ExxonMobil scores big this week

ExxonMobil has made two significant announcements this week: the sanction of the USD10+ billion Golden Pass LNG project and further exploration success in Guyana. Golden Pass LNG On Tuesday, ExxonMobil and Qatar Petroleum sanctioned the Golden Pass LNG project in Texas. It will have a cost of USD10+ billion and deliver capacity of 16mtpa from 2024. Golden Pass was originally a LNG import facility but will be converted over the next five years. The...

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ExxonMobil makes 10th oil discovery offshore Guyana; resource increased to 5+ bnboe

ExxonMobil announced its tenth discovery offshore Guyana and its sixth discovery on the Stabroek Block in the past year. The Pluma-1 well encountered c.121 feet of high-quality, oil-bearing sandstone reservoir and is located c.17 miles southwest of the Turbot-1 well and follows previous discoveries on the Stabroek Block at Liza, Liza Deep, Payara, Snoek, Turbot, Ranger, Pacora, Longtail and Hammerhead. The discovery adds to ExxonMobil's previous...

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