Exxon Mobil on Friday beat Wall Street's estimate for first-quarter profit as higher oil and gas production from Guyana and the Permian basin helped boost earnings.Profit during the January-March quarter was $7.71 billion or $1.76 per share…
Guyana's government has submitted an oil pollution bill to the Parliament proposing to make responsible parties liable for damages caused by oil spills, including from vessels, according to a copy of the act published in the Official Gazette…
Chinese offshore oil and gas major CNOOC first-quarter net profit fell 7.9%, weighed down by weaker oil prices, though higher output helped stem the decline.Net income for January-March was 36.56 billion yuan ($5.03 billion), versus 39.7 billion yuan in the same period last year…
U.S. Secretary of State warned Venezuela on Thursday that it would be 'a very bad day' for the South American country if it were to attack its neighbor Guyana or U.S.-based energy giant ExxonMobil, in comments that threatened unspecified action in such a case…
Chevron said on Monday it would reorganize some of its business structures and reshuffle the leadership team, the latest move by the U.S. energy major to simplify its operations.The company has said it would lay off up to 20% of its global workforce by the end of 2026…
U.S. oil major Exxon Mobil plans to boost natural gas output and supply in Guyana through a large-scale project announced on Wednesday, following the government's call for more gas to fuel onshore power and petrochemical projects.The 'Wales Gas Vision'…
A consortium led by U.S. major Exxon Mobil plans to produce up to 180,000 barrels per day (bpd) of oil and 95 million cubic feet per day (mmcfd) of gas at its seventh project in Guyana, Hammerhead, according to a document published by the country's environmental agency on Monday…
ExxonMobil on Friday beat Wall Street's estimate for fourth-quarter profit as higher oil and gas production offset lower oil prices and weaker refining margins.Its adjusted profit was $7.39 billion or $1.67 per share, beating analyst estimates of $1…
Wall Street expects U.S. oil and gas companies to keep a lid on spending in 2025 and keep their focus on generating shareholder returns, despite calls by President Donald Trump to 'drill, baby, drill.'Big Oil begins reporting fourth-quarter results this week…
Exxon Mobil wants to preserve its right of first refusal in Hess Corp's sale of its Guyana oil production assets because of the work it has put into developing the country's offshore fields, two of its top executives said on Wednesday.A three…
U.S. oil major ExxonMobil and partners have pulled out of negotiations with Guyana's government on terms for exploring and developing a shallow-water oil block, the South American country's vice president said on Thursday.Exxon, U.S.-based Hess…
SBM Offshore has completed the $1.5 billion project financing of the Jaguar floating production, storage, and offloading (FPSO) unit, which will be deployed at ExxonMobil's Whiptail project, located in the Stabroek Block, offshore Guyana.The…
Guyana's fourth oil floating production storage and offloading (FPSO) facility is expected to depart for the South American country in the first quarter next year, the CEO of U.S. producer Hess, John Hess, said on Wednesday.The firm, which alongside…
SBM Offshore has held a steel strike ceremony for floating production, storage, and offloading (FPSO) Jaguar, marking a significant step forward in the development of ExxonMobil's Whiptail project, located in the Stabroek Block, offshore Guyana…
ExxonMobil has assumed ownership of the Prosperity floating, production, storage and offloading (FPSO) unit from SBM Offshore, operating at Payara, Guyana’s third offshore oil development on the Stabroek Block.ExxonMobil, through its affiliate ExxonMobil Guyana…
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