Ocean Energy Resources

GLOBAL NEWS SERVICE FOR THE FOSSIL AND RENEWABLE ENERGY COMMUNITIES

Highest net output in over 40 years for ExxonMobil

Fossil Energy – Production

ExxonMobil yesterday announced that its net production reached the highest level in more than 40 years in 2025, with Guyana a central contributor as the company reported full-year earnings of US$28.8 billion.

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Norway braces for Oil and Gas slowdown as investment falls

Fossil Energy – Norway

Norway’s offshore oil and gas production is expected to remain broadly stable in 2026, but a sharp decline in investment is signalling a slowdown in activity and a gradual fall in output later this decade, the country’s energy regulator said on Thursday.

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Exxon studies Venezuela return as Chevron plots increase in production

Fossil Energy – Venezuela

Exxon Mobil CEO Darren Woods said on Friday the U.S. oil major is ready to evaluate a potential return to Venezuela in what would be a stunning development after its assets in the South American country were nationalized nearly 20 years ago.

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Production started from Bacalhau, Equinor’s largest field

Fossil Energy – Production

On 15 October Equinor and its partners ExxonMobil Brasil, Petrogal Brasil (JV Galp|Sinopec) and Pré-sal Petróleo SA (PPSA) achieved start-up of production from the large Bacalhau field in Brazil.

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DeepOcean awarded installation contract by Equinor

Fossil Energy – SIMOPRO

Ocean services provider DeepOcean has been awarded a SIMOPRO – simultaneous marine operation and production – installation contract by Equinor on the Norwegian continental shelf.

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