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Basin

Oil In Place

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

Oil & Gas 360º

MAY 28, 2025

(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. Hess Corp, and CNOOC of China.

Barrel

Barrel Oil Offshore Casing

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

Oil Gas Leads

MARCH 31, 2025

billion acquisition of Pioneer Natural Resources, Woods emphasized how innovationnot just scaleis at the heart of ExxonMobils growth plans, especially in the Permian Basin. oil and gas production, but its far from perfect. In fact, the industry typically recovers only 5% to 10% of the oil in place from shale reservoirs.

Hydraulic Fracturing

Hydraulic Fracturing Oil Gas Oil In Place

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

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

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