Project success in Guyana has accelerated investment recovery for ExxonMobil.
1 report, 1 independent
Updated Aug 13
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What happened
Project success in Guyana has accelerated investment recovery for ExxonMobil.
Who's involved
What this event is mainly aboutHow it developed
Newest first. Tap a step to see who reported it.- Guyana repaid ExxonMobil its US$55B investment related to oil operations in the country.Sub-event
ExxonMobil's project success in Guyana led to accelerated investment recovery.1 source
Keep exploring
Part of
ExxonMobil made over 35 oil discoveries in Guyana, making it a major producer, while Middle East tensions persist over the Strait of Hormuz.Also in this story
- Retaliatory attacks in Hormuz caused a steep drop in LNG traffic and damaged minority interests in LNG trains.
- Occidental's performance is tied to Brent price, and Exxon Mobil holds advantaged assets in Guyana.
- US strikes against Iran caused Brent oil prices to fall, amidst ongoing geopolitical tensions in the Strait of Hormuz.
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.
- The government of Guyana is receiving the full profits generated from ExxonMobil's oil operations in the country.
- ExxonMobil is seeking to unlock Trinidad’s offshore potential, using Guyana’s successful oil drilling operations as a blueprint.
- ExxonMobil announced a new investment in Guyana's oil sector, involving chief policymaker Bharrat Jagdeo.
- New oil blocks are now competing with existing large leases as part of ExxonMobil's exploration campaign in Guyana.