Archive for the ‘ExxonMobil Corp’ Category
Six oil and gas majors will report second-quarter financials this week, with earnings expected to trend higher on the back of higher crude prices and robust refining margins, said Wood Mackenzie Ltd.
ExxonMobil Corp. has increased its estimate of the discovered recoverable resources for the Stabroek block offshore Guyana to more than 4 billion boe. The new estimate, up from 3.2 billion boe, supports a third phase of development and the consideratio…
The ExxonMobil Corp.-led PNG-LNG joint venture in Papua New Guinea has signed a midterm LNG sale and purchase agreement with PetroChina International (Hong Kong) Corp. Ltd. for the supply of LNG from the Southern Highlands project beginning this month.
WGC: ExxonMobil, Chevron chief executives list gas growth’s challenges
June 27th, 2018 by Latest News
The US natural gas outlook undeniably has improved substantially in the last 30 years, the chief executives of the nation’s two biggest multinational oil companies agreed on June 26. But rapidly improving technology, intelligent government policies, an…
ExxonMobil Corp. subsidiary Mobil Refining Australia Pty. Ltd. plans to expand crude storage capacity at its 80,000-b/d Altona refinery in Victoria, 13 km west of Melbourne, as part of its strategy to improve efficiency of its local refining and supply…
ExxonMobil Corp. affiliate Esso Exploration & Production Guyana Ltd. encountered 265 ft of high-quality, oil-bearing sandstone following the drilling of the Longtail-1 well offshore Guyana, creating potential for additional resource development in …
ExxonMobil Australia mulls LNG import terminal
June 18th, 2018 by Latest News
ExxonMobil Australia is considering the import of LNG into eastern Australia to help ease the predicted shortfall of gas supply from 2021 and protect its existing market share. The company also is increasing its exploration program in Bass Strait as we…
ExxonMobil, PAA to build 1 million-b/d Permian-to-Gulf Coast crude pipeline
June 13th, 2018 by Latest News
ExxonMobil Corp. and Plains All American Pipeline LP (PAA) have signed a letter of intent to build a common-carrier pipeline to transport more than 1 million b/d of crude oil and condensate from multiple locations in the Permian basin to the Texas Gulf…
ExxonMobil advances Liza Phase 1 development
June 12th, 2018 by Latest News
ExxonMobil Corp. has started drilling the first of 17 planned wells of Liza Phase 1 development offshore Guyana with production startup expected in 2020.
Qatar Petroleum has entered into an agreement with ExxonMobil Corp. to become a 30% equity holder in two ExxonMobil affiliates in Argentina that hold different interests in hydrocarbon licenses for seven blocks in the world-class Vaca Muerta play in Ar…