All articles tagged with #oil project
Guyana's president has expressed support for Chevron's proposal to invest in a $150 billion oil project in the country, highlighting the potential economic benefits and growth opportunities for Guyana's energy sector.
Australian energy company Woodside has announced plans to invest in a $7.2bn oil project in the Gulf of Mexico. The project, operated by US-based Hess Corporation, is expected to produce 80,000 barrels of oil per day by 2026. Woodside's investment is part of its strategy to expand its global portfolio and increase its exposure to high-quality growth opportunities.
Chad has nationalized all assets and rights, including Exxon Mobil's 40% stake in the Doba oil project and a stake in the Chad-Cameroon oil pipeline, after a long dispute between the two parties. Exxon Mobil's shares are expected to decline further when earnings are announced on April 28.