ExxonMobil acquired Pioneer and began utilizing assets in Guyana for oil production.
1 report, 1 independent
Updated Jun 7
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What happened
ExxonMobil acquired Pioneer and began utilizing assets in Guyana for oil production.
Who's involved
What this event is mainly aboutKeep exploring
Part of
ExxonMobil is seeking to unlock Trinidad’s offshore potential, using Guyana’s successful oil drilling operations as a blueprint.Also in this story
- ExxonMobil and Occidental Petroleum are conducting exploration in the TTUD-1 block in Trinidad and Tobago.
- ExxonMobil is expanding oil production in Guyana while Shell develops fields in Trinidad and Tobago.
- Guyana and Trinidad and Tobago are pursuing a joint effort to reopen and restart a refinery facility.
The entities involved
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ExxonMobil
American multinational oil and gas corporation
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Guyana
country in South America
Related events
- ExxonMobil operates in Guyana under cost recovery terms.
- ExxonMobil operates in Stabroek Block off Guyana, while Christopher Ram analyzes the revenue generated from the oil operations.
- ExxonMobil is drilling exploration wells in Guyana's Stabroek Block, while Guyana's maritime body issues instructions to mariners.
- Guyana is establishing a diverse procurement network, sourcing fuel from Suriname and Trinidad and Tobago, generating sets from China, and power ships from Turkey.
- New oil blocks are now competing with existing large leases as part of ExxonMobil's exploration campaign in Guyana.