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U.S. Oil Giants Fight Over Guyana’s 11-Billion Barrel Treasure Trove

OilPrice

supermajors ExxonMobil and Chevron regarding their rights to one of the worlds most lucrative oil projects. Guyanas Stabroek block has an estimated 11 billion barrels of oil in place discovered so far by the consortium of ExxonMobil, U.S. This week, a private arbitration panel in London began hearing the arguments of U.S.

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Kazakhstan’s Giant Kashagan Oilfield to Hit 1 Billion Barrels Production Soon

OilPrice

The Kashagan oilfield, which began production in 2013, is expected to hit the landmark 1 billion barrels of cumulative production by the end of the year, according to Kazakhstan media. Kashagan is located in the North Caspian Sea in Kazakhstan and is one of the biggest oil discoveries globally of the past 50 years.

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U.S. oil giants fight over Guyana’s 11-billion barrel treasure trove

Oil & Gas 360º

(Oil Price) –This week, a private arbitration panel in London began hearing the arguments of U.S. supermajors ExxonMobil and Chevron regarding their rights to one of the worlds most lucrative oil projects. million barrels per day, with gross production growing to 1.3 million barrels per day by 2030, Exxon says.

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BW Energy announces substantial oil discovery at Bourdon field offshore Gabon

Oilfield Technology

BW Energy is pleased to announce that second sidetrack DBM-1 ST2 well has confirmed the substantial oil discovery with good reservoir and fluid quality of the Bourdon prospect in the Dussafu Licence offshore Gabon, announced on 7 March 2025.

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ExxonMobil CEO Darren Woods on Doubling Recovery Rates and the Future of Fracking

Oil Gas Leads

In a recent interview on CNBC, ExxonMobil Chairman and CEO Darren Woods shared compelling insights into the companys long-term strategy for unlocking greater value from unconventional oil and gas resourcesspecifically through advanced fracking technology and the goal of doubling recovery rates. As the company moves forward with its $59.5