Valaris wins North Sea contract extensions as part of £220m revenue backlog
Drilling contractor Valaris has announced a number of North Sea contract extensions among a clutch of global deals.
ExxonMobil
Exxon’s credit rating outlook lowered by Moody’s on cash burn
Exxon Mobil Corp. had the outlook on its top-notch debt rating lowered by Moody’s Investors Service Inc. to negative due to a “substantial” cash burn to fund growth.
ExxonMobil says New York used fraud claims to score political points
You’d expect most companies accused of a longstanding fraudulent scheme to be thrilled if the government dropped those claims against them. Not so for Exxon Mobil Corp. -- at least not today.
Majors’ global selling spree could fetch $27.5 billion
Global giants of the oil and gas industry – the so-called supermajors – are looking to sell assets that could fetch a total $27.5 billion, according to Rystad Energy’s latest assessment.
Saipem bags clutch of deals worth £685million
Italian oilfield services firm Saipem has won a subsea contract in Guyana, as well as additional work in regions including the North Sea, worth £684.6million.
DecomWorld annual D&A summit returns with record numbers
DecomWorld – part of Reuters Events- today announced the global E&P delegations already confirmed to attend their 2020 Decommissioning and Abandonment Summit along with an international operator speaker faculty
Senegal launches licence round
Senegal has launched its licence round the Africa Oil Week conference in South Africa, although it faces criticism from one company for offering a disputed block.
ExxonMobil’s profits fall in third quarter
Exxon Mobil Corp. profits fell in the third quarter, the company reported Friday.
Exxon Mobil, Hess move up first Guyana production to December
Exxon Mobil and Hess Corp. said they are moving up the start date for first oil production in Guyana to December instead of the previous timeline slated for early 2020.
Oil major investors bracing for bad news as headwinds gather
Slumping energy prices, sluggish global demand and shrinking chemical margins are weighing on the oil industry as its biggest names prepare to announce quarterly results to investors demanding ever-higher payouts.
ExxonMobil hid ‘catastrophic’ climate prediction, state suit says
Exxon Mobil Corp. was sued by Massachusetts for allegedly hiding its early knowledge of climate change from the public and misleading investors about the future financial impact of global warming, two days after a trial started on similar claims in New York.
US forfeits $18bn in oil cash due to decades-old law
The U.S. has forfeited some $18 billion tied to oil and gas production in the Gulf of Mexico since 2000 because of a decades-old law that gave energy companies a break on paying royalties when drilling in deep waters, federal investigators concluded Thursday.
Exxon blasts New York’s climate lawsuit as trial opens
Exxon Mobil Corp.’s lawyer slammed New York’s securities-fraud case as the trial opened, saying the state “twisted” reality by conflating two internal metrics the company uses to account for the financial impact of climate change on its business.
Research to ‘determine effect’ of North Sea assets ramps up amid climate protests
A new research project looking to determine the effect of oil and gas and renewable energy structures in the North Sea has been kicked into high gear amid growing tensions between energy supermajors and climate groups.
SBM completes financing of FPSO for Exxon’s Liza field
SBM Offshore has completed financing of $1.14billion (£886m) to pay for the vessel which will serve ExxonMobil’s giant Liza field off Guyana.
Nigeria demands $62billion from oil majors for past profits
Nigeria is seeking to recover as much as $62billion (£50.6bn) from international oil companies, using a 2018 Supreme Court ruling the state says enables it to increase its share of income from production-sharing contracts.
ExxonMobil hires Jefferies as it weighs UK North Sea exit
Exxon Mobil Corp. has hired investment bank Jefferies Financial Group Inc. as it considers options including a sale of its UK North Sea assets, according to people familiar with the matter.
Rovuma LNG FID pushed back
The Rovuma LNG project has taken another step ahead but a final investment decision (FID) is now expected in early 2020.
Fossil fuel investors can expect dividend payments of £57.7bn
Continued stability in the global oil and gas industry is expected to deliver a record £57.7 billion in dividend payments for investors next year.
Var Energi snaps up ExxonMobil’s Norwegian portfolio for £3.6bn
Exploration firm Var Energi has announced the acquisition of ExxonMobil's Norwegian upstream assets for £3.6 billion.
ExxonMobil awards ‘multi-million’ Mossmorran deal to Bilfinger
US oil and gas giant ExxonMobil has announced the award of a "multi-million" deal at its Mossmorran facility to engineering firm Bilfinger.
OGCI reveals new initiatives to meet Paris goals
The Oil and Gas Climate Initiative (OGCI) today unveiled a series of initiatives aimed at reducing greenhouse gas emissions (GHGs).
Chevron to expand Gulf of Mexico production at St. Malo field
Chevron said Thursday it planned to significantly expand production at its St. Malo field in the deepwater Gulf of Mexico.
Exxon Mobil shuts down Beaumont chemical plant, assessing refinery
Exxon Mobil said it has shuttered its petrochemical operations in Beaumont and is weighing doing the same for its massive oil refinery as severe rainfall and flooding from Tropical Storm Imelda continues through Thursday.
Talos clinches Gulf of Mexico deals with BP, ExxonMobil
Talos Energy has struck deals with BP and ExxonMobil covering new exploration opportunities in the US Gulf of Mexico.