Marco Rubio, United States Secretary of State, has taken an assertive stance against Venezuelan President Nicolás Maduro's attempted bullyism of the South American nation. He said a conflict with Guyana or an attack on Exxon’s Stabroek Block would lead...
ExxonMobil said it has identified more associated gas resources in Guyana’s Stabroek Block to more than double its intended supply for the Gas-to-Energy project.
J Hunter Farris, Exxon’s Senior Vice President, Deep Water made the announcement during a presentation at...
ExxonMobil is set to drill the Hamlet-1 exploration well this year as it pushes deeper into the southeastern part of the prolific Stabroek Block in search of a new oil play.
That portion - near the Suriname border - has...
With US$17.6 billion in crude exports projected for 2025, the Stabroek Block group could recover up to US$13.2 billion in expenses in 2025.
The group—ExxonMobil, Hess, and CNOOC—has committed more than US$54 billion to explore and develop the Stabroek Block...
According to Westwood's Global Subsea Tree Tracker, the global subsea tree market closed 2024 with 255 units awarded, an 11% drop quarter-on-quarter and a 12% year-on-year decline.
In 2025, global demand is forecast to...
Beyond 2025, Guyana's Stabroek Block, operated by ExxonMobil, is set to remain a focal point for energy investments, according to a new report by Westwood Global Energy Insights.
Guyana joins other major opportunities, including Brazil’s pre-salt basin, deepwater Namibia, and...
Guyana has recorded 52 oil discoveries across its offshore blocks, with ExxonMobil leading the charge in the Stabroek Block, where 46 discoveries have been made.
This was revealed by Guyana’s Finance Minister, Dr. Ashni Singh, during his 2025 budget...
Minister of Natural Resources Vickram Bharrat announced that the process for ExxonMobil Guyana to relinquish 20% of the Stabroek Block is in its final stages.
The Petroleum Sharing Agreement (PSA) governing the Stabroek Block requires Exxon to relinquish 20% of...
Hess Corporation has revealed that nearly half of the Stabroek Block’s massive 11.6-billion-barrel reserve will be tapped with six production vessels.
“With the six ships that we have already sanctioned, we're going to be developing over five billion barrels of...
ExxonMobil Guyana sustained stable production at its Stabroek Block projects in November 2024, accumulating 205 million barrels since the year began, at an average rate of 612,000 barrels per day (b/d). The barrels are shared between Exxon, Hess, CNOOC...