South American nation of Guyana moves forward on LNG project backed by leading US engineering companies
ExxonMobil Corp. and its partners in the huge oil and gas discoveries offshore the tiny nation of Guyana in the northeast corner of South America are moving forward on an LNG export project.
US majors ExxonMobil and Chevron return second-best performances in 10 years boosted by Permian and LNG
US majors ExxonMobil Corp. and Chevron Corp. recorded their second-largest annual profits in 10 years as oil and natural gas production increased and Chevron shipped record LNG cargoes from Australia even amid work stoppages.
ExxonMobil takes $19Bln non-cash charge on American natural gas but is boosted by Permian Basin
ExxonMobil Corp. posted a fourth-quarter loss of $20.1 billion because of write-offs for American gas assets compared with a $5.7Bln profit in the same three months of 2019 as the CEO said that income was boosted by LNG and liquids as well as Permian Basin shale activities.
Sixth Guyana discovery
Jan 8 (LNGJ) - ExxonMobil, one of the leading global LNG producers through its partnership with Qatar, has had positive results from its Ranger-1 exploration well, marking ExxonMobil’s sixth discovery since 2015 offshore Guyana on the North Atlantic coast of South America. The US major said the Ranger-1 well discovery adds to previous world-class discoveries at Liza, Payara, Snoek, Liza Deep and Turbot, which are estimated to total more than 3.2 billion recoverable oil-equivalent barrels. The well was safely drilled to 21,161 feet (6,450 metres) depth in 8,973 feet (2,735 metres) of water. “This latest success operating in Guyana’s significant water depths illustrates our ultra-deepwater and carbonate exploration capabilities,” said Steve Greenlee, President of ExxonMobil Exploration Company.
