Tuesday, May 6, 2025

Exxon Mobil and Hess Corp. Announce World-Class Oil Discovery

The equivalent of 1,400 Gulf of Mexico Blocks: Tillerson Exxon Mobil (ticker: XOM) and Hess Corp. (ticker: HES) announced initial results from the Liza-2 exploration well in the Stabroek block of offshore Guyana. This announcement follow the success of the Liza-1 well in 2015. The results confirm a world-class oil discovery with estimated recoverable resource for the Liza prospect of

OPEC’s Abu Dhabi Meeting: We Will Need “New Strategies to Balance the Market” in 2019 - Oil & Gas 360

U.S. Production Sees Largest Monthly Decline since the Start of the Downturn

U.S. production falls 220 MBOPD in April U.S. production has remained surprisingly resilient amid the fall in oil prices, but data from the EIA today showed that production is beginning to come off at an increasingly fast pace. Total U.S. crude production averaged 8.933 MMBOPD in April, down 220 MBOPD from 9.155 MMBOPD in March, according to the EIA. The