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
21 April 2026
After overcoming a COVID-induced demand collapse with several years of successful market management, geopolitical events have conspired to provide the pact’s biggest test to date
21 April 2026
The regime’s policy of using nuclear ambiguity as a deterrent may have failed but it has realised it has other cards to play, while its neighbours are reappraising their approach to security
21 April 2026
As the global energy system undergoes a fundamental realignment, Algihaz Holdings has established itself as a critical player bridging conventional energy markets and the next generation of renewable infrastructure.
21 April 2026
The 25th WPC Energy Congress is taking place from 11-15 October 2026 at the Riyadh Front Exhibition & Conference Center.
