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Exxon slashes 2020 CAPEX by 30% – says Guyana oil production...

ExxonMobil said today it is reducing its 2020 capital spending by 30 percent and lowering cash operating expenses by 15 percent in response to...

“We do not see Exxon turning off the taps in Guyana”...

The fall in oil prices triggered by the Saudi Arabia-Russia price war and the COVID-19 global pandemic has resulted in a number of oil...

Political turmoil, price uncertainty will delay FIDs in Guyana for months...

Political turmoil in South America’s newest oil producing nation Guyana, coupled with falling oil prices and the COVID-19 pandemic will delay Final Investment Decisions...

Lankhorst bags mooring lines contract for 2nd Guyana FPSO

Leading deepwater mooring rope manufacturer, Lankhorst Offshore, said it has been awarded a contract by SBM Offshore to supply the mooring lines for the...

Stabroek Block operations could be affected due to COVID-19 disruptions –...

The impact of the coronavirus (COVID-19) outbreak globally continues to impact the oil and gas industry and could see operations at Guyana’s Stabroek Block...

Exxon, contractors step up measures in Guyana to confront COVID-19 threat

As the spread of the coronavirus (COVID-19) continues globally, measures are being put in place in Guyana to ensure the safety and health of...

Exxon set to slash spending as market conditions worsen over COVID-19...

US oil major ExxonMobil is looking to significantly reduce spending as a result of market conditions caused by the COVID-19 pandemic and commodity price decreases,...

ExxonMobil lowers 2020 production target, slows Permian growth

(S&P Global) ExxonMobil on Thursday lowered its 2020 total oil and gas production estimate about 7% to 3.9 million boe/d, which includes slowing operations...

Exxon’s giant Hammerhead project will push Guyana production to three-quarter million...

ExxonMobil’s 4th proposed development project offshore the South American country of Guyana will produce approximately 150,000 - 190,000 barrels of oil per day (bpd),...

Exxon will spend up to US$35B annually through 2025 as Guyana...

US oil major ExxonMobil said Thursday it continues to make progress on its long-term growth plans by investing through the commodity price cycle to capture...