Tag: ExxonMobil
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๐ฒ๐ฟ ExxonMobilโs Rovuma LNG Project: What It Means for Mozambique and Pan-African Prosperity
Mozambique is once again at the center of global energy discussions as ExxonMobil, the US energy giant, prepares to restart work on its monumental Rovuma liquefied natural gas (LNG) project in the northern province of Cabo Delgado. This multibillion-dollar initiative has been hailed as a transformative venture with the potential to redefine Mozambique’s economy and…
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๐ฌ๐พ Hess Secures Construction Permit for Whiptail Project, Squeezing Out Exxon
Hess has successfully acquired a construction permit for its sixth project within the Stabroek block – Whiptail offshore Guyana. With the backing of local authorities, Hess anticipates a capacity increase of 250 thousand barrels per day by 2027. Interestingly, news surfaced in April regarding ExxonMobil’s interest in investing $12.7 billion in Whiptail. Notably, Exxon operates…
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ExxonMobil Commits $12.7 Billion Investment in Guyana’s Whiptail Oil Field Development
๐ฌ๐พ ExxonMobil, a prominent US oil and gas company, has finalized its decision to proceed with the development of the Whiptail oil field within the Stabroek block located offshore Guyana. The total financial commitment to this development project stands at $12.7 billion. Anticipated production from the field by the end of 2027 is estimated to…
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