KEY POINTS ExxonMobil (NYSE:XOM) has achieved what industry insiders are calling the world’s first fully automated offshore well placement in Guyana, in collaboration with Halliburton and other partners. The project …
ExxonMobil
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In the NewsMarketsOil & Gas
Seplat Revives 49 Dormant ExxonMobil Wells, Targets 50 More to Boost Nigeria’s Oil Output
KEY POINTS Seplat Energy Plc has restarted production from 49 dormant oil wells acquired from ExxonMobil, unlocking fresh output and signalling a new phase of growth for the Nigerian independent …
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KEY POINTS Mozambique is rapidly strengthening its position as one of Africa’s most important natural gas producers following the revival of massive liquefied natural gas, LNG, projects on the Afungi …
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In the NewsOil & Gas
ExxonMobil’s Canje Block Licence Nears Expiry as Guyana Opens Door for New Exploration
The exploration licence held by ExxonMobil for the Canje offshore block is set to expire on March 4, 2026, according to officials from the Ministry of Natural Resources in Guyana, …
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In the NewsOil & Gas
ExxonMobil Ties Guyana Gas Investments to Faster Approvals, Stronger Regulatory System
KEY POINTS A senior executive of ExxonMobil says the pace of future investment in Guyana’s natural gas sector will depend largely on how efficiently government bureaucracy functions and whether a …
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In the NewsOil & Gas
ExxonMobil Launches Third Plastic Recycling Unit at Baytown Refinery to Boost Global Sustainability Push
KEY POINTS ExxonMobil has commissioned a third advanced plastics-recycling unit at its Baytown refinery complex, marking a major expansion of its waste-processing capabilities. The new unit increases the site’s ability …
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KEY POINTS SBM Offshore, a Netherlands-based deepwater ocean-infrastructure company, has sold its largest Guyana-operated floating production storage and offloading vessel (FPSO), FPSO ONE GUYANA, to ExxonMobil Guyana Ltd for US$2.32 …
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In the NewsOil & Gas
ExxonMobil Launches Appraisal Drilling in Guyana to Expand Oil and Gas Discoveries
KEY POINTS US energy giant ExxonMobil has begun drilling an appraisal well offshore Guyana, aiming to evaluate the potential of a recent major oil and gas find in the Stabroek …
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In the NewsMarketsOil & Gas
ExxonMobil Posts $6.5bn Q4 Earnings as Full-Year Profit Falls to $28.8bn
KEY POINTS ExxonMobil has reported earnings of $6.5 billion for the fourth quarter of 2025, bringing its full-year profit to $28.8 billion, according to the company’s latest financial statement. The …
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KEY POINTS ExxonMobil has reported a decline in its fourth-quarter earnings, blaming weaker crude oil prices for offsetting gains recorded from higher production volumes. The US energy giant posted profits …