Gas Guyana Market Oil 
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. The $9-billion development will target an estimated resource base of about 600 million oil-equivalent barrels. Liza Phase 2, remains on track to begin producing oil by early 2022.
Green Car Congress
JANUARY 11, 2023
EIA expects crude oil prices to decrease through 2023 and 2024, even as petroleum consumption increases, largely because growth in crude oil production in the United States and abroad will continue to increase over the next two years. Areas of uncertainty include Russian oil supply and OPEC production. per gallon in 2024.
Green Car Congress
FEBRUARY 9, 2018
billion oil-equivalent barrels of proved oil and gas reserves in 2017, replacing 183% of production. billion oil-equivalent barrels at year-end 2017. During 2017, proved additions at Upper Zakum in Abu Dhabi totaled more than 800 million barrels of crude oil. Exxon Mobil Corporation added 2.7 Resource Base.
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. million net acres.
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. Canada’s growth is due in part to the Enbridge Line 3 crude oil pipeline expansion (760,000 b/d capacity), which became operational in October 2021. million b/d in 2023.
Expert insights. Personalized for you.
418 
Let's personalize your content