This expanded the Stabroek Block’s capacity to 560,000 barrels per day. After enhancements, those facilities, since January 2024, have been pumping over 600,000 barrels per day.

US supermajor ExxonMobil has officially relinquished 20% of the area of the prolific Stabroek block offshore Guyana.

An Exxon Mobil-led oil consortium has returned 2,534 square kilometers of the Stabroek Block in Guyana back to the government ...

Chevron is pushing ahead with its $53 billion acquisition of Hess, preparing for integration and layoffs while awaiting an ...

Chevron is laying the groundwork to swiftly close its planned acquisition of smaller oil producer Hess , according to two ...

Since the implementation of the 2016 Production Sharing Agreement (PSA) governing the activities in the Stabroek Block, ...

Following a recent article published in the media concerning the 20% relinquishment of the Stabroek Block by the operator, ...

Exxon Mobil, leading an oil consortium, has returned a portion of Guyana's Stabroek Block to the government. This move is ...

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The initiative followed the completion of a $1 billion pipeline last year that will transport gas produced from ExxonMobil's extensive Stabroek Block.

ExxonMobil Guyana plans to increase output from its Stabroek block offshore Guyana by 18,000 barrels per day (bpd) once it has completed risk assessments and received approval from local ...

Exxon Mobil Announced Two More Discoveries in the Stabroek Block Off Guyana. Note: This article is an update of my article published on Seeking Alpha on December 24, 2019.