Exxon Will Benefit Most from South America’s Newest Petrostate
The South American country of Guyana has recently emerged as a world-recognized oil-producing nation. This occurred due to…
Chevron wins legal battle against Exxon over Guyana oil, facilitating $53B Hess deal
Chevron has a clear way for the major oil company to complete its $53 billion acquisition of Hess…
Hess to exit Suriname exploration block after partners walk away over risks
Block 59’s sea depth ranges between 2,700 and 3,500 meters, Staatsolie said, and Hess’ former partners had left…
Guyana Oil Boom Lifts Exxon-Led Group’s 2024 Profit to $10.4 Billion
6/4/2025 (Reuters) — An oil-producing consortium in Guyana comprising Exxon Mobil, Hess and CNOOC posted a 64% surge…
U.S. Oil Giants Fight Over Guyana’s 11-Billion Barrel Treasure Trove
This week, a private arbitration panel in London began hearing the arguments of U.S. supermajors ExxonMobil and Chevron…
Exxon Plans Large-Scale Gas Pipeline, LNG Project in Guyana
2/19/2025 (Reuters) — U.S. oil major Exxon Mobil is planning to increase natural gas output and supply in…