Archive for the ‘ExxonMobil Corp’ Category
ExxonMobil plans 15% decrease in methane emissions
May 23rd, 2018 by Latest News
ExxonMobil Corp. reported greenhouse gas reduction measures that are expected to decrease its methane emissions by 15% and flaring by 25% by 2020. Efficiency improvements in its refining and chemical manufacturing facilities also are planned.
Sonatrach inks deal for ExxonMobil’s Italian refinery, logistical assets
May 16th, 2018 by Latest News
Algeria’s state-owned Sonatrach has signed an agreement with ExxonMobil Corp. to buy subsidiary Esso Italiana SRL’s 198,000-b/d Augusta refinery in Sicily to process Algerian-produced crude oil to further help reduce Algeria’s high costs for and relian…
Hess Corp. subsidiary Hess Guyana (Block B) Exploration Ltd. will acquire a 15% participating interest in the Kaieteur block offshore Guyana from ExxonMobil Corp. affiliate Esso Exploration & Production Guyana Ltd.
AG can seek ExxonMobil climate-change data, Massachusetts court rules
April 16th, 2018 by Latest News
Massachusetts Atty. Gen. Maura T. Healey (D) has authority under state law to investigate whether ExxonMobil Corp. suppressed information related to global climate change, the Bay State’s highest court ruled on Apr. 13.
Oil Search Ltd., Sydney and Port Moresby, has reported a tripling of 1C gross contingent natural gas resources in P’nyang gas field in retention lease PRL3 in the Western Highlands of Papua New Guinea.
Shell sells West Qurna 1 interest in Iraq
March 29th, 2018 by Latest News
Royal Dutch Shell PLC has taken another step in the trimming of its oil and gas interests in Iraq. Shell EP Middle East Holdings BV sold all share capital in Shell Iraq BV, which holds a 19.6% interest in West Qurna 1 oil field, to a subsidiary of Itoc…
XTO Energy Inc. agreed to upgrade operations and undertake new projects at its oil and gas production operations at the Fort Berthold Indian Reservation in North Dakota in a proposed settlement of charges that it violated the federal Clean Air Act, the…
ExxonMobil Corp. has added 2.7 billion boe of proved oil and gas reserves in 2017, replacing 183% of production. ExxonMobil’s proved reserves totaled 21.2 billion boe at yearend 2017. Liquids represented 57% of the reserves, up from 53% in 2016. ExxonM…
Light, sweet crude oil prices declined modestly Feb. 2 on the New York market as the US dollar strengthened. Oil trades are based in US dollars so a stronger dollar makes oil more expensive for buyers using other currencies.
ExxonMobil cites US tax reform as catalyst for $50-billion investment plan
February 2nd, 2018 by Latest News
ExxonMobil Corp.’s US upstream earnings recorded a loss of $429 million for full-year 2017, excluding US tax reform and impairments. With $7.6 billion of tax reform benefits and $521 million in asset impairments, the supermajor reported $6.6 billion in…