Qatar Petroleum will become a 30% equity holder in two ExxonMobil affiliates which hold shale assets onshore Argentina.
Exxon Mobil's chairman and chief executive steadfastly argued the nation's largest energy company can continue to grow its global oil and gas operations while reducing carbon emissions and helping to combat climate change.
For generations of investors, Exxon Mobil Corp. has been a cornerstone of fund managers’ portfolios alongside the biggest names in corporate America. Not so much any more.
Liberian President George Weah ordered a probe into Exxon Mobil Corp.’s 2013 deal for drilling rights off the coast of the West African nation, according to his office.
Exxon Mobil Corp.’s attempt to derail a multistate fraud investigation into the company’s public comments about climate change flamed out in a New York court.
Guyana's story shares many similarities with the story of the ugly duckling. One of the poorest countries in South America, it has historically been entirely dependent on oil imports. In the past three years though, Guyana has sprung up as one of the hottest oil spots in the region, with ExxonMobil alone accounting for seven hydrocarbon discoveries in one single exploration block, Stabroek. However, the pace of discoveries will only highlight the deficiencies of the Guyana's political system, and there remains a serious risk that these world-class finds might be jeopardized by politics, either by means of renegotiating commercial terms or by bringing legislative powers to a painful impasse. By anybody's yardstick, the achievements of ExxonMobil and its partners (Hess, CNOOC) in the Guyanese offshore block of Stabroek (6.6 million acres or 27 000km2) have surpassed expectations. Almost every exploration well adds new barrels to the already hefty 4 billion barrels of recoverable reserves found in the area, a trend that is bound to continue over the next months. So far only one exploratory well turned out to be dry (Skipjack-1), whilst the following discoveries were made:
Exxon Mobil's senior vice president, Mark Albers, will retire at the end of this month after more than 38 years of service.
Exxon Mobil Corp.’s $19 billion liquefied natural gas export project in Papua New Guinea may remain shut for six weeks after an earthquake rocked the country’s remote highlands, which are home to the venture’s upstream gas supplies, according to UBS Group AG.
Hess Corporation today announced a seventh oil discovery offshore Guyana, following drilling at the Pacora-1 exploration well.
Exxon Mobil Corp. shut its liquefied natural gas export plant in Papua New Guinea after an earthquake in the Pacific nation’s remote highlands cut supplies from the company’s upstream fields.
Wall Street wants answers from Exxon Mobil Corp.
After suffering through the worst crisis in a generation, Norway’s oil industry is now back on its feet.
New York's mayor has announced that the city has field a lawsuit against five oil majors to help protect the city from climate change.
Exxon Mobil Corp. has asked a Texas federal judge to allow it to depose California municipal government officials who sued it and other oil companies over the threat of rising sea levels to their jurisdictions.
For Big Oil, the U.S. tax overhaul is turning out to be a mixed bag, especially for companies that drill overseas.
ExxonMobil Corporation today announced the sixth oil discovery off the coast of Guyana since 2015 from its Ranger-1 well.
Texas oil giant Exxon Mobil is opening its first gas stations in Mexico this week as the nation's largest oil company works to become a major Mexican fuel supplier.
Many of the largest oil and gas drillers operating in the US will voluntarily reduce emissions of methane, a potent greenhouse gas, even as the Trump administration takes steps to to roll back existing environmental regulations targeting those emissions.
Crude may still be languishing near $50, but Big Oil is on track to rejoin the world’s corporate elite by squeezing more cash from each barrel.
The Oil and Gas Authority (OGA) has once again released new data in an effort to attract and incentivise North Sea exploration.
Oil supermajors including Shell have no plans to return controversial Super Puma helicopters to service in the North Sea.
Secretary of State Rex Tillerson reminisced fondly about his 41-year career with Exxon Mobil Corp. as he accepted an award on Sunday from the World Petroleum Council honoring his “outstanding contribution to the oil and gas industry.”
Exxon Mobile has been given consent to extend the lifetime of its Sigyn field activities.
The supermajors are signalling the oil industry's return to the Gulf of Mexico's deep waters.
Exxon Mobil Corp. may have lost as much as a year’s worth of emails that former chief executive officer Rex Tillerson used to discuss climate change risks and other sensitive issues under the alias ‘Wayne Tracker,’ a lawyer for New York state has told a judge.