CARACAS, VENEZUELA (By Piero Stewart, Editores Latin Petroleum, 16.Sep.2026, Words: 172) â US-based ExxonMobil Corporation is reportedly advancing talks with Venezuelan authorities to evaluate its return to the OPEC country, nearly 2 decades after abandoning operations following the nationalization of its assets. Executives from the Spring, Texas-based oil company traveled to […]
Tag: Exxon Mobil
ExxonMobil 2Q:26 key takeaways; Guyana production capacity to rise in 4Q:26
HOUSTON, TEXASÂ (By Pietro D. Pitts, Energy Analytics Institute, 31.Jul.2026, Words: 202) â ExxonMobil Holdings Corporation reported second quarter 2026 (2Q:26) earnings of $14.5bn and adjusted earnings of $14.7bn. Cash flow from operating activities was $23.6bn and free cash flow (FCF) was $17.2bn. Other highlights from the 2Q:26 follow: â […]
Guyana: execution excellence and technology accelerate development
SPRING, TEXAS (By ExxonMobil, 31.Jul.2026, Words: 439) â Guyana provides a clear example of how execution excellence and technology can accelerate development and improve project economics, ExxonMobil CEO Darren Woods said during the companyâs second quarter 2026 webcast. âIn little more than a decade, the Stabroek Block moved from discovery to […]
PRESS DIGEST 31 JUL 2026: Chevron VEN; 5th Guyana FPSO sails; PEMEX 2Q:26 results
CARACAS, VENEZUELA (By Energy Analytics Institute, 31.Jul.2026, Words: 665) â The following briefs span company details on AZIO AI Holdings, Inc., Enbridge, PetrĂłleos Mexicanos (PEMEX), Canadaâs Ministry of Environment, Climate Change and Nature, Canada Nickel Company Inc., ExxonMobil, Petroindependencia, S.A., Petropiar, S.A., Chevron Corporation, OXY, and Hess Corporation, among others. RELATED: […]
ExxonMobil says entitlement to reduce 3Q:26 Guyana output by 100,000 b/d
HOUSTON, TEXASÂ (By Pietro D. Pitts, Energy Analytics Institute, 31.Jul.2026, Words: 154) â ExxonMobil said production in Guyana in the third quarter 2026 will be lower owing to entitlement volumes. âThe Guyana production-sharing rebalance will reduce ExxonMobilâs net entitlement volumes by approximately 100,000 barrels per day in the quarter,â Exxon […]
Exxon: Guyana co-venturers have invested over $55bn since 2014
SPRING, TEXAS (By Exxon, 31.Jul.2026, Words: 323) â The Guyana production- sharing agreement follows a structure commonly used in the industry: the co-venturers fund all exploration and development and recover those costs over time from a portion of production. In any period, after a royalty on gross production is paid […]
MEEI approves Oxyâs investment in TTUD-1 ultra-deep block
CARACAS, VENEZUELA (By Piero Stewart, Energy Analytics Institute, 8.Jun.2026, Words: 199) â Officials from Trinidad and Tobagoâs Ministry of Energy and Energy Industries (MEEI) met with representatives from ExxonMobil Trinidad and Tobago Limited and Occidental Petroleum (Oxy). The meeting took place at MEEIâs head office, International Waterfront Complex, Port of Spain.
Exxon and ConocoPhillips said considering return to VenezuelaÂ
HOUSTON, TEXAS (By Pietro D. Pitts, Energy Analytics Institute, 28.May.2026) â US-based energy giants Exxon Mobil Corp. and ConocoPhillips are considering a return to Venezuela after leaving the country 2 decades ago, despite Venezuela’s outstanding debt to the companies. Talks for their return are ongoing, but the companies have indicated the […]
ExxonMobil awards Nigerian deepwater completions contract to Weatherford
BATON ROUGE, LOUISIANA (By Steve Stewart, Energy Analytics Institute, 21.May.2026, Words: 137) â Esso Exploration & Production Nigeria Ltd. (EEPNL), an ExxonMobil affiliate, awarded Weatherford International plc a deepwater integrated completions contract for offshore Nigeria. While financial details were not revealed by either company, the contract falls within Weatherfordâs well construction and completions […]
QatarEnergy inks MOU for gas cooperation with Egypt in the Eastern Mediterranean
DOHA, QATAR (By QatarEnergy, 21.May.2026, Words: 238) â QatarEnergy signed a memorandum of understanding (MOU) with the government of the Arab Republic of Egypt and ExxonMobil to study enabling the potential development and commercialization of gas discoveries in Cyprus through Egyptâs existing gas and LNG export infrastructure. The MOU enables […]
Exxon Mobil eyes output of 4.1-4.3 MMboe/d in 2Q:26
ATLANTA, GEORGIA (By Chad Archey, Energy Analytics Institute, 1.May.2026, Words: 186) â ExxonMobil Corporation expect second quarter 2026 (2Q:26) production of 4.1 to 4.3 million oil-equivalent barrels per day (MMboe/d). This assumes the Strait of Hormuz closure persists for the entire quarter. âRelative to 2025, this has an impact of approximately […]
PRESS DIGEST 1 MAY 2026: Exxon and Chevron 1Q:26 results; XOM 5th GUY FPSO
MONTERREY, MEXICO (By editors with Energy Analytics Institute, 1.May.2026, Words: 405) â The following briefs are compiled from varied media outlets across the Latin America and Caribbean (LAC) region and beyond and span company details on Chevron Corporation, Exxon Mobil Corporation, and Silver Viper Minerals, among others. Energy Analytics Institute (EAI) […]
Noble highlights backlog, extension with PETROBRAS, contract with ExxonMobil Guyana
HOUSTON, TEXAS (Ofelia Paredes, Energy Analytics Institute, 26.Apr.2026, Words: 467) â Noble Corporationâs fleet of 24 marketed floaters was 68% contracted during the first quarter 2026 (1Q:26) compared with 62% in the 4Q:25. Recent contract awards since last quarter have added approximately 5 rig years of new floater backlog. Recent […]
Halliburtonâs Latin America segment reports strong 1Q:26 revenue, up 22% v 1Q:25
ATLANTA, GEORGIA (By Chad Archey, Energy Analytics Institute, 21.Apr.2026, Words: 283) â Halliburton Company said its Latin America (LatAM) revenue in the first quarter 2026 (1Q:26) was $1.1bn, up 22% compared to the 1Q:25. This increase was primarily driven by higher activity across multiple product service lines in Ecuador, the Caribbean, […]
Guyana oil production averaged 918,000 bpd in February-government
GEORGETOWN, GUYANA (By Reuters, 30.Mar.2026, Words: 156) â Guyana produced an average of 918,000 barrels of oil per day (bpd) in February, government data showed on Monday, a slight rise from the 915,000 bpd produced in January. Both figures are a significant increase from average 2025 production of 716,000 bpd, […]
ANALYSIS: David vs Goliath: Guyana and Venezuela race toward 1.5 MMb/d
BATON ROUGE, LOUISIANA (By Pietro D. Pitts, Energy Analytics Institute, 6.Mar.2026, Words: 732) â Two very different oil stories are converging on the same symbolic number: 1.5 million barrels per day (MMb/d). Tiny Guyana, a new entrant to the global oil stage, and Venezuela, a founding OPEC member with the worldâs largest oil reserves […]
ExxonMobil updates MEEI ministers regarding TTUD-1 activities offshore Trinidad
PANAMA CITY, PANAMA (By Piero Stewart, Energy Analytics Institute, 16.Dec.2025, Words: 183) â Officials with Trinidad and Tobagoâs Ministry Energy and Energy Industries (MEEI) met with a high-level delegation from the US Embassy and Spring, Texas-based ExxonMobil Corporation to receive updates on the progress of operations related to the recently awarded […]
ExxonMobil to buy 40% joint interest in Enterpriseâs Bahia NGL pipeline
HOUSTON, TEXAS (By Isaac Silvestre, Energy Analytics Institute, 3.Dec.2025) â Houston-based Enterprise Products Partners L.P. executed an agreement with Spring, Texas-based ExxonMobil Corporation, which will acquire a 40% undivided joint interest (UJI) in the formerâs Bahia natural gas liquids (NGL) pipeline. Sealing a deal that changes the competitive landscape in the […]
ExxonMobil’s US Gulf Coast CCS “Field of Dreams”: Will the emitters come?
HOUSTON, TEXAS (By Pietro D. Pitts, Energy Analytics Institute, 28.Sep.2025, Words: 1,640) â ExxonMobil Corporation is taking aim at the US Gulf Coast to address growing decarbonization needs of industrial clients, while also addressing emissions from its own operations. To this end, ExxonMobil looks to remove up to 100 million […]
ExxonMobil takes $6.8bn FID on Hammerhead offshore Guyana
PANAMA CITY, PANAMA (By Piero Stewart, Energy Analytics Institute, 22.Sep.2025, Words: 112) â ExxonMobil Corporation announced a final investment decision (FID) related to its Hammerhead development offshore Guyana. The FID was taken after ExxonMobil received the required regulatory approvals.
ExxonMobil comments on local content and workforce development in Guyana
PANAMA CITY, PANAMA (By Piero Stewart, Energy Analytics Institute, 17.Sep.2025, Words: 215) â ExxonMobil Guyana and its contractors have spent over GY$600bn with Guyanese businesses since operations began in 2015. ExxonMobil official started production offshore Guyana in Dec. 2019. And, in the first-half 2025 (1H:25) alone, GY$87bn was spent directly […]
ExxonMobil Global Outlook to 2050 [PDF download]
SPRING, TEXAS (By Exxon, 1.Sep.2025, Words: 124) â ExxonMobil revealed its Global Outlook, which is the companyâs view of demand and supply of energy and related products through 2050. Key takeaways All energy types are needed for a more prosperous, lower-emission future. â renewables grow the fastest â coal declines […]
ExxonMobil signs deal to explore for oil and gas near Trinidad despite criticism
PORT-OF-SPAIN, TRINIDAD AND TOBAGO (By AP, 12.Aug.2025, Words: 480) â ExxonMobil signed a deal on Tuesday to explore a vast area near Trinidad and Tobago for oil and gas, even as the twin-island nation faces pressure to focus more on green energy deals. The search will take place off Trinidadâs east coast, […]
CNOOC announces Yellowtail project commences production offshore Guyana
PANAMA CITY, PANAMA (By Piero Stewart, Energy Analytics Institute, 8.Aug.2025, Words: 226) â CNOOC Limited confirmed the Yellowtail project offshore Guyana in the Stabroek block, where the Chinese company has a 25% working interest, has commenced production safely ahead of schedule. Yellowtail is located in Stabroek, which has water depths […]
Trinidad, ExxonMobil agree to terms for deepwater blocks, government sources say
HOUSTON, TEXAS (By Curtis Williams, Reuters, 5.Aug.2025, Words: 580) â Trinidad and Tobago’s government has agreed to award U.S. oil major ExxonMobil acreage in an ultra-deep area that includes seven blocks to explore for oil and gas, two senior government officials told Reuters. The parties began negotiations earlier this year […]
Woodside says to strengthen Australian operations with ExxonMobil Australia deal
PERTH, AUSTRALIA (By Woodside, 29.Jul.2025, Words: 474) â Woodside Energy agreed to assume operatorship of the Bass Strait assets, unlocking potential development of additional gas resources, following an historic agreement with ExxonMobil Australia. Consolidating operatorship of the Bass Strait assets into Woodsideâs operated portfolio strengthens Woodsideâs footprint in Australia and […]
EAI brief: Stabroek Petroleum Agreement v. IFRS
PANAMA CITY, PANAMA (By Piero Stewart, Energy Analytics Institute, 24.Jul.2025, Words: 91) â The prolific Stabroek block offshore Guyana just welcomed in a new player: Chevron Corporation. This, after Chevron completed its acquisition of Hess Corporation. For newcomers following the nascent Guyana energy sector, the differences between the Stabroek Petroleum […]
Fact sheet: Guyana oil production offshore in 4Q:24 and projected for 2027 and 2030
PANAMA CITY, PANAMA (By Piero Stewart, Energy Analytics Institute, 20.Jul.2025, Words: 207) â Gross crude oil production offshore Guyana in the prolific Stabroek block averaged 652,000 barrels per day (b/d) in the fourth-quarter 2024 (4Q:24), according to block operator ExxonMobil Corporation Guyana Limited (EMGL). This production came from just the […]
ANPG, ExxonMobil and partners in Angola’s block 15 ink PSC that expires in 2037
HOUSTON, TEXAS (By Editors at Energy Analytics Institute, 14.Jul.2025, Words: 252) â Angola’s National Agency for Oil, Gas, and Biofuels (ANPG) and the partners of the block 15 contractor group, operated by ExxonMobil and partners Azule Energy, Equinor, and Sonangol E&P, signed an addendum to the block 15 production sharing […]
Petrobras acquired 13 blocks in the ANPâs 5th permanent concessions offer cycle
SALVADOR, BRAZIL (Pedro Silva, Energy Analytics Institute, 17.Jun.2025, Words: 364) â Petrobras acquired 10 blocks in the Foz do Amazonas basin and 3 blocks in the Pelotas Basin in the 5th permanent concession offer cycle of the National Agency of Petroleum, Natural Gas and Biofuels (ANP). The value of the signature […]
Delcy RodrĂguez to present Essequibo development plan to VP Council
PANAMA CITY, PANAMA (By Piero Stewart, Energy Analytics Institute, 4.Jun.2025, Words: 264) â Venezuela’s executive vice president Delcy RodrĂguez will soon present a development plan for the new state of Guayana Esequiba, also known as the Essequibo, to the Council of Vice Presidents. RodrĂguez revealed details around the plan during […]
NRGBriefs May 2025: Chevron’s Wirth on Venezuela, GranMorgu, Petrobras on Proquigel
HOUSTON, TEXAS (Editors at Energy Analytics Institute, 31.May.2025, Words: 5,844) â Global energy, finance and project briefs as well as other from the front pages of the top newspapers across Latin America and the Caribbean during May 2025. RELATED: Chevron says CABGOC responds to an incident at BBLT platform
ExxonMobil eyes 950,000 b/d this year offshore Guyana when fourth FPSO comes online
PANAMA CITY, PANAMA (By Piero Stewart, Energy Analytics Institute, 16.May.2025, Words: 306) â ExxonMobil Guyana Limited, which is producing around 650,000 barrels per day (b/d) offshore Guyana from 3 floating production storage and offloading (FPSO) vessels, has an eye on those volumes reaching 900,000 b/d later this year once its […]
ExxonMobil Guyana awards MODEC contract for Hammerhead FPSO to be moored in Stabroek
PANAMA CITY, PANAMA (By Piero Stewart, Energy Analytics Institute, 21.Apr.2025, Words: 320) â ExxonMobil Guyana Limited awarded MODEC, Inc. a contract to develop a floating production, storage, and offloading (FPSO) vessel for the Hammerhead project offshore Guyana in the prolific Stabroek block. The contract is a limited notice to proceed […]
ExxonMobil submits application to EPA for Longtail project offshore Guyana
HOUSTON, TEXAS (Philipp Markopulos, Energy Analytics Institute, 17.Mar.2025) â ExxonMobil Guyana Limited (EMGL) submitted an application to the Environmental Protection Agency (EPA) for environmental authorization to undertake its Longtail project offshore in the Stabroek block. In specific, the application is for the Longtail development project â ExxonMobil’s eighth in Stabroek […]
EnerMech inks pre-commissioning deal for ONE GUYANA FPSO by SBM Offshore
PANAMA CITY, PANAMA (Piero Stewart, Energy Analytics Institute, 3.Mar.2025) â EnerMech, which specializes in integrated solutions for complex projects around the world, has been selected to carry out pre-commissioning work on the ONE GUYANA FPSO for Guyana Deepwater Operations, SBM Offshore‘s subsidiary in Guyana. The FPSO or floating production storage […]
Texas’ ExxonMobil Logical Candidate to Buy Targa, According to East Daley
ATLANTA, GEORGIA (Chad Archey, Energy Analytics Institute, 26.Feb.2025) â Texas-based ExxonMobil Corporation is a logical candidate to acquire Targa, as it currently supplies approximately 30% of Targa’s volumes and owns a 27% interest in its Midland system, according to East Daley. The rationale is that Exxon would benefit from Targa’s […]
ExxonMobil’s Payara Celebrates 100 MMbbls of Oil Produced in Just 15 Months
HOUSTON, TEXAS (Pietro D. Pitts, Energy Analytics Institute, 13.Feb.2025) â ExxonMobil Corporation, which operates the Stabroek Block offshore Guyana, celebrated 100 million barrels (MMbbls) of oil produced from its Payara project, the company announced 13 Feb. 2025 on social media. Payara, ExxonMobil’s third development offshore Guyana, started up just 15 months […]
YPF Completes 100% Acquisition of Shares and Capital Stock of Mobil Argentina for $327mn
BELIZE CITY, BELIZE (Aaron Simonsky, Energy Analytics Institute, 30.Jan.2025) â YPF S.A. completed the 100% acquisition of the shares and capital stock of Mobil Argentina S.A. (MASA) on 29 Jan. 2025. The transaction was for $327mn, which includes the purchase of the working capital of the company and the price […]
EAI’s NRGBriefs Dec. 2024: Exxon Guyana, Venture Global IPO, Rio Tingo Argentina
HOUSTON, TEXAS (Energy Analytics Institute, 31.Dec.2024) â Energy briefs as well as others related to finance and projects during Dec. 2024 including Venture Global filing for IPO; Rio Tinto approving $2.5bn to expand the Rincon project in Argentina; ExxonMobil, with the announcement of the Hammerhead and Longtail projects offshore Guyana, […]
ExxonMobil completes purchase of FPSO Liza Destiny offshore Guyana
PANAMA CITY, PANAMA (Piero Stewart, Energy Analytics Institute, 19.Dec.2024, Words: 300) â SBM Offshore and Exxon Mobil Corporation affiliate ExxonMobil Guyana Ltd. completed a transaction related to the purchase of the Liza Destiny floating production storage and offloading (FPSO) unit. The transaction occurred ahead of the maximum lease term, which […]
Exxon-led consortium offshore Guyana brings money, builds production
CARACAS, VENEZUELA (Piero Stewart, Energy Analytics Institute, 18.Dec.2024, Words: 385) â ExxonMobil Corporation, with the previous announcement of the Hammerhead and Longtail projects offshore Guyana, looks to take the total number of developments producing in the prolific deepwater offshore Stabroek Block to 8 by 2030. Hammerhead could start producing by […]
ExxonMobil reveals 2030 corporate plan, eyes Capex of $27bn-$29bn in 2025
SPRING, TEXAS (ExxonMobil, 11.Dec.2024) â ExxonMobil announced its Corporate Plan to 2030, creating a platform to further extend the companyâs track record of delivering leading shareholder value. The plan reflects the companyâs strategy to leverage its unique set of competitive advantages and unrivaled opportunities to create significant upside potential for […]
ExxonMobil Withdraws from Suriname Block 52
(Piero Stewart, Energy Analytics Institute, 20.Nov.2024) â ExxonMobil Exploration & Production Suriname B.V. formally notified Suriname’s state-owned Staatsolie that it will withdraw from Suriname offshore Block 52 with an effective date of 14 Nov. 2024. The withdrawal is part of ExxonMobil’s ongoing evaluation of assets in its global portfolio, Staatsolie said […]
LG Chem and ExxonMobil Ink MOU for Lithium Offtake
(Energy Analytics Institute, 20.Nov.2024) â ExxonMobil Corporation and LG Chem inked a non-binding memorandum of understanding (MOU) for a multiyear offtake agreement for up to 100,000 metric tons of lithium carbonate. ExxonMobil will source the lithium from a planned US project that will eventually supply LG Chem’s cathode plant in […]
Exxon, Hess and CNOOC Hit 500 MMbbls Milestone Offshore Guyana
HOUSTON, TEXAS (Pietro D. Pitts, Energy Analytics Institute, 13.Nov.2024) â ExxonMobil Guyana Limited and its Stabroek Block co-venturers, Hess Corporation and CNOOC reached an offshore oil production milestone of 500 million barrels of oil in under 5 years. “Our unrivaled success in developing Guyana’s oil resources at an industry-leading pace, […]
Exxon Eyes First Golden Pass LNG Cargo in Late-2025, Woods Says
(Energy Analytics Institute, 1.Nov.2024) â ExxonMobil Corporation, which is partnered with QatarEnergy in the three-train 18 million tonnes per annum (mtpa) Golden Pass LNG project, eyes the ship off of the initial LNG cargo from the project in late 2025, Darren Woods, the chairman and CEO of the Texas-based company […]
ExxonMobil Reports 3Q:24 Earnings of $8.6bn (PDF Downloads)
(ExxonMobil, 1.Nov.2024) â Exxon Mobil Corporation announced third-quarter 2024 earnings of $8.6bn, or $1.92 per share assuming dilution. Cash flow from operating activities was $17.6bn and free cash flow was $11.3bn. Capital and exploration expenditures were $7.2bn in the third quarter, bringing year-to-date 2024 expenditures to $20bn, in line with […]
Exxon to Sell its Vaca Muerta Assets to Pluspetrol
(Reuters, 30.Oct.2024) â U.S. energy giant Exxon Mobil agreed on the terms and conditions to sell its oil and gas assets in Argentina’s Vaca Muerta formation to Pluspetrol, a source at Exxon Mobil said on Wednesday. Exxon will sell five blocks in Argentina’s western Neuquen province, home to Vaca Muerta, […]
Exxon Mobil, Qatar Get 3-year Extension to Build their LNG Plant in Texas
(Reuters, 25.Oct.2024) â Federal regulators on Thursday gave an Exxon Mobil and Qatar Energy LNG joint venture a 3-year extension to finish building their Golden Pass LNG plant, a regulatory document showed. The extension was granted due to delays caused when lead construction contractor Zachry Holdings filed for bankruptcy in […]