S&P swings downgrade axe on energy majors amid transition
S&P Global Ratings has downgraded its outlook for a number of energy majors, driven by concerns around the energy transition and pressure on profitability.
ExxonMobil
Exxon lifts Nigeria force majeure
Mobil Producing Nigeria (MPN) has lifted force majeure on its exports from Qua Iboe.
Updated: Neo Energy enters exclusive talks with ExxonMobil over North Sea portfolio
Oil and gas firm Neo Energy has entered into exclusive negotiations over the purchase of ExxonMobil's UK central and northern North Sea portfolio.
Green power to the people
After a truly challenging 2020, hopefully 2021 will offer something to look forward to.
Exxon SEC probe highlights concerns over inflated shale reserves
The Securities and Exchange Commission has been largely silent on the financial wreckage of the U.S. shale industry in recent years, but that may be about to change.
UK North Sea exploration well tipped as ‘one to watch’ in 2021 by Westwood Global
An oil and gas market researcher has highlighted a UK North Sea exploration well expected to be drilled this year by Shell as “one to watch”.
Strohm bags pipe testing contract with Total and ExxonMobil
Strohm has secured a contract with Total and ExxonMobil to trial high pressure, high temperature thermoplastic composite pipe (TCP).
Exxon holds back on technology that could slow climate change
Elk and pronghorn antelope migrate each fall through southern Wyoming, where the sparsely vegetated landscape slowly gives way to the foothills of the Rocky Mountains. Interrupting this serene vista is a dense web of steel pipes, tanks, and pumps owned by Exxon Mobil Corp.
Drilling restarts on Coral Sul FLNG
The Area 4 partners in Mozambique have resumed drilling on the Coral Sul project, according to regulator Instituto Nacional de Petróleo (INP).
Exxon signals historic fourth consecutive loss on demand hit
Exxon Mobil Corp., which is struggling to maintain a $15 billion-a-year dividend program, indicated it incurred a fourth straight quarterly loss.
Oil and gas leopards changing their spots to focus on investor returns
More oil and gas firms are “pivoting” their business models towards shareholder returns and away from high risk and reward exploration, an analyst has said.
A bright future for the Guyana economy post-Covid
ABIS Energy is passionate about Guyana. We have been engaged with the Guyana economy for the past 4 years and foresee a bright future.
Exxon worker dies in Qua Iboe fire, force majeure declared
An ExxonMobil employee has died following a fire at the Qua Iboe Terminal in Nigeria.
Exxon, Vopak consider LNG plans for South Africa
ExxonMobil and Royal Vopak have signed a memorandum of understanding (MoU) on a potential LNG regasification terminal in South Africa.
Energy Voice’s essential Guyana Playbook is now available
Guyana is the world’s most exciting frontier oil and gas exploration area. There’s a lot of oil, it’s good quality and it’s relatively cheap to produce. It has attracted a host of major players, including Hess, CNOOC, Total, Repsol, Qatar Petroleum, Tullow and, above all, ExxonMobil.
Exxon sets new emissions goals following investor criticism
Exxon Mobil Corp. announced new emissions targets and plans to publish data on pollution stemming from its products just days after activist investors criticized the oil giant’s environmental record.
Petronas scores Suriname find
Petronas has made a first discovery offshore Suriname, in Block 52, at the Sloanea-1 exploration well.
Chase money, not demand, activist tells Exxon
Engine No. 1 has launched a campaign taking ExxonMobil to task on its performance and raising the possibility of a move into new energies.
Chevron CEO vows higher returns, lower carbon to revive Big Oil
Fresh from overtaking ExxonMobil as North America’s biggest oil company, Chevron has a “simple promise” to investors: higher returns and lower carbon.
HitecVision ’emerging as frontrunner’ to buy ExxonMobil UK North Sea assets
HitecVision AS is emerging as the frontrunner to acquire Exxon Mobil Corp.’s oil assets in the U.K. North Sea, according to people familiar with the matter.
ExxonMobil to take biggest writedown in modern history
ExxonMobil is about to incur the biggest writedown in its modern history as what was once an exemplar of American capitalist might shudders under the weight of debilitated energy markets.
CNPC, CNOOC mull deal for Exxon’s Iraq oilfield stake
China’s oil giants China National Petroleum Corp. and CNOOC Ltd. are considering acquiring Exxon Mobil Corp.’s remaining stake in an oilfield in Iraq, which could fetch at least $500 million, according to people familiar with the matter.
Non-commercial discovery for Exxon at deepest Guyana well
The Tanager 1 well is a non-commercial discovery, on a standalone basis.
Oil RenAIssance: Big Oil is tapping Big Tech once more
Renewable energy technologies and the use of big tech within the oil and gas sector have been accelerated due to the COVID-19 outbreak.
Update: Shell seizes Impact opportunity in South Africa
Shell is entering Impact Oil and Gas’ Transkei and Algoa exploration right offshore South Africa, shortly after the exit of ExxonMobil and Equinor.