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ExxonMobil says it plans to explore for oil and gas in a disputed area off South America’s coast where the Venezuelan military had previously expelled two U.S. oil companies

GEORGETOWN, Guyana (AP) — ExxonMobil said it plans to explore for oil and gas in a disputed area off South America’s coast where the Venezuelan military had previously expelled two

GEORGETOWN, Guyana (AP) — ExxonMobil said it plans to explore for oil and gas in a disputed area off South America’s coast where the Venezuelan military had previously expelled two

US oil majors ExxonMobil and Chevron posted robust profits that beat analyst expectations in 2023 despite challenges both faced in their California operations.

United Nations, Feb 1 (EFE).- Guyana will not use its month-long presidency of the UN Security Council to bring up its conflict with Venezuela over the Essequibo region, ambassador to the United Nations Carolyn Rodrigues Birkett said on Thursday. “At this point, we do not believe it is a matter that we need to bring …

Oil and gas proved reserves at Dec.31, 2023 were 1.37 Bboe, compared with 1.26 Bboe at Dec. 31, 2022. Proved reserve additions and net revisions in 2023 totaled 261 MMboe, primarily from Guyana, which included sanctioning of the Uaru development, and from the Bakken.

Of the 36 high-impact wells to be drilled in 2024 Africa is the most popular of all the continents, with 13 likely prospects.

The gas will supply a 300MW power plant and natural gas liquids facility.

Hess reported $413 million in net income for the fourth quarter of 2023.