XOM nears completion of a new Guyana FPSO and aims to lift output as multiple offshore projects drive production growth.
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#guyana / Page 2
A new floating production facility for the Exxon Mobil-led consortium in Guyana is "almost complete" and expected to soon depart from Singapore, the company's head in Guyana said.
Preliminary economic assessment showed first-quartile global economics. G2 is exploring 15 more kilometers of strike and plans a 1:2 G3 share distribution.
Year-end 2025 results include a $17.1M non-cash hit on Berbice River port assets and a full write-off of the Corentyne block amid license dispute.
Closed-loop automation cut drilling ~15% and tripping ~33% while keeping 470m in the reservoir, a first for offshore Guyana well construction.
XOM could benefit from stronger crude prices as WTI tops $90 and EIA projects higher averages, supporting output growth from its Permian and Guyana assets.
In December 2025, the U.S. seized a sanctioned tanker flying the flag of Guyana, where it wasn't registered. The vessel was, in legal terms, stateless.
Eco (Atlantic) Oil & Gas (ECAOF) to buy 100% of JHI in a $52.3M share deal, boosting Falklands & Guyana stakes, with Q3 2026 close.
ExxonMobil surges 37.8% in a year as high oil prices and strong Permian and Guyana production boost its outlook, but premium valuation may limit fresh buying.
Cuban officials are preparing to withdraw a medical brigade from Guyana after it moved to provide full salaries to the doctors and nurses instead of mostly paying the Cuban government ...