Tag: Exxon Mobil Corp

Monday, March 2nd 2020 - 19:54 UTC
Crucial election in oil rich Guyana; economy forecasted to grow 85% this year, IMF

Guyana goes to the polls this Monday in a pivotal election in one of South America's poorest nations, where a coming oil boom is set to reshape an ethnically-divided political landscape.
Wednesday, October 23rd 2019 - 08:58 UTC
Major pre-salt oilfields auction could raise some US$ 50 billion for Brazil

An auction next month of oilfields in Brazil may be the priciest ever held, raising at least US$ 50 billion in licensing fees and compensation. Exxon Mobil Corp., Royal Dutch Shell Plc and other energy giants are set to vie for deep-sea deposits that could hold 15 billion barrels of oil, almost twice as much as Norway’s reserves.
Friday, July 28th 2017 - 06:00 UTC
Exxon puts Guyana on the world oil map with another major discovery

Exxon Mobil said that it has discovered additional oil in the Payara reservoir offshore Guyana, increasing the total discovery to approximately 500 million barrels oil equivalent. The result increases the estimated recoverable resources in Guyana’s Stabroek Block formation to about 2.25 to 2.75 billion barrels. By way of comparison, the much-heralded Thunder Horse find in the Gulf of Mexico has reserves of about one billion barrels.
Wednesday, March 22nd 2017 - 12:01 UTC
Guyana beats exploration/production record: oil extraction expected to begin 2019

United States oil giant Exxon Mobil Corporation is moving full steam ahead with plans to transform Guyana, in the north of South America, into a major oil producer. In what industry experts call a rare occurrence in the industry, Exxon Mobil has asked the David Granger administration for a production license to start pumping oil from the country’s seabed, less than five years after it discovered major oil finds.
Thursday, December 3rd 2015 - 07:55 UTC
Total contracts Maersk drillship to spud well offshore Uruguay next March

Maersk Drilling has been awarded a contract for the drillship Maersk Venturer with oil major France's Total. The contract covers one exploration well (estimated duration 120 days) in block 14 offshore Uruguay.
Friday, May 15th 2015 - 04:41 UTC
Exxon discovers oil off Guyana coast, in territory claimed by Venezuela

Exxon Mobil Corp has discovered oil off the coast of Guyana, the company and the South American nation's government said on Thursday, potentially inflaming a long-running territorial dispute with neighboring Venezuela.
Friday, October 10th 2014 - 05:34 UTC
WB tribunal rules Venezuela must pay ExxonMobil 1.6bn dollars for 2007 nationalization

A World Bank arbitration tribunal has determined Venezuela must pay ExxonMobil Corp. around 1.6 billion dollars to compensate for a 2007 nationalization, the award posted on the ICSID website on Thursday showed.
Thursday, October 9th 2014 - 10:36 UTC
YPF goes overseas: signs agreement with Ecuador to recover mature fields

Argentina's state-run energy company YPF closed on Wednesday an agreement with Ecuador's state-owned company Petroamazonas for the enhanced recovery of the mature field of El Campo Yuralpa which will demand an investment in the range of 170 million dollars.
Sunday, June 1st 2014 - 12:59 UTC
Exxon, BP defy White House and extend partnership with Russia

Several of the largest oil companies in the world are doubling down in Russia despite moves by the West to isolate Russia and its economy. ExxonMobil and BP separately signed agreements with Rosneft – Russia's state-owned oil company – to extend and deepen their relationships for energy exploration.
Tuesday, October 8th 2013 - 18:15 UTC
Brazil limits Chinese state-controlled companies to joint bidding for largest offshore oil prospect

Brazil is limiting Chinese state-controlled oil companies to joint bids to develop its largest offshore oil discovery, amid concerns the players could share data and reduce competition ahead of the 21 October auction, said Brazilian officials.