Statoil, Exxon make new gas discovery offshore Tanzania
Norway’s Statoil and its US-based partner Exxon Mobil today announced that the Giligiliani-1 exploration well has resulted in a new natural gas discovery offshore Tanzania. The discovery of an...
View ArticleRussia: Energy Minister hopes Exxon exit won’t affect offshore ops
Exxon Mobil has stopped its joint Kara Sea drilling operations with Rosneft due to the sanctions imposed by the West. According to Reuters, Russian Energy Minister Alexander Novak today said he hoped...
View ArticleRosneft to continue Arctic exploration with or without Exxon, CEO says
Igor Sechin, CEO of Russian oil giant Rosneft, has said that the company will continue its Arctic drilling operation with or without ExxonMobil. According to Reuters, Sechin today said: “We will...
View ArticleReuters: ExxonMobil in talks over Ivory Coast offshore blocks
Ivory Coast is working to wrap up Production Sharing Contracts for two offshore blocks with the U.S. oil company Exxon Mobil. According to Reuters, the West African country’s energy ministry official...
View ArticleExxonMobil, COPL ‘committed’ to Liberian deal
Canadian Overseas Petroleum Limited along with its partner, ExxonMobil, remain committed to completing their work program and obligations under the LB 13 amended and restated Production Sharing...
View ArticleReuters: No Kara Sea drilling for Rosneft this year
Russian oil giant Rosneft will not be resuming its Kara Sea operations, offshore Russia’s north this year, Reuters has reported. The company in partnership with ExxonMobil in September last year made...
View ArticleExxon 4Q earnings down 21 pct. Full year in line with 2013
Exxon Mobil Corporation has today said its fourth quarter 2014 earnings were $6.6 billion, down from $8.4 billion in the fourth quarter of 2013. That is a drop of 21 percent. Lower oil prices in the...
View ArticleExxon Mobil reduces 2015 capex by 12%
U.S. oil giant Exxon Mobil today said it expects its capital expenditure for 2015 will be $34 billion in 2015 – 12 percent less than in 2014. The company further said that annual capital and...
View ArticleDW: Supermajors’ Q1 earnings to be ‘weakest in recent memory’
Despite major cost reduction measures, Q1 2015 earnings for supermajors are expected to be the weakest in recent memory, Douglas Westwood, an energy intelligence group writes in its “DW Monday” report....
View ArticleWorleyParsons, Exxon resolve Arkutun Dagi dispute
WorleyParsons has reached a settlement of a dispute with Exxon Mobil Corporation, as operator for, and on behalf of, the Sakhalin-1 Consortium in Russia. The settlement resolves a dispute pertaining to...
View ArticleExxonMobil elects new board member
US oil giant ExxonMobil has announced that Angela Braly has become the new member of its board of Directors. ExxonMobil said in a press release on Wednesday that with the election of Braly, the former...
View ArticleExxon taps SBM Offshore for Liza FPSO job
ExxonMobil has awarded a contract to SBM Offshore to supply an FPSO unit for its giant Liza discovery offshore Guyana. According to ExxonMobil, this floating production storage and offloading vessel...
View ArticleExxon makes another discovery offshore Guyana
U.S. oil giant Exxon Mobil is at it again. The company on Thursday announced “positive results” on the Snoek well offshore Guyana, confirming a new – third – discovery on the Stabroek Block. Drilling...
View ArticleSNC-Lavalin wins long-term work at Hibernia, Hebron platforms
SNC-Lavalin has won a long-term contract for the inspection services aboard the Hibernia and Hebron offshore platforms in Canada. The contract, awarded by Hibernia Management & Development Company...
View ArticleU.S. Treasury: No Russia waiver for Exxon
Oil behemoth ExxonMobil will not get a permission from the U.S. to drill in the Russian part of the Black Sea. To remind, some parts of Russia have been off limits for the U.S. oil companies due to the...
View ArticleVIDEO: Origins and future production plans for Guyana’s oil
Guyana, the only South American nation with English as the official language, has, as of recently, come into the energy media spotlight, after the discovery of oil in the country’s Stabroek Block....
View ArticleRussia, Exxon settle Sakhalin-1 dispute
Russian authorities have signed a settlement agreement with ExxonMobil, settling a dispute regarding the Sakhalin-1 project at the Russian Far East. In a statement on Thursday, the Russian Finance...
View ArticleExxon keeps drilling, Guyana keeps giving
U.S. oil major ExxonMobil on Thursday announced it made a fifth new oil discovery after drilling the Turbot-1 well offshore Guyana. Turbot adds to Exxon’s previous discoveries at Liza, Payara, Snoek...
View ArticleStone Energy buys Ram Powell field in Gulf of Mexico
Stone Energy has completed the acquisition of the Ram Powell Unit, and related assets in the U.S. Gulf of Mexico, from Shell, ExxonMobil, and Anadarko.
View ArticleSBM Offshore: Liza 2 would be our largest capacity FPSO ever
Dutch FPSO suppliers SBM Offshore is awaiting the Liza 2 field sanction in Guyana so it can start building its largest ever FPSO by capacity.
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