Green Car Congress

DECEMBER 24, 2019

ExxonMobil announced an oil discovery offshore Guyana at the Mako-1 well southeast of the Liza field, marking the 15 th discovery on the Stabroek Block. Drilling activities in Guyana continue with four drillships to further explore and appraise new resources as well as develop the resources within approved projects. Earlier post.).

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Green Car Congress

SEPTEMBER 13, 2021

ExxonMobil has made a discovery at Pinktail in the Stabroek Block offshore Guyana. Separately, the Liza Unity floating production storage and offloading (FPSO) vessel set sail from Singapore to Guyana in early September. miles (35 kilometers) southeast of the Liza Phase 1 project, which began production in December 2019, and 3.7

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Green Car Congress

FEBRUARY 12, 2022

ExxonMobil has started production at Guyana’s second offshore oil development on the Stabroek Block, Liza Phase 2, bringing total production capacity to more than 340,000 barrels per day in only seven years since the country’s first discovery. Liza Unity on her way to Guyana. Hess Guyana Exploration Ltd.

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APRIL 28, 2022

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.

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Green Car Congress

AUGUST 9, 2023

The US Energy Information Administration (EIA) expects US crude oil production to surpass 12.9 In its August Short-Term Energy Outlook (STEO), EIA forecasts US crude oil production to average 12.8 In its August Short-Term Energy Outlook (STEO), EIA forecasts US crude oil production to average 12.8 million b/d, with 1.2

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OCTOBER 8, 2021

ExxonMobil increased its estimate of the discovered recoverable resource for the Stabroek Block offshore Guyana ( earlier post ) to approximately 10 billion oil-equivalent barrels. ExxonMobil affiliate Esso Exploration and Production Guyana Limited is operator and holds 45% interest in the Stabroek Block.

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Green Car Congress

FEBRUARY 9, 2018

billion oil-equivalent barrels of proved oil and gas reserves in 2017, replacing 183% of production. ExxonMobil’s reserves life at current production rates is 14 years. Offshore Guyana, ExxonMobil has discovered recoverable resources, including current proved reserves and additional resources, estimated to be 3.2 Resource Base.

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Green Car Congress

JUNE 18, 2022

The US Energy Information Administration (EIA) forecasts that liquid fuels production in Brazil, Canada, and China will increase this year and next, contributing to growth in overall non-OPEC petroleum production. The United States will account for about 60% of the growth in combined liquid fuels production in all non-OPEC countries.

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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.

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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 2023 and $3.10

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