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 boosted production from its deepwater fields in Guyana.
- Exxon leads a consortium with CNOOC to begin oil production in Guyana.
- ExxonMobil is drilling exploration wells in Guyana's Stabroek Block, while Guyana's maritime body issues instructions to mariners.
- ExxonMobil and Brookfield Renewable are expanding globally, increasing production in Guyana and Africa, while monitoring Brent crude prices and Middle East volatility.
- Mobil and Exxon credit a war-driven refining surge and added FPSO capacity to boost Guyana's oil results.