Archive for the ‘ExxonMobil Corp’ Category
Qatar Petroleum and ExxonMobil Corp. have made a final investment decision to proceed with development of the Golden Pass LNG export project in Sabine Pass, Tex. Construction will begin in this year’s first quarter with expected start-up in 2024.
ExxonMobil Corp. reported estimated 2018 earnings of $20.8 billion compared with $19.7 billion a year earlier. Excluding US tax reform and asset impairments, earnings were $21 billion compared with $15.3 billion in 2017.
ExxonMobil to streamline upstream organization
January 31st, 2019 by Latest News
ExxonMobil Corp. will streamline its upstream organization and centralize project delivery across the company to support its plans to double operating cash flow and earnings by 2025. Effective Apr. 1, three new upstream companies will be created: Exxon…
Driven by its large investment in Guyana, ExxonMobil Corp. is leader of the pack among the top oil and gas explorers of 2018, according to Rystad Energy’s annual exploration review. “ExxonMobil was exceptional, both in terms of discovered volumes and v…
ExxonMobil Corp. has let a contract to TechnipFMC PLC to provide detailed engineering, procurement, and construction for the operator’s recently approved project to expand refining capacity by more than 65% at its 366,000-b/d integrated refining comple…
ExxonMobil, partners advance 1 million-b/d Wink to Webster crude line
January 30th, 2019 by Latest News
ExxonMobil Corp., Plains All American Pipeline LP, and Lotus Midstream LLC have formed the Wink to Webster Pipeline LLC joint venture and ordered nearly 650 miles of US-sourced 36-in. line pipe to construct a common-carrier pipeline to transport more t…
ExxonMobil Corp. has reached a final investment decision to proceed with a previously announced plan to expand crude refining capacity by more than 65% at its 366,000-b/d integrated refining complex in Beaumont, Tex.
US Supreme Court rejects ExxonMobil bid to block Mass. AG’s subpoena
January 8th, 2019 by Latest News
The US Supreme Court rejected ExxonMobil Corp.’s effort to block Massachusetts Atty. Gen. Maura Healy’s (D) subpoena for documents related to the multinational oil company’s research into global climate change. The nation’s highest court denied certior…
ExxonMobil Corp. reported the start of drilling of the Haimara-1 exploration well offshore Guyana—the first of two planned wells in January. The Stena Carron drillship is drilling the well, which is 19 miles east of the Pluma-1 discovery in the southea…
Drilling and development offshore Guyana were unaffected by an incident involving seismic acquisition vessels on Dec. 22, ExxonMobil Corp. said Dec. 26. Two vessels operated by Petroleum Geo-Services ceased conducting 3D seismic data acquisition in the…