholder advisory firm recommending investors support two of its […]
Exxon To Restart Gas Compressor At Guyana Platform In June
(Reuters, 14.May.2021) — Exxon Mobil Corp said on Friday it will reinstall a gas compressor at its Liza Destiny platform off Guyana’s coast in June, after an equipment failure last […]
U.S. Thirst For Russian Oil Hits Record High
(Bloomberg, 24.Mar.2021) — The oil tankers docking at the refinery in Baytown, Texas, look exactly like many others plying the waters of the Houston Ship Channel. But stashed inside their […]
Exxon Mobil Declares 1Q:21 Dividend
(Energy Analytics Institute, 27.Jan.2021) — Irving, Texas-based Exxon Mobil Corporation announced that its Board of Directors declared a cash dividend of $0.87 per share on the common stock. The dividend […]
Suriname Latest Big Oil Find As Industry Cuts Costs
(The New York Times, 20.Jan.2021) — The small South American country has become a hot prospect for oil companies looking to produce fossil fuels while spending less. The Atlantic waters […]
Guyana Plans To Export 5-6 Crude Cargoes In 2021
(Argus, 22.Dec.2020) — Guyana plans to export “five to six” 1mn bl cargoes of its crude entitlement from the deepwater Stabroek block in 2021 to offset lower-than-expected shipments in 2020, […]
Petronas Finds Hydrocarbon In Offshore Suriname
(Petronas, 11.Dec.2020) — Petronas through its subsidiary, Petronas Suriname E&P B.V. (PSEPBV) made its first discovery of hydrocarbon in Suriname with the successful drilling of the Sloanea-1 exploration well located […]
Exxon’s To Plug Tanager-1 Well Offshore Guyana
(Westmount, 17.Nov.2020) — Westmount Energy Ltd., further to the announcement by Ratio Petroleum Energy Limited Partnership dated today, that the Tanager-1 well, offshore Guyana, has been reported as an oil […]
Exxon Guyana Conducts Maintenance Operations
(Energy Analytics Institute, 11.Nov.2020) — ExxonMobil Guyana recently conducted maintenance on some oil spill response equipment located offshore the small South America country. “This maintenance and training activity involved deploying […]
Guyana Says Getting Better Oil Deal
(Energy Analytics Institute, 10.Nov.2020) — The government of Guyana, the newest petro-state in the Latin America and Caribbean region, announced it has made strides in extracting better benefits from oil […]
ExxonMobil To Reduce US Staff Levels
(Exxon, 30.Oct.2020) — As part of an extensive global review announced earlier this year, the company plans to reduce staffing levels in the United States, primarily at its management offices […]
Exxon Mobil Corporation Declares 4Q:20 Dividend
(Exxon, 28.Oct.2020) — The Board of Directors of Exxon Mobil Corporation declared a cash dividend of $0.87 per share on the Common Stock, payable on 10 December 2020 to shareholders […]
Quick Comparison: Liza 1 And Payara Developments
(Energy Analytics Institute, 5.Oct.2020) — Major differences in the licenses for the Liza Phase 1 and Payara developments offshore Guyana in the Stabroek Block as provided by Guyana’s Ministry of […]
Eleven Rigs Reactivated In The Vaca Muerta In Neuquén
(Energy Analytics Institute, 3.Oct.2020) — Argentina’s NeuquĂ©n Ministry of Energy data reveal 11 drilling rigs have been reactivated in the province, and all targeting the Vaca Muerta formation. Of the […]
Payara Licence A Major Improvement On Liza 1
(DPI, 3.Oct.2020) — The new licence issued to Esso Exploration and Production Guyana Limited (EEPGL) for the development of its Payara well features significant new clauses missing from the Liza 1 […]
Petrobras Finds Oil At Campos Basin Well
(Petrobras, 23.Sep.2020) — Petrobras found the presence of hydrocarbons in the pioneer well of block C-M-657, located in the pre-salt of the Campos Basin. Well 1-BRSA-1376D-RJS (Naru) is located approximately […]
Stena Carron Arrives To Drill Tanager Prospect
(Energy Analytics Institute, 15.Sep.2020) — Ratio Guyana, an affiliate of Tel Aviv-based Ratio Petroleum, announced the arrival of the Stena Carron drillship to the Tanager prospect and the start of […]
Rafael Ramirez: Venezuela Can Fix Its Own Oil Industry
(Argus, 8.Sep.2020) — Rafael Ramirez served as Venezuela’s oil minister from 2002-2013 and concurrent chief executive of state-owned PdV from 2004-2013, a tumultuous period marked by an oil strike and […]
Big Oil Sees Major Potential In Suriname
(Oilprice.com, 7.Sep.2020) — Suriname is one of Latin America’s poorest countries. Up until July 2020, the former Dutch colony was mired in a political crisis that emerged from the hotly […]
Guyana And Suriname To Benefit From Joining Forces
(Energy Analytics Institute, 24.Aug.2020) — Neighboring Guyana and Suriname in South America have been well off investor’s radars until recently. The countries are now regular headlines due to offshore crude […]
Payara, Payara, Payara!
(Kaieteur News, 13.Aug.2020) — Payara will be proof and pave the way. Payara could be the first plank toward petroleum prosperity. That delay pending review is a constructive move. For […]
Payara Permit Approval On Hold Until Expert Found
(Stabroek News, 12.Aug.2020) — In a key oil sector decision, President Irfaan Ali last evening said that his government is lobbying for technical and financial support to have an international […]
Guyana Could Clear ExxonMobil’s Payara Project
(Argus, 11.Aug.2020) — Guyana’s new government will decide by the end of August whether to approve ExxonMobil’s 220,000 b/d Payara project, natural resources minister Vickram Bharrat said. Payara is ExxonMobil’s […]
Guyana Election Casts Shadow Over Oil Finds
(Forbes, 1.Aug.2020) — Hess Corp. reported more good news from its joint development of Guyana’s Stabroek Block with ExxonMobil and CNOOC on Thursday. The company announced that recently-completed appraisal drilling […]
Vote Standoff Prolongs Guyana Uncertainty
(Argus, 13.Jul.2020) — Guyana’s political stalemate is prolonging uncertainty over the future management of the South American country’s fledgling oil sector, and raising the prospect of US sanctions. The declaration […]
Argentina Puts Damper On Oil Demand, Production
(S&P Global Platts, 26.Jun.2020) — Argentina has extended a 99-day-old economic lockdown for three more weeks to try to contain a surge in coronavirus cases, including by tightening restrictions on […]
Guyana’s Crude Flow Drops On Technical Glitch
(Argus, 9.Jun.2020) — Guyana’s crude production has plunged by 65pc to 27,500 b/d from early May because of technical problems with compression equipment. “We do not know how long this […]