Post Tagged with: "exxonmobil"

Source: Reuters

Exxon Mobil eyes LNG-to-power projects in Vietnam: government

Reuters


HANOI – Exxon Mobil Corp is exploring the possibility of investing in new projects to develop LNG-to-power plants in Vietnam, the Southeast Asian government said on Thursday.

Exxon Mobil has long been engaged in the development of the Blue …

June 11, 2020 - 11:00 am Closing Bell Story‎, Energy News, LNG
ExxonMobil outlines progress on long-term growth strategy

ExxonMobil outlines progress on long-term growth strategy

ExxonMobil


Woods told investors that ExxonMobil (stock ticker: XOM) is planning capital expenditures of between $30 billion to $35 billion annually through 2025, consistent with previous guidance. For 2020, the company anticipates an investment level of up to $33 billion, …

Source: CNBC

‘The new frontier of oil’: Latin America’s newest crude-producing nation to hold pivotal election

CNBC


An upcoming election in one of the smallest and poorest countries in South America is set to decide on a new government to oversee the highest amount of oil per person of any country in the world.

Guyana, a

February 28, 2020 - 11:30 am Closing Bell Story‎, Crude Oil News, Energy News, Offshore
Exxon drops to 15-year low ahead of annual strategy presentation

Exxon drops to 15-year low ahead of annual strategy presentation

Houston Chronicle


Exxon Mobil Corp. fell to a 15-year low on Monday amid a broad selloff in equity and commodity markets and just over a week before Chief Executive Officer Darren Woods is scheduled to present the oil explorer’s long-term …

Source: Houston Chronicle

Exxon Mobil’s profits fall in third quarter

Source: Houston Chronicle


Exxon Mobil Corp. profits fell in the third quarter, the company reported Friday.

The Irving, Texas-based oil major reported a third-quarter net profit of $3.17 billion, little more than half the profit the company reported in the …

Alaska Is the Biggest Bet Yet for Texas’s Anti-Shale Oil Billionaire

Alaska Is the Biggest Bet Yet for Texas’s Anti-Shale Oil Billionaire

From Bloomberg


Hildebrand gained fortune buying old, conventional oil assets, bet may be timely as investors begin to sour on shale

Texas oilman Jeffery Hildebrand became a billionaire by shunning the shale revolution taking place in his home state. Now, …

Source: SEACOR

Galveston Company Enters Race to Supply IMO 2020 Fuels

From The Houston Chronicle


With a massive shift in the marine fuel market just months away from implementation, a Galveston fuel storage operator says it plans to operate a 50,000 barrel a day crude processing facility to meet new stricter …

Source: ExxonMobil

ExxonMobil Partners with Carbon Capture Company

By Tyler Losier, Energy Reporter, Oil & Gas 360

ExxonMobil partners with Mosaic Materials in order to pursue carbon capture technology
ExxonMobil (stock ticker: XOM), an international oil and gas supermajor, has partnered with Mosaic Materials, a chemicals and engineering

Paal Kibsgaard (source: Schlumberger Limited)

Former Schlumberger CEO Recommended for Chairman Role at Borr Drilling

By Tyler Losier, Energy Reporter, Oil & Gas 360

Borr Drilling board of directors recommends appointment of Paal Kibsgaard as chairman
The board of directors for Borr Drilling Limited (stock ticker: BORR), an international drilling contractor based out of Bermuda,

Texas Shale Towns Grapple with Growth as Oil-Bust Fears Fade

Texas Shale Towns Grapple with Growth as Oil-Bust Fears Fade

From Reuters


In west Texas, the center of the U.S. oil boom, about 3,800 students at Permian High School are crammed into a campus designed for 2,500, with 20 portable buildings to help with the overflow.

School officials had expected …

Chevron Starts Burying CO2 off Australia at Huge Gorgon Storage Project

Chevron Starts Burying CO2 off Australia at Huge Gorgon Storage Project

From Reuters


Chevron Corp (CVX.N) said on Thursday it has launched one of the world’s largest carbon capture and storage projects, injecting CO2 into a deep reservoir under an island off Western Australia at its Gorgon LNG project.

The carbon …

Japan LNG Buyers Talk Tough as Spot Prices Drop to 3-Year Lows

Japan LNG Buyers Talk Tough as Spot Prices Drop to 3-Year Lows

From Reuters


An inexorable decline in spot market prices for liquefied natural gas (LNG) is pushing utilities in Japan to be more aggressive in price reviews built into traditional long-term contracts linked to oil prices, lawyers and analysts said.

The …

Source: Ithaca Energy Limited

Exxon Mobil Profit Sinks, Chevron Rises as Both Boost Output

From Reuters


Weaker second-quarter refining and chemicals profits offset surging U.S. shale production at U.S. oil majors Exxon Mobil Corp (XOM.N) and Chevron Corp (CVX.N), the two reported on Friday.

Exxon’s topped analysts’ reduced estimates for the quarter but net …

Texas County Sues Exxon Over Air Pollution from Petrochemical Fire – Official

Texas County Sues Exxon Over Air Pollution from Petrochemical Fire – Official

From Reuters


Harris County, Texas sued Exxon Mobil Corp on Thursday over pollution from a fire a day earlier at the company’s Baytown Olefins Plant, according to an attorney for the county.

The fire was being investigated by federal and …

Texas Shale Pioneers Struggle to Appease Investors

Texas Shale Pioneers Struggle to Appease Investors

From Reuters


Seven years ago, Diamondback Energy Inc went public with a modest parcel of drillable land in the Permian Basin of West Texas.

Like dozens of other Permian startups, the firm then pursued a classic wildcatter’s strategy – borrowing …

Source: Wintershall Dea

Wintershall Partners with ConocoPhillips in Argentina’s Vaca Muerta

By Tyler Losier, Energy Reporter, Oil & Gas 360

German E&P Wintershall Dea teams up with ConocoPhillips to develop Argentina’s Neuquén Basin
Wintershall Dea, a German-based E&P with a global asset portfolio, has signed a sales and purchase agreement (SPA)

Permian Producers May Need to Spend More or Consider Mergers

Permian Producers May Need to Spend More or Consider Mergers

From The Houston Chronicle


As the sweet spots of the booming Permian Basin are drilled, oil companies will need to either spend more money or consider mergers and acquisitions to keep up their crude production volumes, according to the energy …

How Big is Saudi Aramco?

How Big is Saudi Aramco?

By Tyler Losier, Energy Reporter, Oil & Gas 360


The staggering size of Aramco: Saudi Arabia’s state-owned oil company

In 1933, the government of Saudi Arabia signed a concession agreement with the Standard Oil Company of California, creating an entity …

Canadian Oil Companies See Output Cuts Easing as Rail Capacity Grows

Canadian Oil Companies See Output Cuts Easing as Rail Capacity Grows

From Reuters


Major Canadian oil companies, which publicly disagreed over the Alberta government’s forced curtailments this year, are in lockstep over how to end the production limits and reinvigorate the battered industry.

Senior executives from Suncor Energy, Canadian Natural Resources, …

Source: Alaska Gasline Development Corporation

Draft EIS Released for $43 Billion Alaska LNG Project

By Tyler Losier, Energy Reporter, Oil & Gas 360

Alaska Gasline Development Corporation receives FERC input for large proposed gas export project
Last Friday, the Federal Energy Regulatory Commission (FERC) published its draft environmental impact statement (EIS) for Alaska Gasline

Source: W&T Offshore

W&T Offshore Enters $200 Million PSA

By Tyler Losier, Energy Reporter, Oil & Gas 360

W&T Offshore to purchase Gulf of Mexico interests from ExxonMobil for $200 million
W&T Offshore, Inc. (stock ticker: WTI), a Houston-based independent E&P, has entered into a sales and purchase agreement

Source: Converge Midstream

Converge Midstream Beats Exxon, Magellan

By Tyler Losier, Energy Reporter, Oil & Gas 360

Riverstone Credit-backed company adds 6.5 million barrels of crude storage capacity
Converge Midstream LLC, a crude oil storage and transportation company backed by Riverstone Credit Partners, has completed the acquisition of

Vaca Muerta Basin Gets Green Light from Oil Major

Vaca Muerta Basin Gets Green Light from Oil Major

ExxonMobil to proceed with long-term development, two-phase attack in South American shale play
Tuesday morning, ExxonMobil (stock ticker: XOM) announced its plans to proceed with the long-term development of its assets in the Vaca Muerta basin in Argentina’s Bajo del

Exxon Initiates New PSA, Seeks to Increase Production from Angola’s Block 15

Exxon Initiates New PSA, Seeks to Increase Production from Angola’s Block 15

By Tyler Losier, Energy Reporter, Oil & Gas 360

Partnership seeks to redevelop offshore asset
ExxonMobil (stock ticker: XOM) has entered into a production sharing agreement with Angola’s recently established National Agency for Petroleum, Gas and Biofuels in order to

ExxonMobil backs LNG imports to world’s biggest exporter

ExxonMobil backs LNG imports to world’s biggest exporter

From Reuters


BRISBANE (Reuters) – Imports of liquefied natural gas (LNG) to Australia – the world’s biggest LNG exporter – now appear “highly realistic” as the country struggles to fill a looming gas shortage, U.S. energy giant Exxon Mobil Corp …

Exxon Mobil Staff Evacuation from Iraq ‘Unacceptable’: Oil Minister

Exxon Mobil Staff Evacuation from Iraq ‘Unacceptable’: Oil Minister

60 foreign employees were reportedly evacuated from West Qurna 1 oilfield

From Oil and Gas Middle East

Iraq’s Oil Minister Thamir Ghadhban has called the evacuation of Exxon Mobil staff from the nation “unacceptable and unjustified,” according to Reuters. He …

May 20, 2019 - 3:23 pm Closing Bell Story‎, Energy News, International
Liquefied Natural Gas Plant, Australia

Exxon Investing $2 Billion In Baytown, Texas, Chemical Plant Expansion

From Reuters

Exxon Mobil Corp plans to invest an additional $2 billion in a three-year expansion project at its Baytown, Texas, chemical complex, the company said on Thursday.

Exxon will add a plant producing 400,000 tons of polymers a year …

May 2, 2019 - 5:10 pm Closing Bell Story‎, Energy News
Exxon Adds 7 Million Net Acres Offshore Namibia

Exxon Adds 7 Million Net Acres Offshore Namibia

Exploration activities to commence in 2019

ExxonMobil reported it will increase its exploration acreage in Namibia with the addition of approximately 7 million net acres (28,000 square kilometers) following the signing of an agreement with the government of Namibia and …

ExxonMobil Adds 4.5 Billion Barrels to Proved Reserves

ExxonMobil Adds 4.5 Billion Barrels to Proved Reserves

ExxonMobil Adds 4.5 Billion Barrels to Reserves

ExxonMobil to Restructure Upstream Business by April 1

ExxonMobil to Restructure Upstream Business by April 1

ExxonMobil centralizing via four new companies
The world’s largest publicly-traded integrated oil company, ExxonMobil, is retooling its upstream business to support its corporate plan to double operating cash flow and earnings by 2025.

“We’re simplifying and integrating our upstream organization

January 31, 2019 - 5:19 pm Closing Bell Story‎, Oil and Gas 360 Articles