Exxon scores more gas offshore Cyprus
ExxonMobil has made a good-quality gas find at its block offshore Cyprus, on the Glaucus-2 well.
ExxonMobil
ExxonMobil to boost Australian gas with $295m investment and more to come
ExxonMobil (NYSE:XOM) has taken a final investment decision (FID) to spend A$400 million ($295 million) on developing additional gas from the Gippsland basin Kipper field offshore Australia. Significantly, the country’s main industry lobby group said there is a massive opportunity for Australia to have more big investment decisions like this – but crucially the policy settings have got to be right.
Eco Atlantic strikes another deal, targeting Guyana’s JHI
Eco Atlantic Oil & Gas has struck another deal, agreeing to issue shares to buy its partner in Guyana, JHI Associates.
Japanese firms unlikely to exit Russian energy after Shell and ExxonMobil’s departure
There has been increasing speculation that Japanese oil and gas companies may follow their Western peers and exit Russian energy projects in response to Vladimir Putin’s bloody invasion of Ukraine. However, this seems unlikely, as such a move - designed to hurt Russia - would be blunted, as China is expected to fill any void left by departing investors.
Shell to withdraw from all involvement in Russian oil and gas
Shell has announced its intent to withdraw from all involvement in oil and gas from Russia, including trading of hydrocarbons and closing a range of service businesses.
ExxonMobil to exit Sakhalin-1, make no new investments in Russia
ExxonMobil (NYSE:XOM) said it will discontinue operations at Sakhalin-1 and make no new investments in Russia in response to Vladimir Putin’s invasion of Ukraine. Significantly, this casts more uncertainty around Russia's plans for expanding liquefied natural gas (LNG) exports from Sakhalin Island in Far East Russia.
Big oil walks away after decades in Russia
First BP, then Shell. In just two days, Britain’s twin energy giants have dumped Russian investments nurtured over decades and shut themselves out of the world’s largest energy exporter, probably forever.
Exxon’s bank in Russia among those hit by sanctions over Ukraine
A bank used by Exxon Mobil Corp. to pay the salaries and pensions of its workforce in Russia was among those sanctioned by the White House, according to two people familiar with the matter.
JERA teams up with ExxonMobil for Vietnam LNG
Japan’s JERA, a 50-50 joint venture between Tokyo Electric Power Company and Chubu Electric Power, is partnering with ExxonMobil for a large LNG-to-power project in Vietnam.
Big Oil forecast to return billions to shareholders this year
Oil and gas giants are expected to fork out billions of pounds on share buybacks this year as they reap bumper profits.
ExxonMobil seals crucial deal for LNG backfill project in PNG
ExxonMobil (NYSE:XOM), which operates the PNG LNG export complex in Papua New Guinea (PNG), has sealed a gas agreement with the PNG government that provides a clear framework for development of the P’nyang field to backfill existing liquefied natural gas (LNG) infrastructure. However, major development activities are unlikely to start before 2027.
Fuel supplies at risk as Unite ballots workers at Exxon refinery
Dozens of workers employed at supermajor ExxonMobil’s Fawley refinery and petrochemical complex could soon down tools as part of a dispute around pay.
Banks still pumping billions into oil and gas despite net zero pledges
Europe’s biggest banks are still pumping billions into the oil and gas sector despite signing up to a landmark net zero initiative.
ExxonMobil starts production at Guyana’s second offshore development
ExxonMobil (NYSE: XOM) has started up production at Guyana’s second offshore oil development on the Stabroek Block.
Chevron’s giant Gorgon CCS facility operated at half-capacity in first full year
Chevron’s (NYSE:CVX) flagship carbon capture and storage (CCS) scheme, designed to catch emissions at the Gorgon liquefied natural gas (LNG) project offshore Australia, has operated at just over half its expected capacity in the previous financial year, according to the latest project update.
Oil and gas leaders including Chevron, ExxonMobil and BP to unlock secrets of data-driven operations this June
The foremost digital strategists of the oil and gas sector will descend on Houston, Texas, this June to reveal unique insights into data-driven operations.
ExxonMobil to move headquarters to Houston
ExxonMobil will relocate its corporate headquarters to the Houston area from suburban Dallas and combine its chemical and refining divisions in a major shake-up aimed at reducing costs.
Drilling is in, IHS Markit says, as resources rise
The industry drilled more wells in 2021 than 2020, IHS Markit has reported, with notable successes in high impact wells adding new resources.
BP and Rosneft only oil explorers to deliver 1billion+ barrels in 2021
BP and Rosneft were the only companies to deliver more than a billion net barrels of oil equivalent through exploration last year, according to new research.
Exxon plans to zero out emissions from operations by 2050
Exxon Mobil announced an “ambition” to eliminate some greenhouse gas emissions by 2050 in the oil giant’s first such long-term pledge to curb carbon output.
ExxonMobil uncovers more oil offshore Guyana
US supermajor ExxonMobil (NYSE: XOM) has made two fresh oil discoveries off the coast of Guyana.
Coral Sul FLNG arrives on site in Mozambique
The Coral Sul floating LNG (FLNG) vessel has arrived at Area 4, offshore Mozambique, with the aim of starting production in the second half of 2022.
ExxonMobil Indonesia lawsuit set for trial after 20 years
A longstanding US lawsuit filed against ExxonMobil (NYSE:XOM) that alleges the oil and gas giant was responsible for human rights violations, including sexual assault, battery and wrongful death, that was committed by members of the Indonesian military, could be heard in court within months, reported Nikkei Asia.
ExxonMobil reaps windfall of up to $1.9billion from oil and gas rally
ExxonMobil said higher crude oil and natural gas prices boosted quarterly results by as much as $1.9 billion.
ExxonMobil boosts investment at giant Cepu Block in Indonesia
US supermajor ExxonMobil (NYSE:XOM) is planning to increase its investment in Indonesia’s giant Cepu Block by $170 million.