ExxonMobil

The government is targeting a “fairer share” of the revenues from oil and gas developments.

The US supermajor has made more than 30 discoveries offshore the South American country since exploration efforts began in 2015.

The US giant joins CF Industries and EnLink on a development that could capture and permanently store 2 million metric tons of carbon dioxide starting in 2025.

The SPE Annual Technical Conference and Exhibition kicked off with an in-depth discussion of the challenges facing the oil and gas industry, including the energy transition and the industry’s role in it.

ExxonMobil and Shell announced on 1 September that they have agreed to divest their 25-year-old joint venture Aera Energy. The California-based subsidiary reported an average production rate of almost 95,000 BOE/D in 2021, representing nearly a quarter of the state's total oil and gas output.

Consisting of a well pad and a pipeline, the storage project in the southwest of the state will be the first of its kind on land managed by the BLM.

Among other things, Microsoft is making it possible for Exxon to analyze reams of oilfield data. Amazon is helping drillers run simulations to maximize how much oil they can pump from existing wells.

Eni has proposed that its partners in the Rovuma LNG project construct a second floating liquefied natural gas processing facility to circumvent political risks that have disrupted ExxonMobil from building an onshore megaplant.

ExxonMobil awarded the consortium the project management, engineering, and installation of the estimated 190-km pipeline.

The discoveries bring the total number of its finds offshore Guyana to more than 25.