Tag: Exxon
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An oil discovery in Guyana competing with the Exxon Mobil alliance
CGX Energy announced an oil discovery in Guyana that would rival the ExxonMobil consortium that controls production off the country’s coast. The Canadian company found oil in an exploration well in an area where the presence of oil was not confirmed by known methods, such as seismic studies. The discovery is expected to be commercially…
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Disappointing results for Exxon Mobil in Brazil after 6 years of exploration
The American company Exxon Mobil failed to find oil in Brazil, after nearly 6 years of search and exploration operations. And the giant American oil and gas company stopped the current drilling in the offshore region, which it began to seize with partners for $ 4 billion in 2017, after failing for the third time…
