Archive for the ‘ExxonMobil Corp’ Category
ExxonMobil Corp. plans to produce natural gas for the Australian market by 2021 following a final investment decision to develop West Barracouta gas field in Bass Strait. The project, on the VIC/L1 Block offshore Victoria, is part of the Esso-BHP Gipps…
ExxonMobil’s latest discovery off Guyana boosts Stabroek block resources
December 3rd, 2018 by Latest News
ExxonMobil Corp. has increased its estimated recoverable resource for the Stabroek block to more than 5 billion boe from 4 billion boe following further evaluation of previous discoveries and drilling of the Pluma-1 well offshore Guyana. The well,…
ExxonMobil Corp. reported estimated third-quarter earnings of $6.2 billion compared with $4 billion in the same quarter in 2017. Cash flow from operating activities of $11.1 billion was the highest since third-quarter 2014. Capital and exploration expe…
ExxonMobil Petroleum & Chemical BVBA has commissioned a delayed coker at its 320,000-b/d Antwerp refinery in Belgium. Designed to convert heavy, higher-sulfur residual oils into transportation fuels such as marine gas oil and diesel, the 50,000-b/d…
Climate ‘fraud’ allegations hit ExxonMobil
October 25th, 2018 by Latest News
ExxonMobil Corp. is branding as “baseless” a New York attorney general’s lawsuit challenging the company’s disclosures to shareholders about the effects on its finances and markets of future climate-change regulation. New York Atty. Gen. Barbara D. Und…
Majors awarded Brazil presalt acreage in final auction before election
September 28th, 2018 by Latest News
ExxonMobil Corp., Royal Dutch Shell PLC, BP PLC, and Petroleo Brasileiro SA (Petrobras) added operated exploration positions with awards in Brazil’s 5th presalt bid round conducted by the National Agency of Petroleum, Natural Gas, and Biofuels (ANP) wh…
ExxonMobil Corp. has commissioned a unit to increase ultralow-sulfur fuels production at its 366,000-b/d integrated refining complex in Beaumont, Tex. The selective cat-naphtha hydrofining (SCANfining) unit will increase production of ultralow-sulfur f…
ExxonMobi Corp. will join the Oil & Gas Climate Initiative, a group of 13 of the world’s largest oil and gas producers working collaboratively toward solutions to mitigate the risks of climate change. The CEO-led organization focuses on developing …
ExxonMobil farms in to block off Namibia
August 21st, 2018 by Latest News
ExxonMobil Namibia (PEL44) Ltd. has agreed to acquire a 30% interest in petroleum exploration license 44 (PEL44) in the Walvis basin offshore Namibia from Azinam Ltd., according to the farmor. Water depths in the 5,722-sq-km block range from less than …
ExxonMobil Corp. plans to support the proposed Permian Highway Pipeline (PHP) Project, signing a letter of intent for subsidiary XTO Energy to contract for as much as 450,000 dekatherms/day of capacity on the pipeline.