Investors call on ExxonMobil to set out climate targets
A number of investors have called on ExxonMobil, the world’s largest oil and gas company, to set targets for reducing greenhouse gas (GHG) emissions.
ExxonMobil
ExxonMobil hikes Guyana reserve estimates 25% after new discovery
Exxon Mobil and Hess Corp. said Monday they've increased their reserve estimates offshore of Guyana by 25 percent after making a 10th discovery in the region.
Drilling success for Malaysian duo at UK North Sea cluster
A new central North Sea sidetrack well has come up trumps for Malaysian firm Hibiscus Petroleum and its partner.
Exxon to use wind, solar power to produce crude oil in Texas
Exxon Mobil Corp. will use renewable energy to produce oil in West Texas.
Chevron, Exxon ‘weighing bids’ for Endeavor Energy
Chevron Corp. and Exxon Mobil Corp. are among the companies considering first-round bids this month for closely held oil producer Endeavor Energy Resources LP, according to people with knowledge of the matter.
Exxon’s $2bn Canada move shows confidence when others flee
Almost two years after Exxon Mobil Corp. removed billions of barrels of oil-sands crude from its reserves, its Imperial Oil Ltd. unit is investing again, saying low Canadian crude prices that scared off the other majors make it a perfect time to build.
Exxon boss says size doesn’t matter in M&A
The world’s biggest public energy company doesn’t worry about size when it comes to potential deal-making.
Oil majors churn out cash and (mostly) hand it back to investors
Oil companies saw soaring profits during the third quarter as they emerge worst-in-a-generation crude slump. The main takeaway is that while results are mostly above or in line with expectations, it’s getting harder to impress investors, even with large buybacks.
Guyana trade mission jets into Aberdeen this month
A trade mission from Guyana will visit Aberdeen later this month to foster business links with north-east oil and gas companies.
ExxonMobil posts highest quarterly cash flow since 2014 as prices strengthen
US oil major ExxonMobil today reported its highest quarterly cash flow since 2014 as crude and natural gas prices strengthened.
Exxon sued by New York AG over climate change
The New York Attorney General filed a lawsuit against Exxon Mobil, claiming the Texas-based oil giant had misled investors about its readiness to tackle the financial challenges climate change posed to their business.
TechnipFMC picked for Liza 2 subsea system delivery
Oil field services giant TechnipFMC has been awarded a contract by ExxonMobil for the engineering of the subsea system for the proposed Liza Phase 2 project off Guyana.
Russia to offer ExxonMobil new projects amid looming US sanctions
Russia has started discussions with Exxon Mobil Corp. over possible new oil and gas projects, potentially creating a dilemma as the U.S. government mulls more sanctions against the country.
Australian oil sector ‘on cusp’ of Piper Alpha-like disaster, says union safety rep
An Australian trade unionist and safety representative currently locked in a David vs. Goliath battle with an oil giant has warned that his country is “on the cusp” of a disaster similar to Piper Alpha.
Shell LNG deal could mean ‘mega-projects are back’, Woodmac says
Shell's decision to sanction a£23 billion Canadian LNG project could signal the return of "mega-projects", an analyst has said.
Exxon Mobil finishes one phase of massive Beaumont expansion
Exxon Mobil has completed a nearly $500 million refining expansion at its Beaumont campus with plans for much more oil refining and plastics growth to come at the complex.
Goldman sees Exxon, Chevron following Europeans into renewables
Big U.S. oil companies like Exxon Mobil Corp. and Chevron Corp., which have lagged their European rivals in venturing into renewable energy, are likely to increasingly make room for cleaner energy in their portfolios, said Goldman Sachs Group Inc.
Aberdeen to seize opportunity in Guyana’s emerging oil sector
A new event will be launched this year looking at opportunities for Aberdeen firms within Guyana’s fledgling oil and gas industry.
Exxon moves ahead on China projects as trade tensions simmer
Exxon Mobil Corp., the U.S. energy behemoth, signed deals to move ahead on a proposed multibillion-dollar petrochemical project and a gas import terminal in southern China, contrasting with trade tensions between the two nations that may escalate this week.
Tailwind completes acquisition of Triton stakes from Shell, Exxon
North Sea newcomer Tailwind Energy has completed a deal to buy Shell and ExxonMobil’s stakes in the Triton cluster.
Stena aiming for lengthy stay in Guyana after major discovery for Exxon
Aberdeen-headquartered Stena Drilling expects to have a presence in Guyana “at least through 2019” thanks to a successful campaign for ExxonMobil.
Stena delivers Hammerhead for Exxon
Aberdeen-headquartered Stena Drilling has struck oil for ExxonMobil and its partners at its Hammerhead-1 well off the coast of Guyana.
ExxonMobil tell New York to ‘Put Up Or Shut Up’ on climate
Exxon Mobil Corp. told a judge that New York’s attorney general should either sue the company for misleading investors about the financial impact of climate change, or close its probe and move on.
ExxonMobil planning $1.9bn expansion at Baytown complex
ExxonMobil is planning a $1.9 billion expansion at its Baytown petrochemical complex.
Exxon must face class-action suit over climate-change accounting
Exxon Mobil Corp. must face a lawsuit by investors who blamed a drop in the company’s shares on the disclosure that regulators were scrutinizing its reserve accounting related to climate change.