Monday, July 28, 2025
Exxon vs. Chevron battle sets stage for oil industry’s race for prize assets: Bousso- oil and gas 360

Exxon vs. Chevron battle sets stage for oil industry’s race for prize assets: Bousso

(BOE Report) – LONDON, July 18 – The high-stakes clash between Exxon Mobil and Chevron over a prized South American oilfield may be a sign of what’s to come in the oil and gas industry as competition for a shrinking pool of prime assets heats up. Chevron is set to finalize its $53 billion acquisition of U.S. rival Hess after the companies prevailed

Guyana Scales Back Borrowing as Elections Test Oil Boom Stability- oil and gas 360

Guyana scales back borrowing as elections test oil boom stability

(Oil Price)– Guyana’s government will reduce external borrowing for major infrastructure projects, Vice President Bharrat Jagdeo said, citing the country’s swelling oil revenues and a growing push for fiscal restraint. Speaking at a press briefing, Jagdeo said new revenue flows made it unnecessary to pursue as many external loans for transport and energy projects as previously planned, adding, “We have

Exxon plans to operate in Guyana 'as usual' if it loses Chevron-Hess arbitration- oil and gas 360

Exxon plans to operate in Guyana ‘as usual’ if it loses Chevron-Hess arbitration

(World Oil) –  Exxon Mobil Corp. said it will be “business as usual” in its massive Guyana oil field if it loses its arbitration case against Chevron Corp. and Hess Corp. Exxon remains confident it will prevail in the case over the field’s ownership at the International Chamber of Commerce, Neil Chapman, Exxon’s senior vice president, said at the Bernstein Strategic

U.S. oil giants fight over Guyana’s 11-billion barrel treasure trove- oil and gas 360

U.S. oil giants fight over Guyana’s 11-billion barrel treasure trove

(Oil Price) – This week, a private arbitration panel in London began hearing the arguments of U.S. supermajors ExxonMobil and Chevron regarding their rights to one of the world’s most lucrative oil projects. Guyana’s Stabroek block has an estimated 11 billion barrels of oil in place discovered so far by the consortium of ExxonMobil, U.S. Hess Corp, and CNOOC of China.

Permian Basin growth fuels ExxonMobil’s quarterly success- oil and gas 360

Permian Basin growth fuels ExxonMobil’s quarterly success

(Oil Price) – First-quarter earnings at ExxonMobil (NYSE: XOM) topped analyst estimates as higher production in the Permian and offshore Guyana offset part of the lower realizations due to falling oil prices. Despite the lower earnings compared to a year ago, Exxon expressed confidence that the structural and cost-saving measures of the past few years have prepared it to weather the

Exxon bets big on natural gas in its eighth Guyana oil project- oil and gas 360

Exxon bets big on natural gas in its eighth Guyana oil project

(Oil Price) – ExxonMobil’s eighth oil project offshore Guyana will also be the biggest natural gas development of the Exxon-led consortium in the prolific Stabroek Block. Exxon and its partners in Guyana’s oil projects, U.S. Hess Corp and CNOOC of China, expect to produce up to 1.5 billion cubic feet per day (bcfd) of natural gas and 290,000 barrels per day

Exxon plans large-scale gas project in oil-dominated Guyana- oil and gas 360

Exxon plans large-scale gas project in oil-dominated Guyana

(Investing) – GEORGETOWN – U.S. oil major Exxon Mobil (NYSE:XOM) is planning to increase natural gas output and supply in Guyana through a large-scale project announced on Wednesday, following the government’s call for more gas to fuel onshore power and petrochemical projects. The “Wales Gas Vision”, outlined by Exxon’s Guyana head, Alistair Routledge, is set to provide gas for the production of fertilizers

Chevron needs Hess’s Guyana oil assets to boost reserves-oil and gas 360

Chevron needs Hess’s Guyana oil assets to boost reserves

(Oil Price) – Chevron is betting on the multi-billion acquisition of Hess Corp to boost its assets with high-quality Guyana acreage where billions of barrels of oil equivalent have been discovered. Chevron’s reserves replacement ratio has dropped in recent years and its oil and gas reserves have now declined to the lowest level in at least a decade, according to a Reuters

Baker Hughes lands major contract for ExxonMobil Guyana FPSOs- oil and gas 360

Baker Hughes lands major contract for ExxonMobil Guyana FPSOs

(World Oil) – Baker Hughes has secured a significant award from ExxonMobil Guyana to provide specialty chemicals and related services for its Uaru and Whiptail offshore greenfield developments in Guyana’s prolific Stabroek Block. The announcement was made during Baker Hughes’ 25th Annual Meeting in Florence, Italy. The multi-year contract includes all topsides, subsea, water injection and utility chemicals for the

Guyana, Suriname could emerge as key LNG exporters by 2030s- oil and gas 360

Guyana, Suriname could emerge as key LNG exporters by 2030s

(Oil Price) – Two of the world’s latest oil exploration hotspots, South American neighbors Guyana and Suriname, could become major LNG exporters early next decade if they develop the vast non-associated natural gas resources discovered in their offshore blocks. The resource is there, the costs could be competitive, and export destinations plentiful—from other countries in central and South America to Southeast

Chevron CEO under pressure to halt share slide as Hess deal stalls- oil and gas 360

Chevron CEO under pressure to halt share slide as Hess deal stalls

(Yahoo Finance) – HOUSTON – Five years ago, Chevron CEO Michael Wirth won Wall Street acclaim as the No. 2 U.S. oil company briefly achieved a market value larger than Exxon Mobil’s after he refused to get into a bidding war with Occidental Petroleum over a rival. He was ahead of the game when the pandemic hit oil and gas