Exxon Mobil announces new Guyana discovery as first production looms
Exxon Mobil said Monday it made another discovery offshore of Guyana, increasing its potential resource base as first production looms in early 2020.
ExxonMobil
Oil firms face rising threat of government sanctions
Oil and gas companies face an increasing risk of government investigations and significant financial penalties if they do not take appropriate steps to comply with international sanctions measures.
Exxon Mobil reportedly selling Norwegian North Sea assets for £3.2bn
Exxon Mobil is reportedly finalizing the sale of its Norwegian North Sea assets to a Norway firm backed by Italy's Eni and private equity funding for about $4 billion (£3.2bn), according to Reuters and Norwegian media.
ExxonMobil loses US case against NNPC over Erha
A US court has ruled in favour of Nigerian National Petroleum Corp. (NNPC), dismissing ExxonMobil-led claims that sought to extract $1.799 billion plus interest.
ExxonMobil to ‘explore’ CCS with new agreement
US oil and gas giant ExxonMobil has said it will look to "explore" the carbon capture and storage (CCS) through a new agreement with a chemical and engineering firm.
Premier Oil pressing on with projects during M&A ‘summer lull’
Premier Oil’s boss said yesterday that the company had lots to get on with in the North Sea without feeling the need to “chase acquisitions”.
Five-year plan to reduce flaring at Mossmorran ‘unacceptable’
A pledge by Mossmorran operators to reduce unplanned flaring within five years has been branded unacceptable by Scotland’s environmental watchdog.
Exxon’s $2bn UK business ‘attractive’, but Shell alignment needed, analyst says
ExxonMobil's UK North Sea assets are an "attractive" proposition due to their low running costs, an analyst has said amid speculation the US major is trying to sell the portfolio.
Exxon considering sale of UK North Sea assets – report
ExxonMobil is considering a sale of its North Sea assets as it focusses on US shale production, according to a news report.
ExxonMobil to be investigated over flaring at Mossmorran plant
An oil and gas giant has cancelled a planned visit by an MSP to its Mossmorran site while an investigation takes place, the Scottish Greens have said.
Three oil bosses in ‘best CEO’ top five
Three oil and gas bosses have appeared in a list ranking the top chief executives in world business.
Guyana’s plans to raise oil royalties could ‘diminish attractiveness’
Guyana’s plans to raise oil and gas royalties may “diminish attractiveness” to future investors, according to new analysis.
Exxon’s loss in European court could boost carbon market
ExxonMobil’s loss in a court case in Europe may translate into a gain for carbon prices in the continent’s emissions trading system.
Exxon Mobil invests in Global Thermostat carbon capture technology
Exxon Mobil is investing in a new carbon-capture technology firm that aims to economically suck emissions out of the sky near power plants and other large industrial sources.
ExxonMobil’s Norway exit could break records, Rystad says
US supermajor ExxonMobil could be looking to fetch as much as $3.1 billion through the sale of its Norwegian portfolio, according to Rystad Energy.
Updated: Exxon seeks bidders for Norwegian business, report says
US oil giant ExxonMobil is weighing up the sale of its Norwegian business, a news report said.
Key Exxon shareholder starts divesting over climate change
One of Exxon Mobil Corp.‘s largest shareholders, Legal & General Group Plc, has divested 19 of its funds from the company and will ask its clients if it can withdraw more money, saying the oil and gas producer isn’t adequately addressing climate change.
Guyana election heightens political risk for offshore operators
Guyana is due to hold a general election later this year that could have a significant bearing on the country’s emergence as a new oil frontier.
Anger as flaring begins again at Mossmorran
Communities are again enduring a day of intense flaring and vibration from the Fife Ethylene Plant at Mossmorran.
ExxonMobil authorises Argentina expansion in ‘Dead Cow’ shale
ExxonMobil is moving forward with a major effort to develop at least 90 wells in Argentina's onshore shale.
Exxon investors attempt to wrestle away dual role from chairman-CEO
Exxon Mobil beat back mounting pressure to split the chairman and chief executive positions, and dismantle a structure that dates back decades and has seen the explorer through oil embargoes, war, currency crises and nationalisations.
Guyana investigating offshore oil leases controlled by Exxon, Tullow
Guyana’s anti-corruption agency is investigating how exploration rights were awarded in the world’s biggest new deepwater oil region, including those now controlled by Exxon Mobil Corp. and Tullow Oil Plc.
Iraq says Exxon Evacuation of staff is `unacceptable’
The evacuation of some Exxon Mobil Corp. workers is “unacceptable and unwarranted” because it has nothing to do with the security situation in southern Iraq, according the country’s energy minister.
Shell to spend $1.5bn on UK decommissioning through to 2025
Shell is expected to spend $1.5bn (£1.152bn) on decommissioning in the North Sea over the next six years, according to a new forecast.
North Sea oil and gas firms ‘more engaged’ for energy transition, top academic claims
Oil and gas firms based in the North Sea are "better engaged" with the energy transition than their US rivals, according to a top academic.