ExxonMobil

ExxonMobil and Global Thermostat to Advance Breakthrough Atmospheric Carbon Capture Technology

Jun 27, 2019 – 09:00 a.m. EDT ExxonMobil and Global Thermostat said today that they have signed a joint development agreement to advance breakthrough technology that can capture and concentrate carbon dioxide emissions from industrial sources, including power plants, and the atmosphere. The companies will evaluate the potential scalability of Global Thermostat’s carbon capture technology for large industrial use. If technical readiness and

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ExxonMobil Wins Three Blocks in Argentina Offshore Bid Round

Apr 16, 2019 Adds approximately 2.6 million net acres to upstream holdings in Argentina Acquisition builds on existing Argentina presence in the Neuquén Province Initial offshore work program consists of 3-D seismic data acquisition Dateline: IRVING, Texas Public Company Information: NYSE: XOM IRVING, Texas–(BUSINESS WIRE)–ExxonMobil has increased holdings in Argentina after its subsidiary ExxonMobil Argentina Offshore Investments B.V. and an affiliate

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ExxonMobil Invests in Singapore Integrated Complex to Upgrade Product Slate to Higher-Value Lube Base Stocks, Distillates

Apr 2, 2019 The expansion project uses proprietary technologies to increase yields of higher-value products Integrated downstream and chemical investment enhances site competitiveness Construction to begin in second half of 2019, startup anticipated in 2023 Dateline: IRVING, Texas Public Company Information: NYSE: XOM IRVING, Texas–(BUSINESS WIRE)–ExxonMobil said today that it has made a final investment decision on a multi-billion dollar expansion

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ExxonMobil Provides $300,000 to Support Relief Efforts in Mozambique Following Cyclone Idai

Funding will be provided to the Red Cross and other agencies to assist with disaster relief efforts ExxonMobil employees, contractors reported safe Mar 19, 2019 – 01:30 p.m. EDT Dateline: IRVING, Texas Public Company Information: NYSE: XOM IRVING, Texas–(BUSINESS WIRE)–ExxonMobil said today that it is providing $300,000 to aid agencies to support disaster relief and recovery efforts in Mozambique following Cyclone

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ExxonMobil to develop Australian West Barracouta gas project

13 December, 2018 US supermajor ExxonMobil has made a final investment decision to develop the West Barracouta gas field to bring new gas supplies to the Australian domestic market. The project, located in the VIC/L1 Block offshore Victoria, is part of the company’s continuing investment in the Gippsland Basin. The US major recently completed front-end engineering design work for the

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ExxonMobil adds 71,500 acres to its Brazil deepwater portfolio

02 October, 2018 Independent US oil and gas giant ExxonMobil has increased its holdings in Brazil’s pre-salt basins after it won the Titã Block with co-venturer Qatar Petroleum during Brazil’s 5th pre-salt bid round. The block awarded adds more than 71,500 net acres to the ExxonMobil portfolio, expanding the company’s total position in the country to approximately 2.3m net acres.

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Equinor, ExxonMobil Rack Up More Brazilian Pre-Salt Acreage

07 June 2018 Topics: Asset/portfolio management Offshore Brazil’s active 4th pre-salt round took place before a full house in Rio De Janeiro. Source: Brazil’s National Petroleum Agency. Brazil ExxonMobil Equinor Petrobras pre-salt Equinor secured interests in two of three blocks awarded 7 June during Brazil’s 4th pre-salt bid round, further expanding its footprint in the growing offshore province alongside ExxonMobil,

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Equinor, ExxonMobil & Galp complete transactions in block BM-S-8 in Brazil

June 6, 2018 08:00 CEST Photo from the closing ceremony: Alberto Sampaio De Almeida (left) (Petrogal Operations Manager), Luis MiguelPereira (Petrogal Country Manager), Veronica Rezende Coelho (Equinor Vice President) and Carla Lacerda (Exxon Country Manager). (Photo: Guilherme Botelho) Equinor and its partners in the Carcará North block, ExxonMobil and Galp, have closed their transactions in neighbouring block BM-S-8 as announced

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Gazprom signs Guiding Principles to reduce methane emissions across natural gas value chain

Gazprom signed the Guiding Principles on Reducing Methane Emissions across the Natural Gas Value Chain. In November 2017, the document was inked by such companies as BP, Eni, ExxonMobil, Repsol, Shell, Statoil, Total, and Wintershall. By signing the document, Gazprom made a commitment to further reduce methane emissions from the Company’s facilities and encourage other market participants across the natural gas value chain – from production to the final

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ExxonMobil Exits Russian Ventures, Continues Success off Guyana

02 March 2018 Topics: Arctic/extreme environments Asset/portfolio management Drilling Offshore The Pacora-1 well off Guyana was drilled by the Stena Carron drillship to 5,597 m in 2,067 m of water. Source: Stena Drilling. oil discoveries guyana arctic Russia offshore ExxonMobil Leaving partner Rosneft, ExxonMobil will no longer be involved in exploration and development in the Kara, Laptev, Chukchi, and Black Seas

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ExxonMobil makes seventh offshore Guyana oil discovery

01 March, 2018 US oil major ExxonMobil has announced its seventh oil discovery offshore Guyana, following drilling at the Pacora-1 exploration well in the Stabroek Block. The firm discovered around 20 metres of high-quality, oil-bearing sandstone reservoir. The well was drilled to a depth of 5,597 metres in 2,097 metres of water. The Pacora-1 well discovery, located close to the

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Operators Utilize Early, Strategic Planning for Successful Decommissioning

Topics: Decommisioning/site remediation Facilities planning and maintenance Offshore Hosting a variety of marine life, the High Island A389A gas production platform sits within the East Flower Garden Bank National Marine Sanctuary roughly 100 miles south of the Texas-Louisiana border. Source: National Oceanic and Atmospheric Administration (NOAA). ExxonMobil Reefing decommissioning Noble FieldWood Offshore operators that fail to properly prepare for decommissioning

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Hess Announces Seventh Oil Discovery Offshore Guyana

02.28.2018 Hess Announces Seventh Oil Discovery Offshore Guyana Pacora-1 well encounters approximately 65 feet of high-quality, oil-bearing sandstone Pacora resources to be integrated into third phase of development; will help bring Guyanaproduction to more than 500,000 barrels of oil per day Further drilling on the Stabroek Block planned in 2018 NEW YORK–(BUSINESS WIRE)–Feb. 28, 2018– Hess Corporation (NYSE:HES) today announced

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ExxonMobil Plans to Triple Permian Output

Matt Zborowski, Technology Writer | 30 January 2018 Topics: Drilling Onshore Production and well operations An XTO Energy-operated rig in the Delaware Basin. Source: XTO Energy. Bolstered in part by recent cuts in the US corporate tax rate, ExxonMobil plans to triple its production from the Permian Basin of West Texas and southeastern New Mexico to 600,000 BOE/D by 2025,

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Norway’s Record Offshore License Award Attracts Major Operators

Stephen Whitfield, Senior Staff Writer | 17 January 2018 The Transocean Spitsbergen semisubmersible was recently contracted to drill several Statoil developments in the North Sea. Statoil recently received 31 licenses on the Norwegian continental shelf as part of the APA 2017 round. Norway’s energy ministry awarded a record 75 offshore oil exploration licenses in the North Sea, Norwegian Sea, and

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Shell’s Penguins Redevelopment a Step Forward in North Sea Revival

Matt Zborowski, Technology Writer | 16 January 2018  Topics: Offshore Projects, facilities & construction Topsides/floating production systems Shell has selected the Sevan 400 FPSO concept for redevelopment of Penguins field. The new circular unit will mirror the Western Isles FPSO deployed by Dana Petroleum in the northern North Sea. Source: Dana Petroleum. UKCS FPSO North Sea Shell Royal Dutch Shell

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R&D Remains Critical Despite a Down Market

Joel Parshall, JPT Features Editor | 12 January 2018 Despite the down market of the past several years, technology research and development (R&D) remains critical to the future of the oil and gas industry, said researcher Erika Biediger of ExxonMobil in a presentation to the SPE Gulf Coast Section R&D study group in Houston. Some important technology advances have

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ExxonMobil announces sixth oil discovery offshore Guyana

08 January, 2018 US supermajor ExxonMobil has confirmed that it has made its sixth oil discovery offshore Guyana since 2015. Its Ranger-1 exploration well’s positive results adds to previous discoveries at Liza, Liza Deep, Payara, Snoek and Turbot in the Stabroek Block, which are estimated to hold more than 3.2bn barrels of recoverable oil-equivalent. ExxonMobil affiliate Esso Exploration and Production

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Eni Italy sells its 25% shares in Mozambique LNG block to ExxonMobil

14 December, 2017 US oil major ExxonMobil has completed a deal to acquire a 25% stake in Mozambique’s gas-rich Area 4 block from Italy’s Eni. Eni will continue to lead the Coral floating LNG project and all upstream operations, while ExxonMobil will take responsibility for midstream operations leading the construction and operation of all future natural gas liquefaction and related

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