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Jan 30 (Reuters) - Chevron's fourth-quarter profits fell but came in ahead of estimates as it focused on cutting costs and making its operations more efficient to contend with lower crude prices throughout 2025. The only U.S. oil producer currently operating in Venezuela and now in the geopolitical spotlight after the U.S. capture and removal of former Venezuelan leader Nicolas... Continue Reading →
Jan 30 (Reuters) - Exxon Mobil beat Wall Street targets in fourth-quarter earnings reported on Friday, with higher oil production in profitable Permian Basin and Guyana assets helping to boost the No. 1 U.S. oil producer's results. Adjusted earnings for the October to December quarter were $1.71 per share, beating a consensus estimate of $1.68 per... Continue Reading →
Jan. 29 (Reuters) French Finance Minister Roland Lescure called a draft law proposing to allow offshore oil and gas exploration in its overseas territories "anachronistic" during a debate in the country's Senate on Thursday. In a world first, France banned new oil and gas exploration and production licenses in 2017, hoping other nations would follow suit. But energy security... Continue Reading →
Jan. 29 (oilnow.gy) Drilling activity offshore Guyana has been extended through 2029 after ExxonMobil awarded Noble Corporation plc additional rig years under its Commercial Enabling Agreement. The award applies evenly across four drillships operating in Guyana — Noble Sam Croft, Noble Don Taylor, Noble Tom Madden and Noble Bob Douglas — and is part of a broader... Continue Reading →
Jan. 29 (oilnow.gy) ExxonMobil Guyana averaged 892,000 barrels per day (b/d) of crude oil production in December 2025 across its four producing developments in the Stabroek Block, according to newly released government data. Production by project was 130,000 b/d at Liza 1, 244,000 b/d at Liza 2, 256,000 b/d at Payara, and 262,000 b/d at... Continue Reading →
Jan 29 (Reuters) - Exxon Mobil and Chevron executives may face more questions about their investment opportunities in Venezuela than their actual quarterly earnings when they hold calls with analysts on Friday. The U.S. capture and removal, opens new tab of Venezuelan President Nicolas Maduro earlier this month opened a possible - albeit arduous - path for Big Oil to access... Continue Reading →
Jan. 23 (oilnow.gy) A consortium led by TotalEnergies completed payment of a US$15 million signing bonus to Guyana in December for offshore exploration rights to Block S4, according to a report published in the December 30 Official Gazette. The group, which includes QatarEnergy and Petronas, secured Block S4 in Guyana’s first offshore licensing round, which closed... Continue Reading →
Jan. 22 (oilnow.gy) ExxonMobil Guyana Limited (EMGL) will continue developmental drilling operations at the Liz_3P13 Drill Center, part of the Liza Phase 2 Project in the Stabroek Block, according to a Notice to Mariners issued by the Maritime Administration Department (MARAD) this week. The drilling campaign commenced on January 18, 2026, and will conclude on... Continue Reading →
Jan. 20 (oilprice.com) Oil production in South America’s Guyana has gone from strength to strength in recent years, as international oil majors develop several new oil-producing regions. This has led Guyana to become one of the most-promising oil producers in the Americas, with high hopes for the future of “low-carbon” oil production. Now, following the United... Continue Reading →
Jan. 19 (OE) DOF Group has secured a large turn-key contract by MODEC Guyana to carry out mooring pre-lay work for the Hammerhead floating production, storage and offloading vessel (FPSO) unit, set for deployment at ExxonMobil’s project offshore Guyana. Under the contract, DOF’s North America subsea team will deliver project management, engineering, procurement, logistics, transportation... Continue Reading →
