ExxonMobil, working with the National Center for Supercomputing Applications (NCSA), has achieved a major breakthrough with proprietary software using more than four times the previous number of processors used on complex oil and gas reservoir…
Following news that ExxonMobil chairman and CEO Rex Tillerson has been nominated by US President-elect Donald Trump to lead the US State Department, ExxonMobil has announced that Tillerson will step down and Darren Woods will succeed Tillerson in both positions…
Supermajor ExxonMobil and independent Oil Search have taken stakes in two deepwater licenses offshore Papua New Guinea, in the southwest Pacific. The move will see the two firms each take a 40% stake in the PPL 373 and PPL 375 licenses from Gini Energy…
ExxonMobil has started oil production at its US$4 billion Julia oil field in the Gulf of Mexico with the first production well currently online, and a second well set to start production in the coming weeks, the supermajor announced. Image…
As ExxonMobil decreases its capital spending budget this year by 25%, the supermajor looks to start up 10 new upstream projects between now and 2017 that will see its production capacity increase. Tillerson…
ExxonMobil added 1 billion boe of proved oil and gas reserves in 2015 for a total of 24.8 billion boe that was a result of new developments, and a significant discovery offshore Guyana. Image from ExxonMobil…
ExxonMobil has released Mobil Serv Lubricant Analysis, a new mobile-enabled used oil analysis service, in the US and Canada. The service streamlines the used oil analysis process, from initial sample gathering to final reporting. Specifically…
ExxonMobil has chosen Darren W. Woods to be president and a member of the company's board of directors, effective 1 January 2016. Woods is currently senior vice president of the corporation. Rex W. Tillerson will continue his roles of chairman of the board and CEO…
ExxonMobil reports that it signed a memorandum of understanding with the Korea Institute of Energy Technology Evaluation and Planning and the Korea Gas Corp. (Kogas) to hold discussions concerning natural gas technologies and new energy technologies…
An oil industry consortium that includes BP and ExxonMobil suspended a Canadian arctic exploration program in the Beaufort Sea region due to insufficient time to begin test drilling before its lease expires in 2020, according to Seeking Alpha…
Guyana's president, David Granger, says he has assured ExxonMobil that exploration work at the company's recent oil discovery off the Guyana coast will not be interrupted, despite Venezuela’s recent revival of a century-old claim on 66% of Guyana’s territory…
ExxonMobil confirmed a significant oil discovery on the Stabroek Block found 120mi offshore Guyana. The well, spud on 5 March 2015, was drilled by ExxonMobil affiliate, Esso Exploration and Production Guyana, and encountered more than…
ExxonMobil started oil production at the Kizomba Satellites Phase 2 subsea development project off Angola. The Kizomba B FPSO. From BP. Phase 2 of Kizomba is a subsea infrastructure development of the Kakocha…
ExxonMobil has been awarded a production sharing contract (PSC) for Block EG-06 by the government of Equatorial Guinea. The contract was signed between ExxonMobil Exploration and Production Equatorial Guinea (Offshore), GEPetrol and the Government of the Republic of Equatorial Guinea…
ExxonMobil began production at its deepest subsea tie-back, Hadrian South in the deepwater Gulf of Mexico. Image from ExxonMobil. Hadrian South is located about 230mi offshore in the…
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