Exxon Mobil Corp. is in talks to acquire Pioneer Natural Resources Co., according to a person familiar with the matter, nearing its largest takeover in more than two decades as the energy giant seeks to become the dominant US producer of shale oil.
Revenues at the North Sea operator surged more than four-fold to $3.6bn.
“Africa is now for African banks and the Middle East is for Middle Eastern banks. The North Sea is the exception, where there is still an active international bank lending market, although with a reduced number of players lending.”
The heads of Saudi Aramco and Exxon Mobil took to the stage at a major industry event Monday to voice support for the global transition to cleaner forms of energy, but one in which oil continues to play a major role for decades to come.
"We look forward to continuing a successful partnership with our customer as we work together to safeguard a sustainable energy supply,” Maier said.
“Shifting business models toward greener activities is about more than being virtuous for the sake of the planet,” says BNEF’s Michael Daly. “There’s a huge financial opportunity for companies that help drive the energy transition.”
The rigs will carry out drilling, completion, testing, temporary abandonment and workovers, in water depths from 600 to 1,800 metres.
Unite the Union has announced that 200 of its members working at Exxon Mobil's (NYSE:XOM) Mossmorran petrochemical plant have withdrawn their labour over health and safety concerns.
About three years after Texas oil producer Denbury emerged from bankruptcy, four top executives are set to collect the final installment of a $121.5 million post-reorganization pay deal that rivals some of the industry’s most generous compensation packages.
The World Bank arbitration court awarded $77 million to Exxon Mobil Corp. in a resubmitted claim worth $1.4 billion over the nationalization of Venezuela’s Cerro Negro and La Ceiba crude projects in 2007.
Exxon Mobil is in talks with Tesla, Ford Motor Co., Volkswagen and other automakers about supplying them with lithium as the oil giant works to build a business around the crucial battery metal, according to people familiar with the matter.
Plunging margins for petrochemicals are set to take a bite out of Big Oil’s quarterly profits, adding to the pain companies are feeling from lower oil and gas prices.
Exxon confirmed the move in comments to Energy Voice. It arrived in a yard in Denmark, which can “safely disassemble and recycle the vessel in an environmentally responsible manner”.
Denbury’s Rocky Mountain assets are connected to Exxon’s Shute Creek gas facility near LaBarge, Wyoming, which has captured more carbon than any other asset in the US.
Apache has brought forward plans to end Forties, a foundation of North Sea production since the 70s, by 11 years.
Exxon is looking to nearly double its LNG portfolio, which currently stands at 24 million tonnes a year globally, by 2030, either through new projects, joint ventures or third-party offtake agreements, said Clarke.
The two regulators must “immediately comply”, it said, and “ensure that no duplication of regulatory responsibilities occurs across any activity”.
Exxon Mobil Corp. (NYSE: XOM) said lower natural gas prices and refining margins will reduce second-quarter earnings by about $4 billion compared with the previous three months.
There were a number of near misses on Hebron in 2021. Incidents included injuries on the facility and a support vessel.
"Starting with 2027, we will have a new natural gas source with potential to significantly increase the country's natural gas production, thus securing safety of supply.”
According to Marine Traffic, the Barumk Gas vessel left Bonny on June 9. As of this morning, it is anchored in Ghana’s Tema port. It arrived on June 11.
European leaders looking to tackle climate change should look to US policy and “let the market work” to avoid driving companies away with prescriptive regulations, Exxon Mobil chief executive officer Darren Woods said.
In moving its corporate HQ from Dallas to Houston, ExxonMobil will do away with its legendary plush executive suites.
Exxon Mobil Corp. (NYSE: XOM) said the prospect of the world reaching net zero carbon dioxide emissions by 2050 is “highly unlikely” due to the drop in living standards that would come with such a scenario.
SBM said it would operate the units via an Integrated Operation Model. This will involve seconding ExxonMobil Guyana employees to some onshore and offshore positions.