Oil production near Guyana is ramping up while production in places like the Permian Basin appears to be approaching a ...

ExxonMobil in April 2022 encountered approximately 70 metres of hydrocarbon-bearing sandstone reservoirs with the Barreleye-1 wildcat. The well was drilled in 1170 metres of water and 32 ...

Exxon Mobil Corporation XOM has a strong portfolio of upstream assets, centered around oil-rich prolific resources in the ...

Venezuela wants to annex territory nearly the size of Florida from neighboring Guyana, one of the world’s fastest-growing crude-oil producers. WSJ’s Kejal Vyas explains the region’s ...

A consortium led by Exxon plans to explore another well at its offshore block, according to Exxon Guyana president Alistair Routledge, reported Reuters.. The consortium, which includes Hess and ...

ExxonMobil has set its sights on a pair of new exploration wells in the Stabroek block offshore Guyana, as it looks to add to its discovered recoverable resources of more than 11 billion barrels ...

Drilling speeds in Guyana have doubled since 2019, reducing costs and improving efficiency. Discovered in 2015, the Stabroek Block now produces over 600,000 barrels per day.

An Exxon Mobil-led oil consortium has returned 2,534 square kilometers of the Stabroek Block in Guyana back to the government, the Ministry of Natural Resources said in a statement on Wednesday.

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Exxon Mobil XOM-0.97 % decrease; red down pointing triangle and Chevron CVX-0.65 % decrease; red down pointing triangle are battling this week over rights to one of the world’s most coveted oil ...