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Oil & Gas Trade
ExxonMobil Exit Delay Threatens Baghdad’s Oil Future
Disagreements prompting the delay to ExxonMobil's exit from Iraq's West Qurna 1 field could have longer-term ramifications for Iraq's upstream oil and gas secto…
Oil Exploration
Exxon and Its Partners Log New Discovery at Longtail-3 Offshore Guyana
ExxonMobil announced a discovery at Longtail-3 in the Stabroek Block offshore Guyana.
Video: Expect a Big Rebound in Global Energy Demand in 2021
Oil prices have broken through $50 a barrel for the first time since February, and Big Oil stocks have seen a bounce with Exxon up 44% from its year low and Che…
Oil Field
Exxon, Equinor Invest $8 Billion In Developing Oilfield Off Brazil
Norway’s Equinor and U.S. supermajor ExxonMobil have reached the final investment decision to develop the Bacalhau oilfield in Brazil’s prolific pre-salt area…
Oil Exploration
Exxon Quits Deepwater Oil Project In Ghana
Exxon is leaving a deepwater prospect in Ghana after seismic work failed to produce good enough results.
Oil & Gas Trade
Nigeria Inks Massive Oil Deal With Supermajors
Nigeria’s National Petroleum Corporation this week signed a deal with Shell, Exxon, Total, and Eni to develop an offshore oil block that includes the deepwater…
Energy Subsidies
Dutch Govt Grants $2.4 billion in Subsidies to Huge Carbon Storage Project
Shell and Exxon requested the subsidies in January together with industrial gas suppliers Air Liquide and Air Products
CCS
ExxonMobil Pitches $100bn Houston Carbon Capture Hub
ExxonMobil is seeking federal support to develop a "hub" that could capture all of the CO₂ emissions from refineries and industrial facilities along the Housto…
Oil&Gas Drilling
ExxonMobil Nearly Ready to Start up Guyana FPSO Compressor
Oil major ExxonMobil is preparing to start up a gas compressor on SBM Offshore’s Liza Destiny FPSO, operating offshore Guyana, this week following a technical …
Oil Exploration
Exxon and Chevron CEOs Discussed Potential Merger
Talks were "preliminary" and are not ongoing, but could be rekindled later.
Oil&Gas Drilling
ExxonMobil Hits Another Dry Hole Offshore Guyana
ExxonMobil hit a dry hole for the second time in two months offshore Guyana.
Carbon Neutral
Exxon Reveals Full Scope of Fuel Emissions for First Time
Oil giant has come under pressure from activist investors.
Oil & Gas Trade
ExxonMobil and Vopak Sign MoU for South Africa’s LNG Feasibility
Affiliates of Exxon Mobil Corporation and Royal Vopak (Vopak) have signed a Memorandum of Understanding to work together on a feasibility study to assess the co…
Carbon Emissions
Exxon Pledges to Reduce Emissions, but the Details Suggest Nothing Has Changed
Under investor pressure, the company retreated from its refusal to join other oil giants in pledging reductions, with a plan that suggests it will continue busi…
Paris Climate Agreement
Oil Giant Exxon Commits to Emissions Reductions in Line with Paris Agreement
U.S. oil giant Exxon Mobil is setting short-term targets to reduce its greenhouse gas emissions over the next five years as the company responds to investor and…
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