(ExxonMobil, 26.Aug.2024) â In 2050, the world will be differentâvastly different. To meet critical needs, the world will need to increase access to reliable, affordable […]
Tag: Exxon
Exxon Sees 2050 Oil Use at Current Level, Despite Net Zero Goal
(Bloomberg, 26.Aug.2024) â Exxon Mobil Corp. forecasts global oil demand in 2050 will be the same â or even slightly higher â than current levels, […]
Exxon Reports 2Q:24 Results
(Exxon, 2.Aug.2024) â Exxon Mobil Corporation announced second-quarter 2024 earnings of $9.2bn, or $2.14 per share assuming dilution. Cash flow from operating activities was $10.6bn and […]
Exxon plans new Guyana oil project to lift output into 2030s
(Bloomberg, 18.Jul.2024) â Exxon Mobil Corp. took the first step toward its seventh oil project in Guyana, a clear signal the supermajor intends to expand crude […]
ExxonMobilâs 7th project could push Guyana’s output beyond 1.5 MMb/d by 2029
GEORGETOWN, GUYANA (DPI, 16.Jul.2024) â The Environmental Protection Agency (EPA) has commenced the review of an application from ExxonMobil Guyana to develop a seventh oil project […]
Guyana not against Exxon acquiring Hess, VP Jagdeo says
GEORGETOWN, GUYANA (Reuters, 28.Feb.2024, Words: 95)Â â Guyana’s vice president Bharrat Jagdeo on Wednesday said the country will accept whatever is the result from discussions between […]
Head of Exxon’s Shale Business Faces Sexual Assault Charge in Texas
(Reuters, 8.Oct.2023) â The head of Exxon Mobil‘s shale oil and gas business, a unit involved in merger talks with rival Pioneer Natural Resources, was arrested at […]
Guyanese Voice Fears Over True Cost of Exxonâs Oil Bonanza
(The Guardian, 12.May.2022) â Annette Arjoon is not anti-oil. The marine conservationist calls the vast new oilfields off Guyanaâs coast a âblessingâ that will earn […]
Guyana Aims to Avoid Oil Curse by Spending on Health and Education
(FT.com, 2.May.2022) âThe president of Guyana, the worldâs fastest-growing economy, is inviting investors to back his ambitious vision to transform the small South American country […]
Guyana is Far from its Dream of Becoming a Rich Economy
(Energy Analytics Institute, Special Contributor Millan Arcia Einstein, 11.Apr.2022) â Exxon and the Guyana government claim total hydrocarbon âresources of around 10,000 million barrels of […]
Exxon Backs The Global Methane Pledge
(Exxon, 26.Oct.2021) â In September, the U.S. and European Union announced a Global Methane Pledge to reduce methane emissions by 30% below 2020 levels by […]
ExxonMobil Reports 4Q:20 Results, Talks Forward Plans
(Exxon, 2.Feb.2021) â Exxon Mobil Corporation today announced an estimated fourth quarter 2020 loss of $20.1bn, or $4.70 per share assuming dilution. Fourth quarter capital […]
Exxon’s Hassa-1 Doesnât Finds Hydrocarbons
(Energy Analytics Institute, 15.Jan.2021) â Texas-based ExxonMobil announced results of the Hassa-1 exploration well offshore Guyana in the Stabroek Block didnât find hydrocarbons in the […]
Hess Sanctions Payara Development
(Hess, 30.Sep.2020) â Hess made a final investment decision to proceed with development of the Payara Field offshore Guyana after the development plan received approval […]
Exxon Oil Output Falls On Gas Compressor Problem
(Stabroek News, 7.Jun.2020) â Production at Exxon-Mobilâs Liza-1 project in the Stabroek Block, offshore Guyana, has plummeted from 80,000 barrels per day (bpd) to now […]
Environment Group Calls On Exxon To Cease Gas Flaring
(Stabroek News, 28.May.2020) â As ExxonMobil yesterday continued to play up its Guyana investments at its virtual Annual Meeting of shareholders, global environmental and human […]
JPMorgan Chase Climate Action Is Vastly Insufficient
(Amazon Watch, 18.May.2020) â Today, JPMorgan Chase â the largest bank in the United States and the largest banker of fossil fuels worldwide â will […]
ExxonMobil Tallies 16th Find Offshore Guyana
(NGI, 28.Jan.2020) â ExxonMobil, which rode the wave for worldwide exploration last year in part because of the prolific Guyana portfolio, announced another discovery offshore […]
Exxon, Chevron See U.S. Shale Field Consolidation
(Reuters, 4.Sep.2019) â The two largest U.S. oil and gas companies on Tuesday left the door open for more acquisitions in the country’s top shale […]
Guyana To Boost Royalties On Future Oil Licenses
(Reuters, 3.Jul.2019) â Guyana is preparing to raise the take of the government in future oil licences, the director of the South American countryâs Department […]
ExxonMobil Moving Forward With Vaca Muerta Expansion
(Exxon, 13.Jun.2019) â ExxonMobil is proceeding with a long-term oil development in Argentinaâs Bajo del Choique-La Invernada block. The project is expected to produce up […]
Argentina Awards 18 Exploration Areas Offshore For $724 Million
(Energy Analytics Institute, Aaron Simonsky, 17.May.2019) â Argentinaâs Energy Secretariat awarded 18 areas corresponding to the first International Offshore Public Competition, the countryâs Finance Ministry […]
Could Emerging Oil State Guyana Become The Richest Nation In The World?
(Oilprice.com, Irina Slav, 12.May.2019) â A tiny South American country until recently known mostly as the location of one of the worst mass suicides in […]
SBM Offshore Awarded Contracts For ExxonMobil FPSO Liza Unity
(SBM, 10.May.2019) â SBM Offshore announced that Esso Exploration and Production Guyana Limited (EEPGL), an affiliate of Exxon Mobil Corporation, has confirmed the award of […]
Guyana Oil Find Spurs Exploration Campaigns Among Neighbors
(Amsterdam News, Bert Wilkinson, 25.Apr.2019) â As Guyana, the Caribbean Communityâs largest and most resource-rich nation, prepares to become an oil producer by the end […]
Oil Cos, Service Providers Establish Footholds In Guyana
(Stabroek News, 22.Apr.2019) â Since ExxonMobilâs oil discoveries offshore Guyana, a number of global oil majors and oil support companies have established their presence here, […]
ExxonMobil Announces 13th Discovery Offshore Guyana
(ExxonMobil, 18.Apr.2019) â ExxonMobil said it made a new oil discovery offshore Guyana at the Yellowtail-1 well, marking the 13th discovery on the Stabroek Block. […]
US Acknowledges Guyanaâs Right To Renegotiate Exxon Deal If It So Chooses
(Stabroek News, 10.Apr.2019) â The United States acknowledges that it is within Guyanaâs sovereign right to renegotiate the controversial Production Sharing Agreement (PSA)Â between the […]
Repsol, Exxon and Ecopetrol Enter Into Colombian Exploration Contracts
(Energy Analytics Institute, Piero Stewart, 3.Apr.2019) â Colombiaâs National Hydrocarbon Agency (ANH) announced that Ecopetrol, Repsol ExploraciĂłn Colombia S.A., and ExxonMobil Exploration Colombia Ltd signed […]
Chevron Stayed In Venezuela Long After Rivals Quit
(Wall Street Journal, Kejal Vyas and Bradley Olson, 8.Nov.2018) â For nearly a century, Chevron Corp. has weathered dictatorships, coups and nationalization drives to keep pumping […]
In Guyana, Exxon Oil Project Stirs International Tensions
(Houston Chronicle, James Osborne, 2.Nov.2018) â Almost 4,000 feet beneath the surface of the Atlantic Ocean, off the northern coastline of South America, Exxon Mobil […]
Guyana May be the Next Big Beast in Global Oil
(The National, Robin Mills, 8.Oct.2018) â One of the few major new conventional oil provinces discovered this century could see the country emerge as the […]
Argentinaâs Conventional Oil and Gas Attract Explorers
(Ft.com, Charles Newberry, 23.Sep.2019) â Fresh discovery indicates life beyond Vaca Muerta. A few years ago, when the giant shale play of Vaca Muerta was […]
The Weirdest Oil Lawsuit Of 2018
(OilPrice.com, Viktor Katona, 6.Aug.2018) â Rosneft has been rocking the Russian oil sector for quite some time already â first it acquired several domestic assets, […]
Guyanaâs âAstonishingâ Future
(Trinidad Express, David Renwick, 31.Jul.2018) â The USâs leading oil company, ExxonMobil, continues to make discovery after discovery in its Stabroek block offshore Guyana, the […]
Guyanaâs Oil Reserves Are Larger Than Expected
(OilPrice.com, Julianne Geiger, 23.Jul.2018) â Guyanaâs recoverable offshore oil reserves are larger than expectedâby almost a billion barrels, Hess Corp CEO John Hess said in […]
National Oil Co for Guyana Would Be Disaster
(Stabroek News, 3.Jun.2018) â The creation of a National Oil Company (NOC) will be âa disasterâ for this country warns former Government Advisor on Petroleum, […]
Trinidad, Guyana and Suriname: Challenges
(AIPN, 27.Jun.2018) â Petroleum consultants and other energy sector experts will discuss the challenges and opportunities in Trinidad & Tobago, Guyana and Suriname during a […]
ExxonMobil, Partners Spent $24 Mln in Guyana
(Energy Analytics Institute, Piero Stewart, 22.Jun.2018) â US-based ExxonMobil Corporation and partners continue to invest in small-to-medium sized enterprises in Guyana. Irving, Texas-based ExxonMobil and […]
Uncertainty Looms Large Over LatAm Oil
(Oilprice.com, Tsvetana Paraskova, 20.Jun.2018) â While oil industry analysts and market participants are watching Venezuela closely for clues about how low its oil production will […]
ExxonMobil Announces 8th Find Offshore Guyana
(Energy Analytics Institute, Piero Stewart, 20.Jun.2018) â Irving, Texas-based Exxon Mobil Corporationâs good luck continues in Guyana. The oil giant announced it has made its […]
ExxonMobil Reconfirms March 2020 for First Guyana Oil
(Denis Chabrol, DemeraraWaves, 12.Jun.2018) â ExxonMobil on Tuesday reconfirmed that Guyana will pump up its first barrel of oil in March 2020, even as the […]
ExxonMobil Advances Offshore Guyana Liza Development
(ExxonMobil, 12.Jun.2018) â The Liza Phase 1 development continues to rapidly progress, with the commencement of development drilling offshore Guyana, ExxonMobil said. Development drilling began […]
The insignificance of Venezuelaâs 342-year R/P ratio
(Energy Analytics Institute, Pietro D. Pitts, 24.May.2018) â Venezuelaâs reserves-to-production or R/P ratio was a remarkable 342 times in 2016 based on reserves of 300.9 […]
Venezuelaâs Oil Sector Glory Days [EAItv]
(Energy Analytics Institute, Piero Stewart, 1.May.2018) â A brief look at Venezuelaâs oil sector glory days. Will they return?