Guyana
E&P Highlights: April 29, 2024
Here’s a roundup of the latest E&P headlines, including a new contract award and drilling technology.
Exxon’s Guyana Gas Project a “Win-Win,” Set for Hook-up by Year-end ‘24
Exxon Mobil Corp. CEO Darren Woods said the company’s gas-to-power project in Guyana is a “win-win proposition particularly for the people of Guyana” when completed and hooked-up by year-end 2024.
Exxon Mobil, Chevron See Profits Fall in 1Q Earnings
Chevron and Exxon Mobil are feeling the pinch of weak energy prices, particularly natural gas, and fuels margins that have cooled in the last year.
Guyana’s Stabroek Boosts Production as Chevron Watches, Waits
Chevron Corp.’s planned $53 billion acquisition of Hess Corp. could potentially close in 2025, but in the meantime, the California-based energy giant is in a “read only” mode as an Exxon Mobil-led consortium boosts Guyana production.
Deepwater Roundup 2024: Americas
The final part of Hart Energy E&P’s Deepwater Roundup focuses on projects coming online in the Americas from 2023 until the end of the decade.
EIA: Permian, Bakken Associated Gas Growth Pressures NatGas Producers
Near-record associated gas volumes from U.S. oil basins continue to put pressure on dry gas producers, which are curtailing output and cutting rigs.
Exxon Mobil Guyana Awards Two Contracts for its Whiptail Project
Exxon Mobil Guyana awarded Strohm and TechnipFMC with contracts for its Whiptail Project located offshore in Guyana’s Stabroek Block.
Exxon Ups Mammoth Offshore Guyana Production by Another 100,000 bbl/d
Exxon Mobil, which took a final investment decision on its Whiptail development on April 12, now estimates its six offshore Guyana projects will average gross production of 1.3 MMbbl/d by 2027.
Exxon Mobil Green-lights $12.7B Whiptail Project Offshore Guyana
Exxon Mobil’s sixth development in the Stabroek Block will add 250,000 bbl/d capacity when it starts production in 2027.
Pitts: Heavyweight Battle Brewing Between US Supermajors in South America
Exxon Mobil took the first swing in defense of its right of first refusal for Hess' interest in Guyana's Stabroek Block, but Chevron isn't backing down.