Remove Companies Remove Future Remove Guyana Remove Market
article thumbnail

ExxonMobil announces significant oil discovery at Whiptail, offshore Guyana

Green Car Congress

ExxonMobil said it made a discovery at Whiptail in the Stabroek Block offshore Guyana. Drilling continues at both wells to test deeper targets, and results will be evaluated for future development. Yellowtail has been identified as the fourth development project in the Stabroek Block offshore Guyana with anticipated startup in 2025.

Guyana 243
article thumbnail

ExxonMobil makes two more discoveries offshore Guyana

Green Car Congress

ExxonMobil made two oil discoveries at Fangtooth-1 and Lau Lau-1 in the Stabroek block offshore Guyana. Fangtooth was drilled by the Stena DrillMAX, and Lau Lau was drilled by the Noble Don Taylor, which are two of six drillships supporting exploration and development drilling across three blocks operated by ExxonMobil offshore Guyana.

Guyana 210
article thumbnail

ExxonMobil makes three new discoveries offshore Guyana; increases Stabroek resource estimate to nearly 11B barrels

Green Car Congress

ExxonMobil has made three new discoveries offshore Guyana and increased its estimate of the recoverable resource for the Stabroek Block to nearly 11 billion oil-equivalent barrels. The three discoveries are southeast of the Liza and Payara developments and bring to five the discoveries made by ExxonMobil in Guyana in 2022.

Guyana 195
article thumbnail

ExxonMobil evaluating significant near-term capital and operating expense reductions; COVID-19

Green Car Congress

ExxonMobil is looking to reduce spending significantly as a result of market conditions caused by the COVID-19 pandemic and commodity price decreases. Woods said that ExxonMobil has faced numerous market downturns throughout its long history and has experience operating in a sustained low-price environment. million net acres.