Green Car Congress
OCTOBER 2, 2020
ExxonMobil has made its final investment decision to proceed with the Payara field offshore development in Guyana after receiving government approvals. ExxonMobil’s first offshore Guyana project, Liza Phase 1, began producing in late 2019, well ahead of the industry average for development time. Hess Guyana Exploration Ltd.
Green Car Congress
FEBRUARY 9, 2018
billion oil-equivalent barrels of proved oil and gas reserves in 2017, replacing 183% of production. Offshore Guyana, ExxonMobil has discovered recoverable resources, including current proved reserves and additional resources, estimated to be 3.2 Additional exploration drilling in Guyana is planned in 2018 on the 11.5
Green Car Congress
MARCH 17, 2020
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.
Green Car Congress
JANUARY 11, 2023
Despite relatively low investment, EIA expects increases in drilling productivity and associated natural gas takeaway capacity from the Permian region will result in record annual US crude oil production in 2023 and 2024. EIA expects US natural gas prices to decrease, on average, through 2023 and 2024 as domestic production continues to grow.
Green Car Congress
JUNE 18, 2022
Canada’s growth in crude oil and natural gas production during 2022 and 2023 is driven primarily by expanding oil sands and debottlenecking projects. The remaining key sources of forecast non-OPEC production growth come from Norway, Argentina, Kazakhstan, Oman, and Guyana. EIA expects Brazil’s production to increase from 3.7
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