Sources say that arbitrators have made a decision in the Exxon-Hess dispute regarding Chevron's deal.
According to two sources with knowledge of the dispute, arbitrators have made a decision regarding a major oilfield in Guyana. Chevron's acquisition of Hess for $53…
Exxon returns Stabroek land to Guyana: Government
The Ministry of Natural Resources announced on Wednesday that an Exxon Mobil led oil consortium had returned 2,534 sq km of the Stabroek Block to the Guyana government.
Guyana Searches For Company to Build NGL Facility
Guyana is looking for a company willing to build a natural gas liquids (NGL) facility as part of efforts to monetize its offshore gas reserves, according to a notice…
Guyana invites companies to apply for NGL facilities
According to an announcement published on Sunday by the South American Government, Guyana is seeking a company that will build a facility to produce natural gas liquids…
As Wars Rage, Middle East's Waning Influence on World Oil Prices Exposed
The contained move in oil prices during the Israel-Iran war highlights the increasing efficiency of energy markets and fundamental changes to global crude supply, suggesting…
Sierra Leone is West Africa's new oil and gas frontier
A senior government official announced on Thursday that Sierra Leone would wait to see the results of its recently launched offshore 3D seismic study, its first for over a decade.
The government reports that Guyana's oil production rose to 667, 000 bpd during May.
In a government bulletin, published on Tuesday, Guyana's oil production rose from 611,000 barrels per day to 667,000 bpd by May, thanks to increases at Exxon Mobil's two facilities. Exxon, U.S.
Staatsolie, Petronas sign production-sharing contract for deepwater block in Suriname
Staatsolie, the state energy company of Suriname, and an affiliate from Malaysia's Petronas signed a contract on Tuesday for a production sharing agreement to explore…
Exxon, Chevron acquires blocks in Brazil's environmentally-sensitive Foz do Amazonas basin
Exxon Mobil and Chevron on Tuesday took their first steps toward eventually exploring oil in Brazil's Foz do Amazonas basin, scooping up offshore blocks auctioned by…
The 2024 profit of Exxon-led Consortium in Guyana increased 64% to $10.4 Billion
Exxon Mobil, Hess, and CNOOC, a trio of oil producers in Guyana, posted a 64% increase in profit in 2024 to $10.4 billion. This was due to the fact that facility upgrades…
Exxon is confident that it will prevail in the dispute over Chevron Hess deal
Exxon Mobil senior vice president Neil Chapman announced on Thursday that the arbitration proceedings for Exxon Mobil’s contract dispute with Chevron over its planned acquisition of Hess ended this week.
PREVIEW: Exxon and Hess will face off over Chevron's oilfield deal
Exxon Mobil, the top U.S. oil company, and Hess are scheduled to meet in court on Monday to decide whether Chevron will be able to complete its $53 billion purchase of Hess.
Exxon and Hess will face off over Chevron's oilfield deal
Exxon Mobil, the top U.S. oil company, and Hess are scheduled to meet in court on Monday to decide whether Chevron will be able to complete its $53 billion purchase of Hess.
The government claims that oil production in Guyana dropped to 611,000 barrels per day in April.
According to a government bulletin published on Friday, oil production in Guyana decreased to 611,000 barrels of oil per day (bpd) in April. This is down from 627,000 in the previous month.
Petrobras wins in Amazon drilling but licensing is in doubt
The Brazilian environmental agency Ibama announced a decision on Monday that will allow state-run Petrobras to move closer to drilling oil in a highly sought after offshore region.
Brazil's Petrobras to simulate emergency plan for Foz do Amazonas basin
The Brazilian Environmental Agency Ibama approved on Monday the state-run Petrobras concept for an emergency plan that would assist local fauna if there was an oil spillage in the Foz do Amazonas Basin.
Exxon's Guyana oil production rose to 668,000 barrels per day last week
Alistair Routledge of the U.S. After receiving the floating production facility in Guyana waters in February, the group is now working on installing it. The companies produced 627, 000 bpd in March.
Exxon exceeds Wall Street profit estimates, thanks to Guyana and Permian oil production
Exxon Mobil beat Wall Street's first-quarter profit estimate on Friday as higher oil and natural gas production in Guyana and Permian Basin helped boost earnings. According…
Exxon exceeds Wall Street profit estimates, thanks to Guyana and Permian oil production
Exxon Mobil beat Wall Street's first-quarter profit estimate on Friday as higher oil and natural gas production in Guyana and Permian Basin helped boost earnings. According…
Raoni, the indigenous leader of Brazil, says he opposes drilling for oil in Amazonia
Raoni Metuktire of the Kayapo tribe, an indigenous leader, said that Brazil should not explore for oil reserves in the Amazon because it could have a dangerous impact on the local communities.
