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Between reliable energy and reduced emissions, Exxon working to deliver best of both worlds

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Given its well-advantaged assets in Guyana and the United States along with its work in Carbon Capture and Storage (CCS), ExxonMobil Corporation believes society should not have to choose between reliable, affordable energy and reduced greenhouse gas emissions. According to...
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Guyana is a “phenomenal province” with “excellent returns” – Hess

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With the world facing a confluence of economic pressures stemming from the war between Russia and Ukraine, Hess Corporation has assured that resulting inflation is being monitored carefully. During its Q2 earnings call on Wednesday, Chief Financial Officer (CFO)...
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Exxon on track to execute US$30B share repurchase programme through 2023

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In light of skyrocketing profits made in the first half of the year, and positive growth projections, ExxonMobil Corporation said it remains on track to repurchase up to US$30 billion of shares through 2023. Already, the company said its...
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Gas will cut Guyana’s emissions by more than half as demand for power set to triple – Hess

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Hess Vice President for Guyana and Suriname, Timothy Chisholm, said the Gas-to-Energy project would not only power industry and economic growth in Guyana but would help provide a reliable and cleaner source of energy to help meet rapidly growing...
Exploration

Eco says Canje Block remains “highly prospective” ahead of 12-well campaign

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Eco-Atlantic has set its sights on raking in big wins from Guyana’s offshore Canje Block, as the operator ExxonMobil gears up for a 12-well exploration campaign. The company has no direct stake in the Canje Block but holds 7.3% of...
Exploration

Exxon to spend more than US$100 billion through 2027 to meet world’s energy needs

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ExxonMobil expects to invest over US$20 billion annually to help meet the world’s growing energy needs through 2027. That's more than US$100 billion in the next five years. This will amount somewhere between US$21 billion and US$24 billion this...
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Eni, bp form new Angola-focused JV company, Azule Energy

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An equally split deal between bp and Eni has led to the creation of Azule Energy – now coined the largest independent equity producer of oil and gas in Angola. Azule Energy has been in the pipeline for months; bp...
Exploration

100M-barrel Jethro well could be Guyana’s first oil production project outside Stabroek Block

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The fallout from Russia's invasion of Ukraine has resulted in a spike in oil prices. Now, the Orinduik Block partners - Eco Atlantic, Tullow Oil, TotalEnergies and Qatar Energy - plan to revisit the commercialisation potential of the Jethro...
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Stabroek Block agreement equitable for both government, investors – Exxon

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President of ExxonMobil Guyana, Alistair Routledge, says that the Stabroek Block Production Sharing Agreement (PSA) is one that is equitable to both Guyana and the consortium of investors. Routledge pointed this out in a recently published article by a...
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Gas-to-Energy: Exxon hires TechnipFMC to install risers, pipelines

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TechnipFMC said Monday it was awarded a significant contract by ExxonMobil affiliate, Esso Exploration and Production Guyana Limited, for the Gas-to-Energy Project in Guyana. The company said ‘significant’ refers to agreements valued between US$75 million and US$200 million. The funds...
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Moonilal appoints new boards for Trinidad’s state energy companies

Trinidad and Tobago's Energy Minister Roodal Moonilal on Monday issued letters of appointment to the new boards of directors...

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