05/03/2026 by Cameron Clarke
US oil titan Exxon Mobil is employing its offshore triumphs in Guyana as the main selling point to make new oil and gas development agreements around the world.
The speed and effectiveness of its projects in Guyana’s waters saw production levels rise quickly, transforming the South American nation’s economy with a sovereign wealth fund worth $3 billion.
Exxon, which also operates the Mobil Lubricants brand producing grease, compressor oil and fluids for manufacturing and other industries, has also risen to answer concerns over foreign workers being needed for high-level positions. The supermajor is helping solve the skills shortage through a $100 million investment in STEM education over a ten-year term. The move is in tandem with Guyana’s President Irfaan Ali’s initiative to invest $7.5 billion into infrastructure, stressing the requirement of technology transfer and upskilled local employees.
Recent reports indicate that Exxon is now showcasing the recent Guyana buildout in its talks with global governments seeking to develop their gas and oil reserves. Guyana’s production rates rose from zero to almost a million oil barrels a day in a little over six years, proving Exxon can competitively execute highly complex developments.
As many major energy businesses battle it out to secure brand-new supplies, the Texas-headquartered company states that its clear focus on gas and oil, plus its discipline in project delivery, puts it ahead of its peers attempting to pivot.
Exxon Mobil is currently in negotiations with multiple countries including Egypt, Greece and Angola, among others.
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