Archive for the ‘ExxonMobil Corp’ Category
SABIC and ExxonMobil are proceeding with their previously announced plan to build the Gulf Coast Growth Ventures project, a 1.8 million-tonne/year ethane cracker currently planned for construction in San Patricio County, Tex. The ExxonMobil-SABIC …
ExxonMobil Corp.’s development of Permian basin resources in New Mexico will generate $64 billion in net economic benefits for the state and local communities over the next 40 years, according to a study conducted for ExxonMobil by Impact Data Source.
Two US Department of Energy national laboratories and ExxonMobil Corp. plan to invest as much as $100 million over 10 years to advance lower emissions energy technologies that could be brought to a commercial scale. The agreement involving DOE’s Nation…
ExxonMobil Corp. has financed the Liza Phase 2 development offshore Guyana after receiving government and regulatory approvals. Liza Phase 2 will produce as much as 220,000 b/d, and ExxonMobil forecasts the Stabroek block will produce more than 750,000…
ExxonMobil plans to increase its Permian basin production to 1 million boe/d by as early as 2024, which would be an 80% increase of its current production in West Texas and southeastern New Mexico. Other companies—including Chevron, BP, Shell, and Occi…
McKee appointed ExxonMobil Chemical president
March 1st, 2019 by Latest News
Karen McKee has been appointed president of ExxonMobil Chemical Co. effective Apr. 1. McKee currently serves as senior vice-president for basic chemicals, integration, and growth. McKee joined Exxon Chemical Co. in the UK in 1990, where she held assign…
ExxonMobil Corp. will build a polypropylene unit at its facility at Baton Rouge that will expand production capacity along the US Gulf Coast by as much as 450,000 tonnes/year. Construction on the project—which will create as many as 600 jobs during the…
ExxonMobil Corp. announced a natural gas discovery offshore Cyprus in the Eastern Mediterranean on Block 10. The Glaucus-1 well cut 436 ft of reservoir rock. Evaluation of the potential of Block 10 continues.
ExxonMobil enters cloud technology partnership to raise production
February 22nd, 2019 by Latest News
ExxonMobil Corp. said a partnership with Microsoft to use cloud technology for the supermajor’s Permian basin operations is expected to increase net cash flow over the next decade through improved analysis and enhanced operational efficiencies.
ExxonMobil Corp. reported additional discoveries offshore Guyana with the Tilapia-1 and Haimara-1 wells in southeastern Stabroek block, bringing the total discoveries on that block to 12. The latest discoveries contributed to an estimated resource of m…