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Corporate week in brief: Guyana keeps growing for ExxonMobil

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25 June 2018

Corporate week in brief: Guyana keeps growing for ExxonMobil

Report summary

ExxonMobil has made an 8th oil strike offshore Guyana. The Longtail discovery could push discovered resources on the block to over 4 billion boe, and paves the way for a joint development with the nearby Turbot discovery. We look at what this means for ExxonMobil, Hess and CNOOC Ltd. We also provide commentary on the following stories: Markets rally as OPEC announces production uplift. CNOOC Ltd greenlights US$400M Long Lake oil sands expansion. Equinor enters Argentina solar. Chevron backs new energy venture fund. Shell sells non-core assets in Norway. BP’s Australian Woolworths deal falls through. Equinor and Aker BP dominate Norway’s 24th round. Equinor partners with Microsoft for cloud services.

Table of contents

  • Macro: OPEC increase; oil and gas stocks positive
  • Lead story: ExxonMobil makes 8 th discovery offshore Guyana
  • Companies: CNOOC Ltd, Equinor, Chevron
  • M&A: Shell, BP
  • Exploration: Equinor, Aker BP
  • Digitalisation

Tables and charts

This report includes 2 images and tables including:

  • Stabroek (Guyana) production by participant
  • Data dashboard

What's included

This report contains:

  • Document

    Corporate week in brief: Guyana keeps growing for ExxonMobil

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