ExxonMobil | GUPC

MODEC secures ExxonMobil contract for Hammerhead FPSO in Guyana

Oil & Gas‚ Oil and Gas Industry‚ Uncategorized | intent | April 22, 2025 | Comment off

The contract, issued as a Limited Notice to Proceed (LNTP), allows MODEC to begin early-phase work on the FPSO while awaiting regulatory and government approvals. Phase one of the project will involve front-end engineering and design (FEED), followed by engineering, procurement, construction, and installation (EPCI) in phase two—pending final project sanction by ExxonMobil Guyana and its Stabroek Block co-venturers.

The Hammerhead FPSO will have a production capacity of 150,000 barrels of oil per day, along with processing facilities for associated gas and water. It will be moored in approximately 1,025 meters of water using a SOFEC spread mooring system.

The LNTP enables MODEC to begin FPSO design activities to support an early project startup target of 2029, should approvals move forward.

ARC Secures LNG Sale to ExxonMobil Using Cedar LNG Offtake

Oil & Gas‚ Oil and Gas Industry | intent | March 13, 2025 | Comment off

ARC Resources Ltd. said Tuesday it has entered into a deal to sell all of its offtake from the under-construction Cedar LNG in Canada to Exxon Mobil Corp.

ExxonMobil selects Shearwater for new Guyana survey

Oil & Gas‚ Oil and Gas Industry | intent | February 25, 2025 | Comment off

Shearwater GeoServices has been awarded a contract by ExxonMobil Guyana to conduct a deepwater 4D ocean bottom node (OBN) reservoir surveillance programme offshore Guyana, Shearwater announced on Monday.

Chart Industries builds on ExxonMobil Mozambique LNG contract win

Oil & Gas‚ Oil and Gas Industry‚ Uncategorized | intent | January 10, 2025 | Comment off

Clean energy and industrial gas company Chart Industries has signed a global master goods and services agreement with ExxonMobil, Chart Industries announced on Wednesday.

ExxonMobil Ramps Up P’nyang Development, Eyes LNG Domination

Oil & Gas‚ Oil and Gas Industry | intent | December 11, 2024 | Comment off

The P’nyang field, holding a staggering 4.4 trillion cubic feet of gas, is key to keeping PNG’s LNG industry humming. With groundwork starting as early as April-June 2025, Exxon is advancing its concept select phase and preparing to establish a project office in PNG’s Western Province. “We expect to undertake initial ground surveys in the coming weeks,” said Johanna Boothey, ExxonMobil PNG’s senior VP for commercial development, at a recent conference in Sydney.

Let’s learn from ExxonMobil, high flyers must lead the way for mergers – AOMC Boss

Oil & Gas‚ Oil and Gas Industry | intent | November 25, 2024 | Comment off

The CEO of the Association of Oil Marketing Companies (AOMCs), Dr Riverson Oppong, has called on underperforming Oil Marketing Companies (OMCs) to consider merging with stronger players to create a more sustainable industry.

ExxonMobil buys FPSO working off Guyana for $1.23 billion

Oil & Gas‚ Oil and Gas Industry | intent | November 11, 2024 | Comment off

ExxonMobil Guyana Ltd. and BM Offshore completed the transaction related to the FPSO Prosperity, ahead of the maximum lease term, which would have expired next November.

ExxonMobil Canada confirms that highly touted Persephone well was a disappointment

Energy‚ Oil & Gas‚ Oil and Gas Industry | intent | September 17, 2024 | Comment off

A highly touted exploration well in Newfoundland’s offshore that had garnered international attention did not produce the results that energy giants ExxonMobil Canada and Qatar Energy had hoped.

As Shell and ExxonMobil sell onshore assets, are Africa’s indigenous producers ready?

Energy‚ Oil & Gas‚ Oil and Gas Industry | intent | September 5, 2024 | Comment off

As oil majors shift focus to deep offshore exploration in Africa, local producers face rising costs and complex challenges in a rapidly evolving industry landscape.

Crude reality: South America’s offshore oil buries net zero agenda

Oil & Gas | intent | August 28, 2024 | Comment off

South American nations are increasingly realigning energy strategies to capitalize on offshore oil and gas reserves, signaling a marked shift from previously stated goals of reducing dependence on fossil fuels to satisfy the net zero agenda of those obsessed with a faux climate emergency.

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