Archive for the ‘ExxonMobil Corp’ Category
ExxonMobil Corp. plans to triple total daily production from its Permian basin operations by 2025 and invest $2 billion in terminal and transportation expansions to support the operations, spurred by changes to the US corporate tax rate and increased l…
Bass Strait partners ExxonMobil Corp. and BHP Billiton have agreed to abandon their gas marketing joint venture for Bass Strait production after 50 years of operation. Pressure for the break-up has come from the Australian Competition & Consumer Co…
ExxonMobil, Petrobras sign alliance MOU
December 15th, 2017 by Latest News
ExxonMobil Corp. and Petroleo Brasileiro SA (Petrobras) have signed a memorandum of understanding envisioning a strategic alliance to identify and evaluate business opportunities.
ExxonMobil Corp. reported it will combine its refining and marketing operations into a single company—ExxonMobil Fuels & Lubricants Co.—in first-quarter 2018. Bryan Milton, currently president of ExxonMobil Fuels, Lubricants & Specialties Marke…
ExxonMobil Corp. posted third-quarter earnings of $4 billion, up from $2.7 billion in third-quarter 2016 as commodity prices improved and upstream and downstream performance strengthened. The results came despite some downstream expenses related to Hur…
ExxonMobil Corp. unit Esso Exploration & Production Guyana Ltd. has let an engineering, procurement, construction, and installation (EPCI) contract to Saipem SPA for the Liza project 120 miles offshore Guyana in 1,800 m of water.
Mnuchin statement rejects ExxonMobil bid for Russia sanctions waiver
April 24th, 2017 by Latest News
The Trump administration will not be issuing waivers to ExxonMobil Corp.
and other US companies authorizing oil and gas drilling currently
prohibited by sanctions against Russia. US Treasury Sec. Steven T.
Mnuchin’s Apr. 21 statement came following reports days earlier that the
US multinational oil company sought permission to resume operations in
the Black Sea with partner OAO Rosneft.
Sydney and Port Moresby-based Oil Search Ltd. has relinquished its interest in the Taza production-sharing contract in the Kurdistan section of Iraq.
ExxonMobil to buy Bass family’s Permian assets for up to $6.6 billion
January 23rd, 2017 by Latest News
ExxonMobil Corp. has agreed to acquire companies primarily focused on New Mexico’s Delaware basin from the Bass family of Fort Worth in a deal that could total $6.6 billion.
State officials wanted OCS off California included in permanent ban
January 9th, 2017 by Latest News
California Gov. Jerry Brown (D) and Coastal Commission Chair Dayna Bochco each asked US President Barack Obama on Dec. 13 to add federal waters off the state’s coast to portions of the US Outer Continental Shelf he permanently closed to future oil and …