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Tag: Exxon

Hess Sanctions Payara Development
Guyana Latin America and Caribbean

Hess Sanctions Payara Development

ENERGY ANALYTICS INSTITUTE (EAI)30/09/202030/09/2020
(Hess, 30.Sep.2020) — Hess made a final investment decision to proceed with development of the Payara Field offshore Guyana after the development plan received approval from the government of Guyana....
Exxon Oil Output Falls On Gas Compressor Problem
Guyana Latin America and Caribbean

Exxon Oil Output Falls On Gas Compressor Problem

ENERGY ANALYTICS INSTITUTE (EAI)07/06/202010/06/2020
(Stabroek News, 7.Jun.2020) — Production at Exxon-Mobil’s Liza-1 project in the Stabroek Block, offshore Guyana, has plummeted from 80,000 barrels per day (bpd) to now between 25,000 and 30,000 bpd...
Environment Group Calls On Exxon To Cease Gas Flaring
Guyana Latin America and Caribbean

Environment Group Calls On Exxon To Cease Gas Flaring

ENERGY ANALYTICS INSTITUTE (EAI)28/05/202002/06/2020
(Stabroek News, 28.May.2020) — As ExxonMobil yesterday continued to play up its Guyana investments at its virtual Annual Meeting of shareholders, global environmental and human rights organisation, the Center for...
JPMorgan Chase Climate Action Is Vastly Insufficient
Ecuador Latin America and Caribbean Peru

JPMorgan Chase Climate Action Is Vastly Insufficient

ENERGY ANALYTICS INSTITUTE (EAI)18/05/202020/05/2020
(Amazon Watch, 18.May.2020) — Today, JPMorgan Chase – the largest bank in the United States and the largest banker of fossil fuels worldwide – will hold its Annual General Meeting....
ExxonMobil Tallies 16th Find Offshore Guyana
Guyana Latin America and Caribbean

ExxonMobil Tallies 16th Find Offshore Guyana

ENERGY ANALYTICS INSTITUTE (EAI)28/01/202012/06/2020
(NGI, 28.Jan.2020) — ExxonMobil, which rode the wave for worldwide exploration last year in part because of the prolific Guyana portfolio, announced another discovery offshore the South American country, where...
USA

Exxon, Chevron See U.S. Shale Field Consolidation

ENERGY ANALYTICS INSTITUTE (EAI)04/09/201915/09/2019
(Reuters, 4.Sep.2019) — The two largest U.S. oil and gas companies on Tuesday left the door open for more acquisitions in the country's top shale field. Exxon Mobil Corp expects...
Guyana Latin America and Caribbean

Guyana To Boost Royalties On Future Oil Licenses

ENERGY ANALYTICS INSTITUTE (EAI)03/07/201907/07/2019
(Reuters, 3.Jul.2019) — Guyana is preparing to raise the take of the government in future oil licences, the director of the South American country’s Department of Energy said on Wednesday....
Argentina Latin America and Caribbean

ExxonMobil Moving Forward With Vaca Muerta Expansion

ENERGY ANALYTICS INSTITUTE (EAI)13/06/201918/06/2019
(Exxon, 13.Jun.2019) — ExxonMobil is proceeding with a long-term oil development in Argentina’s Bajo del Choique-La Invernada block. The project is expected to produce up to 55,000 oil-equivalent barrels per...
Africa Argentina Europe Latin America and Caribbean

Argentina Awards 18 Exploration Areas Offshore For $724 Million

ENERGY ANALYTICS INSTITUTE (EAI)17/05/201928/05/2019
(Energy Analytics Institute, Aaron Simonsky, 17.May.2019) — Argentina’s Energy Secretariat awarded 18 areas corresponding to the first International Offshore Public Competition, the country’s Finance Ministry announced May 17 in an...
Guyana Latin America and Caribbean Trinidad and Tobago Venezuela

Could Emerging Oil State Guyana Become The Richest Nation In The World?

ENERGY ANALYTICS INSTITUTE (EAI)12/05/201913/05/2019
(Oilprice.com, Irina Slav, 12.May.2019) — A tiny South American country until recently known mostly as the location of one of the worst mass suicides in modern history is about to...
Guyana Latin America and Caribbean

SBM Offshore Awarded Contracts For ExxonMobil FPSO Liza Unity

ENERGY ANALYTICS INSTITUTE (EAI)10/05/201913/05/2019
(SBM, 10.May.2019) — SBM Offshore announced that Esso Exploration and Production Guyana Limited (EEPGL), an affiliate of Exxon Mobil Corporation, has confirmed the award of contracts for the next phase...
Guyana Latin America and Caribbean

Guyana Oil Find Spurs Exploration Campaigns Among Neighbors

ENERGY ANALYTICS INSTITUTE (EAI)25/04/201926/04/2019
(Amsterdam News, Bert Wilkinson, 25.Apr.2019) — As Guyana, the Caribbean Community’s largest and most resource-rich nation, prepares to become an oil producer by the end of this year, American supermajor...
Guyana Latin America and Caribbean

Oil Cos, Service Providers Establish Footholds In Guyana

ENERGY ANALYTICS INSTITUTE (EAI)22/04/201922/04/2019
(Stabroek News, 22.Apr.2019) — Since ExxonMobil’s oil discoveries offshore Guyana, a number of global oil majors and oil support companies have established their presence here, with local offices and other...
Guyana Latin America and Caribbean

ExxonMobil Announces 13th Discovery Offshore Guyana

ENERGY ANALYTICS INSTITUTE (EAI)18/04/201919/04/2019
(ExxonMobil, 18.Apr.2019) — ExxonMobil said it made a new oil discovery offshore Guyana at the Yellowtail-1 well, marking the 13th discovery on the Stabroek Block. The discovery adds to the...
Asia Guyana Latin America and Caribbean North America USA

US Acknowledges Guyana’s Right To Renegotiate Exxon Deal If It So Chooses

ENERGY ANALYTICS INSTITUTE (EAI)10/04/201911/04/2019
(Stabroek News, 10.Apr.2019) — The United States acknowledges that it is within Guyana’s sovereign right to renegotiate the controversial Production Sharing Agreement (PSA)  between the country and ExxonMobil and its...
Colombia Latin America and Caribbean

Repsol, Exxon and Ecopetrol Enter Into Colombian Exploration Contracts

ENERGY ANALYTICS INSTITUTE (EAI)03/04/201907/04/2019
(Energy Analytics Institute, Piero Stewart, 3.Apr.2019) — Colombia’s National Hydrocarbon Agency (ANH) announced that Ecopetrol, Repsol Exploración Colombia S.A., and ExxonMobil Exploration Colombia Ltd signed two separate offshore exploration contracts...
Guyana Latin America and Caribbean

U.S. Diplomats Boost ExxonMobil In Guyana

ENERGY ANALYTICS INSTITUTE (EAI)14/03/201915/03/2019
(The Progressive, Edward Hunt, 14.Mar.2019) — Since ExxonMobil announced the 2015 discovery of large oil reserves off the coast of Guyana, the small South American country has been buzzing with...
Africa Brazil Europe Latin America and Caribbean

Portuguese Oil Firm Galp Girds For Belated Brazilian Boost

ENERGY ANALYTICS INSTITUTE (EAI)11/02/201913/02/2019
(Reuters, Andrei Khalip, 11.Feb.2019) — Portuguese oil company Galp said on Monday it expects higher crude output, refining margins and efficiency gains to deliver a steep rise in 2020 and...
Argentina Latin America and Caribbean

Argentina Can’t Afford To Pay Vaca Muerta Subsidies To Producers

ENERGY ANALYTICS INSTITUTE (EAI)08/02/201913/02/2019
(IEEFA, 8.Feb.2019) — The Argentine government’s plan to develop the massive Vaca Muerta oil and gas reserves in northern Patagonia has hit a major obstacle. The success of the plan...
Europe Guyana Latin America and Caribbean North America USA Venezuela

Exxon Quiet About Guyana Plans After Venezuela Dispute

ENERGY ANALYTICS INSTITUTE (EAI)24/12/201825/12/2018
(Reuters, 24.Dec.2018) — Exxon Mobil and a seismic research company it hired to search for oil off the coast of Guyana declined on Monday to say when they might resume...
Argentina Europe Latin America and Caribbean North America USA

Indigenous Argentine Group Sues Energy Multinationals

ENERGY ANALYTICS INSTITUTE (EAI)17/12/201818/12/2018
(AFP, 17.Dec.2018) — A major group of indigenous people living in Argentine Patagonia are taking some of the world's biggest oil and gas multinationals to court for “environmental contamination,” Greenpeace...
Latin America and Caribbean USA Venezuela

Chevron Stayed In Venezuela Long After Rivals Quit

ENERGY ANALYTICS INSTITUTE (EAI)08/11/201810/11/2018
(Wall Street Journal, Kejal Vyas and Bradley Olson, 8.Nov.2018) — For nearly a century, Chevron Corp. has weathered dictatorships, coups and nationalization drives to keep pumping oil in Venezuela. But recently,...
Guyana Latin America and Caribbean North America USA Venezuela

In Guyana, Exxon Oil Project Stirs International Tensions

ENERGY ANALYTICS INSTITUTE (EAI)02/11/201809/12/2018
(Houston Chronicle, James Osborne, 2.Nov.2018) — Almost 4,000 feet beneath the surface of the Atlantic Ocean, off the northern coastline of South America, Exxon Mobil is drilling one of the...
Africa Asia Guyana Latin America and Caribbean

Guyana May be the Next Big Beast in Global Oil

ENERGY ANALYTICS INSTITUTE (EAI)08/10/201809/12/2018
(The National, Robin Mills, 8.Oct.2018) — One of the few major new conventional oil provinces discovered this century could see the country emerge as the top per capita producer. Who...
Argentina Latin America and Caribbean

Argentina’s Conventional Oil and Gas Attract Explorers

ENERGY ANALYTICS INSTITUTE (EAI)23/09/201825/09/2018
(Ft.com, Charles Newberry, 23.Sep.2019) — Fresh discovery indicates life beyond Vaca Muerta. A few years ago, when the giant shale play of Vaca Muerta was starting to lure oil majors...
Latin America and Caribbean USA

The Weirdest Oil Lawsuit Of 2018

ENERGY ANALYTICS INSTITUTE (EAI)06/08/201808/08/2018
(OilPrice.com, Viktor Katona, 6.Aug.2018) – Rosneft has been rocking the Russian oil sector for quite some time already – first it acquired several domestic assets, in some cases bordering on...
Guyana Latin America and Caribbean

Guyana’s ‘Astonishing’ Future

ENERGY ANALYTICS INSTITUTE (EAI)31/07/201806/08/2018
(Trinidad Express, David Renwick, 31.Jul.2018) – The US’s leading oil company, ExxonMobil, continues to make discovery after discovery in its Stabroek block offshore Guyana, the latest being Longtail 1 –...
Guyana Latin America and Caribbean

Guyana’s Oil Reserves Are Larger Than Expected

ENERGY ANALYTICS INSTITUTE (EAI)23/07/201828/07/2018
(OilPrice.com, Julianne Geiger, 23.Jul.2018) – Guyana’s recoverable offshore oil reserves are larger than expected—by almost a billion barrels, Hess Corp CEO John Hess said in a Monday press release. Gross...
Guyana Latin America and Caribbean

National Oil Co for Guyana Would Be Disaster

ENERGY ANALYTICS INSTITUTE (EAI)03/07/2018
(Stabroek News, 3.Jun.2018) – The creation of a National Oil Company (NOC) will be “a disaster” for this country warns former Government Advisor on Petroleum, Dr. Jan Mangal who says...
Guyana Latin America and Caribbean Suriname Trinidad and Tobago

Trinidad, Guyana and Suriname: Challenges

ENERGY ANALYTICS INSTITUTE (EAI)27/06/201801/09/2018
(AIPN, 27.Jun.2018) – Petroleum consultants and other energy sector experts will discuss the challenges and opportunities in Trinidad & Tobago, Guyana and Suriname during a discussion in London. The select...
Guyana Latin America and Caribbean

ExxonMobil, Partners Spent $24 Mln in Guyana

ENERGY ANALYTICS INSTITUTE (EAI)22/06/201801/09/2018
(Energy Analytics Institute, Piero Stewart, 22.Jun.2018) – US-based ExxonMobil Corporation and partners continue to invest in small-to-medium sized enterprises in Guyana. Irving, Texas-based ExxonMobil and project partners spent $24 million...
Brazil Colombia Latin America and Caribbean Mexico Venezuela

Uncertainty Looms Large Over LatAm Oil

ENERGY ANALYTICS INSTITUTE (EAI)20/06/201801/09/2018
(Oilprice.com, Tsvetana Paraskova, 20.Jun.2018) – While oil industry analysts and market participants are watching Venezuela closely for clues about how low its oil production will go, several other countries in...
Guyana Latin America and Caribbean

ExxonMobil Announces 8th Find Offshore Guyana

ENERGY ANALYTICS INSTITUTE (EAI)20/06/201801/09/2018
(Energy Analytics Institute, Piero Stewart, 20.Jun.2018) – Irving, Texas-based Exxon Mobil Corporation’s good luck continues in Guyana. The oil giant announced it has made its eighth oil discovery offshore Guyana...
Brazil Guyana Latin America and Caribbean USA

ExxonMobil Reconfirms March 2020 for First Guyana Oil

ENERGY ANALYTICS INSTITUTE (EAI)12/06/201801/09/2018
(Denis Chabrol, DemeraraWaves, 12.Jun.2018) – ExxonMobil on Tuesday reconfirmed that Guyana will pump up its first barrel of oil in March 2020, even as the Guyana government continued to fend...
Guyana Latin America and Caribbean Venezuela

ExxonMobil Advances Offshore Guyana Liza Development

ENERGY ANALYTICS INSTITUTE (EAI)12/06/201801/09/2018
(ExxonMobil, 12.Jun.2018) – The Liza Phase 1 development continues to rapidly progress, with the commencement of development drilling offshore Guyana, ExxonMobil said. Development drilling began in May for the first...
Latin America and Caribbean Venezuela

The Insignificance of Venezuela’s 342-Year R/P Ratio

ENERGY ANALYTICS INSTITUTE (EAI)24/05/201801/09/2018
(Energy Analytics Institute, Pietro D. Pitts, 24.May.2018) – Venezuela’s reserves-to-production or R/P ratio was a remarkable 342 times in 2016 based on reserves of 300.9 billion barrels and production of...
Latin America and Caribbean Venezuela

Venezuela’s Oil Sector Glory Days [EAItv]

ENERGY ANALYTICS INSTITUTE (EAI)01/05/201815/06/2018
(Energy Analytics Institute, Piero Stewart, 1.May.2018) – A brief look at Venezuela’s oil sector glory days. Will they return? https://youtu.be/22pUoLvYcko
Guyana Latin America and Caribbean

Exxon Defends Guyana Deal Amid Criticism, Seeks Quick Production

ENERGY ANALYTICS INSTITUTE (EAI)01/05/201816/06/2018
(Seeking Alpha, Carl Surran, 1.May.2018) – Exxon Mobil defends its oil production contract with Guyana after the International Monetary Fund recommended the country rewrite its tax laws to increase its...
Guyana Latin America and Caribbean

Exxon Mobil: Second Well has no Commercial Quantities of Oil

ENERGY ANALYTICS INSTITUTE (EAI)28/04/201816/06/2018
(Asianet-Pakistan, 28.Apr.2018) – 'Unfortunately, the well did not encounter commercial quantities of hydrocarbons. Exploration wells come with a certain amount of risk and this is particularly true in frontier areas...
Dominican Republic / Haiti Latin America and Caribbean

Dominican Republic to Join Caribbean Energy Rush

ENERGY ANALYTICS INSTITUTE (EAI)05/03/201826/07/2018
(Bloomberg, Ezra Fieser, 5.Mar.2018) – The Dominican Republic expects to draw interest from energy titans BP Plc and Exxon Mobil Corp. when it opens the country to natural gas and...
Guyana Latin America and Caribbean USA

ExxonMobil Announces Seventh Oil Discovery Offshore Guyana

ENERGY ANALYTICS INSTITUTE (EAI)28/02/201815/06/2018
(Exxon Mobil, 28.Feb.2018) – Exxon Mobil Corporation announced its seventh oil discovery offshore Guyana, following drilling at the Pacora-1 exploration well. ExxonMobil encountered approximately 65 feet (20 meters) of high-quality,...
Guyana Latin America and Caribbean

Shell Made Mistake Pulling Out of Guyana basin

ENERGY ANALYTICS INSTITUTE (EAI)31/01/201823/08/2018
(CaribbeanLife, Bert Wilkinson, 31.Jan.2018) — Now that Guyana’s oil and gas basin has been deemed as one of the hottest and most exciting prospects in the world, Shell Oil has...
Guyana Latin America and Caribbean USA

ExxonMobil Announces Sixth Oil Discovery Offshore Guyana

ENERGY ANALYTICS INSTITUTE (EAI)05/01/201801/09/2018
(Exxon Mobil, 5.Jan.2018) – Exxon Mobil Corporation announced positive results from its Ranger-1 exploration well, marking ExxonMobil’s sixth oil discovery offshore Guyana since 2015. The Ranger-1 well discovery adds to...
Guyana Latin America and Caribbean USA

ExxonMobil Announces Fifth Discovery Offshore Guyana

ENERGY ANALYTICS INSTITUTE (EAI)05/10/201701/09/2018
(Exxon Mobil, 5.Oct.2017) – Exxon Mobil Corporation announced it made a fifth new oil discovery after drilling the Turbot-1 well offshore Guyana. Turbot is ExxonMobil’s latest discovery to date in...
Guyana Latin America and Caribbean USA

ExxonMobil Announces Successful Payara-2 Well Offshore Guyana

ENERGY ANALYTICS INSTITUTE (EAI)25/07/201701/09/2018
(Exxon Mobil, 25.Jul.2017) – Exxon Mobil Corporation announced it has discovered additional oil in the Payara reservoir offshore Guyana, increasing the total Payara discovery to approximately 500 million oil-equivalent barrels....
Guyana Latin America and Caribbean Suriname USA

ExxonMobil Acquires Interest in Acreage Offshore Suriname

ENERGY ANALYTICS INSTITUTE (EAI)13/07/201701/09/2018
(Exxon Mobil, 13.Jul.2017) – Exxon Mobil Corporation announced that its subsidiary ExxonMobil Exploration and Production Suriname B.V., along with co-venturers Hess and Statoil, signed a production sharing contract for Block...
Guyana Latin America and Caribbean USA

ExxonMobil Makes Final Decision Regarding Liza Development

ENERGY ANALYTICS INSTITUTE (EAI)16/06/201701/09/2018
(Exxon Mobil, 16.Jun.2017) – Exxon Mobil Corporation said it has made a final investment decision to proceed with the first phase of development for the Liza field, one of the...
Guyana Latin America and Caribbean

ExxonMobil Announces New Oil Discovery Offshore Guyana

ENERGY ANALYTICS INSTITUTE (EAI)30/03/201701/09/2018
(Exxon Mobil, 30.Mar.2017) – Exxon Mobil Corporation announced positive results on the Snoek well offshore Guyana, confirming a new discovery on the Stabroek Block. Drilling targeted similar aged reservoirs as...
Guyana Latin America and Caribbean

Guyana’s Initial Oil Output to Surpass Trinidad

ENERGY ANALYTICS INSTITUTE (EAI)02/03/201703/07/2018
(Energy Analytics Institute, Pietro D. Pitts, 2.Mar.2017) – Sleepy Guyana is gearing up to surpass twin-island nation Trinidad and Tobago in terms of oil production. Production plans by Irving, Texas-based...
Guyana Latin America and Caribbean

Guyana Ministry Clarifies Huffington Article

ENERGY ANALYTICS INSTITUTE (EAI)19/01/201703/07/2018
(Guyana Ministry of Natural Resources, 19.Jan.2017) – The Ministry of Natural Resources would like to clarify for the benefit of the public an article by online media outlet The Huffington...
Guyana Latin America and Caribbean

ExxonMobil Success in Guyana Continues

ENERGY ANALYTICS INSTITUTE (EAI)16/01/201702/07/2018
(Energy Analytics Institute, Piero Stewart, 16.Jan.2017) – ExxonMobil’s successful drilling streak continues in Guyana as the Irving, Texas-based company announced positive results from its second offshore well Payara-1, also located...
Guyana Latin America and Caribbean

ExxonMobil Announces New Oil Discoveries Offshore Guyana

ENERGY ANALYTICS INSTITUTE (EAI)12/01/201701/09/2018
(Exxon Mobil, 12.Jan.2017) – Exxon Mobil Corporation announced positive results from its Payara-1 well offshore Guyana. Payara is ExxonMobil’s second oil discovery on the Stabroek Block and was drilled in...
Guyana Latin America and Caribbean

ExxonMobil Awards Key Contracts for Liza in Guyana

ENERGY ANALYTICS INSTITUTE (EAI)20/12/201601/09/2018
(Exxon Mobil, 20.Dec.2016) – Exxon Mobil Corporation subsidiary, Esso Exploration and Production Guyana Limited (EEPGL), announced that it has awarded contracts to SBM Offshore for a floating production, storage and...
Argentina Latin America and Caribbean

Big Oil Flocks To Argentina As Permian Land Prices Skyrocket

ENERGY ANALYTICS INSTITUTE (EAI)15/09/201614/10/2018
(Oilprice.com, Charles Kennedy, 15.Sep.2016) — The Permian Basin has become so hot that some oil companies are starting to stay away, instead looking at frontiers that are less picked over....
Argentina Latin America and Caribbean

Next Hot Spot for Shale Drilling? Argentina

ENERGY ANALYTICS INSTITUTE (EAI)28/07/201618/07/2018
(CNN Money, 28.Jul.2016) – Argentina has exceptional hydrocarbon reserves, but politics has greatly affected its development. The economy in Argentina is best described as a "pendulum", going from loose economic...
Guyana Latin America and Caribbean

ExxonMobil’s 2nd Well Offshore Guyana Confirms Oil

ENERGY ANALYTICS INSTITUTE (EAI)30/06/201623/06/2018
(Exxon Mobil, 30.Jun.2016) – Exxon Mobil Corporation said that drilling results from the Liza-2 well, the second exploration well in the Stabroek block offshore Guyana, confirm a world-class discovery with...
Latin America and Caribbean USA Venezuela

ExxonMobil Sells Share of Chalmette Refining, LLC in Louisiana

ENERGY ANALYTICS INSTITUTE (EAI)16/06/201615/06/2018
(Exxon Mobil, 18.Jun.2016) – Exxon Mobil Corporation has reached an agreement with PBF Energy Inc. for the sale and purchase of its 50 percent interest in Chalmette Refining, LLC in...
Guyana Latin America and Caribbean

ExxonMobil Reports Significant Oil Discovery Offshore Guyana

ENERGY ANALYTICS INSTITUTE (EAI)20/05/201623/06/2018
(Exxon Mobil, 20.May.2016) – Exxon Mobil Corporation announced a significant oil discovery on the Stabroek Block, located approximately 120 miles offshore Guyana. The well was drilled by ExxonMobil affiliate, Esso...

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Total Announces Fourth Find In Suriname’s Block 58

Keskesi East-1 Finds Oil In Block 58 Offshore Suriname

Cheinere Marks Arrival Of First Cargo With CPC Taiwan

Nigeria Solar Firm Gets $38mn To Expand

Guyana And US Ink Agreement In Georgetown

Reganosa To Operate LNG Terminal In Ghana

Maduro Says Venezuela Eyes Output Of 1.5 MMB/D

France’s Total Acquires Fonroche Biogaz

Trinidad And Tobago Energy Event And Trade Show 2021

Trinidad: Energy Efficiency And Renewables Event 2021

Global Witness Withdraws Guyana Report

OPEC Voluntary Production Levels (PDF DOWNLOAD)

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