ExxonMobil participates in the Stabroek Block consortium while Petrobras deploys Búzios platforms, reflecting regional market shifts in Latin America.
1 report, 1 independent
Updated Aug 31
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What happened
ExxonMobil participates in the Stabroek Block consortium while Petrobras deploys Búzios platforms, reflecting regional market shifts in Latin America.
Who's involved
What this event is mainly aboutHow it developed
Newest first. Tap a step to see who reported it.- ExxonMobil and Petrobras are jointly seeking drilling licenses for Foz do Amazonas blocks, basing their potential on Guyanese output.Sub-event
New developments in Guyana and Brazil highlight broader Latin American oil market trends.1 source
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The entities involved
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ExxonMobil
American multinational oil and gas corporation
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Guyana
country in South America
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Petrobras
Brazilian multinational oil and gas corporation
Related events
- China gains a stake in the Stabroek Block, where ExxonMobil operates, with trade reaching US$1.8 billion in 2025.
- ExxonMobil operates in Stabroek Block off Guyana, while Christopher Ram analyzes the revenue generated from the oil operations.
- New oil blocks are now competing with existing large leases as part of ExxonMobil's exploration campaign in Guyana.
- ExxonMobil is seeking to unlock Trinidad’s offshore potential, using Guyana’s successful oil drilling operations as a blueprint.