ExxonMobil makes fresh Guyana discovery
The fledgling Latin American producer’s upstream reputation builds as firm announces yet another find
Guyanese offshore success in recent years has become almost synonymous with US giant ExxonMobil—the hot streak of oil discoveries achieved in the country’s waters has added 15 major finds to the firm’s roster and c.6bn bl oe in recoverable reserves. Momentum was further buoyed by the arrival of first oil from the Liza project in December—ahead of schedule and less than five years since the company’s breakthrough find. But the rapid pace of ExxonMobil’s exploration success in the emerging province is showing little sign of slowing. The firm has now announced a 16th major discovery in the prolific Stabroek block—ownership split between operator ExxonMobil (45pc), US independent Hess (30pc) and
Also in this section
10 March 2026
From Venezuela to Hormuz, the US—backed by the most powerful military force ever assembled—is redrawing not only oil and gas flows but also the global balance of energy power
10 March 2026
By shutting the Strait of Hormuz, Iran has cut exports of distillate-rich Middle Eastern crude, jet fuel and diesel, and is holding the energy market hostage
10 March 2026
Eni’s director for global gas and LNG portfolio, Cristian Signoretto, discusses how demand will respond to rising LNG supply, and how the company is expanding its own gas and LNG operations through disciplined, capital-efficient investments
9 March 2026
Petroleum Economist analysis sees increases in output from Saudi Arabia, Venezuela and Kazakhstan among others before region’s murky descent
