Ocean LNG Leads in Contracted Capacity
Ocean LNG has dominated in terms of long-term liquefied natural gas (LNG) import volumes for contracts signed by key purchasing companies for the year 2019, with almost 47% of the global contracted capacity.According to a report by GlobalData…
SBM Wins ExxonMobil Guyana FPSO Order
Dutch-based floating production, storage and offloading unit (FPSO) provider SBM Offshore has won a contract to deliver an FPSO for ExxonMobil’s second phase of the Liza development offshore Guyana.Esso Exploration and Production Guyana Limited (EEPGL)…
QP, Exxon to Build $10B LNG Plant in Texas
Exxon Mobil and Qatar Petroleum announced a final decision to finance a $10 billion-plus project to export liquefied natural gas (LNG) from the Texas Gulf Coast.Construction of the Golden Pass LNG export project located in…
ExxonMobil Announces Oil Discovery Offshore Guyana
Exxon Mobil Corporation announced its sixth oil discovery offshore Guyana since 2015, following positive results from its Ranger-1 exploration well. The Ranger-1 well discovery adds to previous discoveries at Liza, Payara…
Exxon Blasts NY Prosecutor's Climate Probe as 'Reckless'
New York Attorney General Eric Schneiderman has requested more materials from the oil producer as part of an ongoing probe that has already reviewed nearly 3 million documents. The attorney general, who also wants to interview Exxon employees…
ExxonMobil Earns $7.8 Bi in 2016
Exxon Mobil Corporation today announced estimated 2016 earnings of $7.8 billion, or $1.88 per diluted share. An asset recoverability review was completed in the fourth quarter and resulted in a U.S. Upstream asset impairment…
ExxonMobil Makes New Discovery Onshore Papua New Guinea
Exxon Mobil Corporation (NYSE:XOM) today announced a new natural gas discovery in the Papua New Guinea North Highlands, 13 miles (21 kilometers) northwest of the Hides Gas Field. Interest owners are ExxonMobil (42.5 percent)…
ExxonMobil Makes Gas Discovery in Papua New Guinea
Exxon Mobil Corporation announced a new natural gas discovery in the Papua New Guinea North Highlands, 21 kilometers northwest of the Hides Gas Field. Interest owners are ExxonMobil (42.5 percent), Oil Search Limited (37.5 percent) and Barracuda Limited…
Outlook for Energy: A View to 2040 - ExxonMobil
Global population growth of nearly 2 billion, a doubling of worldwide economic output and rapid expansion of the middle class in emerging economies are all expected to contribute to energy demand growth of about 25 percent from 2015 to 2040…
Changes in ExxonMobil’s Top Deck
Tom Walters, president, ExxonMobil Production Company, has announced his intention to retire after more than 38 years of service. Neil Duffin, currently president of ExxonMobil Development Company, has been appointed by the…
ExxonMobil Announces Oil Discovery Offshore Nigeria
Exxon Mobil Corporation announced a discovery with a potential recoverable resource of between 500 million and 1 billion barrels of oil on the Owowo field offshore Nigeria. The Owowo-3 well, which was spud on September 23…
Ebner to Replace Balagia as V.P. and General Counsel, ExxonMobil
Jack Balagia, vice president and general counsel, Exxon Mobil Corporation (NYSE:XOM), has announced his intention to retire effective Nov. 1, 2016, after more than 18 years of service. It is anticipated that the board of…
Milton to Replace Retiring Kelly, President, ExxonMobil
Alan Kelly, president of ExxonMobil Fuels, Lubricants & Specialties Marketing Company, has announced his intention to retire effective Aug. 1, 2016, after more than 34 years of service. It is anticipated that the board of…
Angela Braly Elected to ExxonMobil Board
Exxon Mobil Corporation shareholders have elected Angela Braly to its board of directors. Including Braly, the ExxonMobil board now stands at 14 directors, 12 of whom are non-employee directors. Braly is the former chairman…
ExxonMobil 1Q Profits Plunge 63%
* Earnings of $1.8 billion decreased 63 percent from the first quarter of 2015. * Earnings per share were $0.43 assuming dilution. * Cash flow from operations and asset sales was $5 billion, including proceeds associated with asset sales of $177 million.
ExxonMobil Starts Production in GoM's Julia Field
Oil production has started ahead of schedule at the Julia oil field in the Gulf of Mexico, Exxon Mobil Corporation said today. The first production well is now online and a second well will start production in the coming weeks.
ExxonMobil Announces 2015 Reserves Additions
Exxon Mobil Corporation today added 1 billion oil-equivalent barrels of proved oil and gas reserves in 2015, replacing 67 percent of production, including a 219 percent replacement ratio for crude oil and other liquids. At year-end 2015…
ExxonMobil increases Permian position with new deals
Exxon Mobil Corporation today announced it has executed two agreements to obtain horizontal development rights in 48,000 acres in the core of the Midland Basin. The two agreements include an acquisition and farm-in adjoining…
Cohen Retires from ExxonMobil, McCarron to Takeover
Ken Cohen, vice president, Public and Government Affairs, Exxon Mobil Corporation, has announced his intention to retire effective Jan. 1, 2016, after more than 38 years of service. It is anticipated that the board of directors will elect Suzanne McCarron as vice president…
Woods Promoted at Exxon Mobil Corporation
Darren W. Woods has been elected president of Exxon Mobil Corporation and a member of the board of directors, effective January 1, 2016. The election of Woods, who is currently senior vice president of the corporation, was…
