Deepwater , Field Development

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.

April 23, 2024

Shale Plays , Natural Gas , Crude Oil

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.

April 17, 2024

Field Development , Subsea

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.

April 16, 2024

Field Development , Investment , Acquisitions & Divestitures , Exploration & Production

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.

April 14, 2024

Highlights , Field Development , Deepwater

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.

April 12, 2024

Field Development , International , Legislation

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.

April 9, 2024

Acquisitions & Divestitures , Policy & Regulations

Hess Pushes Shareholders to Vote in Favor of $53B Chevron Merger

Hess Corp.’s  board is unanimously recommending its shareholders vote in favor of the proposed $53 billion all-stock merger with Chevron Corp., according to Chevron’s March 28 Securities and Exchange Commission filing.

April 1, 2024

Acquisitions & Divestitures

Chevron CEO Talks Guyana M&A, Exxon Dispute

Chevron Corp. CEO Mike Wirth said during CERAWeek by S&P Global that California’s company’s plan to acquire Hess Corporation, and specifically its 30% interest in the Guyana offshore Stabroek Block, was an important deal as well as good one.

March 19, 2024

Transactions , Shale Plays , CERAWeek

CERAWeek: Exxon Mobil CEO Says Not Trying to Acquire Hess

CEO Darren Woods said Exxon Mobil is trying to secure preemption rights over Hess Corp.'s Guyana assets in its dispute with Chevron, not buy the company itself.

March 18, 2024

Acquisitions & Divestitures , Mergers , International

Exxon Signals Potential Counter Offer for Hess’ Guyana Assets

Exxon Mobil has filed a contract arbitration claim related to Chevron’s proposed purchase of Hess Corp.’s interests in the Stabroek Block offshore Guyana.

March 7, 2024