Exxon Neftegas News

 

Exxon Raises Guyana's Oil Production

Feb 06, 2024

A consortium led by Exxon Mobil Corp which controls all oil production in Guyana is pumping about 645,000 barrels per day (bpd) in the South American country, up from about 400,000 bpd in late 2023, the U.S. producer said at a press conference on Tuesday…

Exxon's CEO Sets Ambitious Agenda on Tight Timeline

Dec 05, 2023

Exxon Mobil CEO Darren Woods' first five years at the oil company were marred by missed oil production targets, an investor rebellion and the company's biggest-ever financial loss.Redemption came this year when - aided by a share price pumped…

Exxon, Hess Exit Kaieteur Offshore Oil Exploration Block in Guyana

Sep 28, 2023

U.S. oil producers ExxonMobil and Hess Corp have withdrawn from exploring the Kaieteur block in Guyana’s deepwaters, Exxon said on Thursday, after disappointing exploration results.The exit comes as the producers focus on their larger and highly productive Stabroek block…

No Restart for ExxonMobil's California Offshore Platforms as Judge Upholds Tanker Trucks Ban

Sep 28, 2023

A U.S. judge on Wednesday refused to overturn a California county's decision to block Exxon Mobil Corp from using tanker trucks to ship crude oil from coastal facilities to inland refineries while a ruptured pipeline is fixed.U.S. District Judge…

Exxon Proposes Sixth Oil Project in Guyana for $12.9 Billion

Aug 21, 2023

Exxon Mobil Corp and partners plan to spend $12.93 billion to develop their sixth offshore oil project in Guyana, according to a filing published on Monday by the South American country.The floating production platform for the so-called Whiptail…

Exxon-Led Group Earned Nearly $6 Billion in Guyana Last Year

May 25, 2023

Exxon Mobil and two partners earned $5.8 billion last year from offshore oil production in Guyana, according to audited results filed in an appeal of a court ruling that found them in breach of insurance obligations.The filing is the first disclosure of 2022 profits Exxon…

Exxon Rebuts Proxy Advisor, Says Net Zero Emissions Scenario 'Unlikely'

May 19, 2023

Exxon Mobil Corp has pushed back against investors pressing the largest U.S. oil producer to report on the risks to its business from restrictions on greenhouse gas emissions and potential environmental disasters. In a reply on Wednesday to proxy advisor Glass Lewis…

Exxon Mobil Approves $12.7B Uaru Offshore Oil Project in Guyana

Apr 28, 2023

Exxon Mobil Corp and its partners have approved a $12.7 billion investment for their fifth and most expensive offshore oil project in Guyana, the U.S. firm said in a statement.The project called Uaru will produce up to 250,000 barrels of oil…

Exxon Mobil Ends Brazil Offshore Oil Hunt after Third Failed Attempt - WSJ

Apr 05, 2023

Exxon Mobil has ended a major campaign to find oil in Brazil, the Wall Street Journal reported on Wednesday, citing people familiar with the matter. The oil and gas giant has stopped current drilling at the offshore acreage it started snapping up with partners for $4 billion in 2017…

Exxon Considers Selling Stake in LNG Terminal Offshore Italy

Mar 16, 2023

Exxon Mobil Corp is considering selling its majority stake in Italy's main regasification terminal as part of a wider strategy to divest from non-core assets, the company said in a statement on Wednesday. The Rovigo liquefied natural gas (LNG)…

Exxon Exits Russia Empty-handed with Oil Project 'Unilaterally Terminated'

Oct 18, 2022

Exxon Mobil Corp said on Monday that it left Russia completely after President Vladimir Putin expropriated its properties following seven months of discussions over an orderly transfer of its 30% stake in a major oil project.  Exxon did not say if it received any compensation for the assets…

Exxon's Russian Oil Output Collapsed after Rejecting Local Tanker Insurance

Oct 17, 2022

Oil output at the giant Exxon-led Sakhalin-1 Russian Pacific project collapsed following the U.S. major's refusal to accept local insurance for tankers after Western insurers pulled out due to sanctions, several industry sources told Reuters…

Putin Orders Seizure of Exxon-led Sakhalin 1 Oil and Gas Project

Oct 09, 2022

Russian President Vladimir Putin signed a decree on Friday that establishes a new operator for the Exxon Mobil Corp-led Sakhalin-1 oil and gas project in Russia's Far East.Putin's move affecting Exxon's largest investment in Russia mimics a…

Exxon Boosts Guyana Oil Output, Undecided on Future Auction Bid - source

Sep 20, 2022

Exxon Mobil Corp is uncertain whether it will bid for new offshore areas Guyana wants to explore, a person close to the matter said, as the oil major ramps up production faster than expected and the South American country wrestles with fixing terms of new oil leases…

Exxon, Chevron Post Blowout Earnings, Oil Majors Bet on Buybacks

Aug 01, 2022

The two largest U.S. oil companies, Exxon Mobil Corp and Chevron Corp, posted record revenue on Friday, bolstered by surging crude oil and natural gas prices and following similar results for European majors a day earlier.The U.S. pair, along with UK-based Shell and France's TotalEnergies…

Current News

TotalEnergies Starts Up Two Subsea Tie-Back Projects in Angola

TotalEnergies Starts Up Two Su

Dong Fang Offshore Orders Huisman Cable Lay System

Dong Fang Offshore Orders Huis

Expro Launches Advanced BRUTE Tool for Deepwater Wells

Expro Launches Advanced BRUTE

Lamprell Picks Ventherm’s Robotic Solution for Offshore Wind Transition Pieces

Lamprell Picks Ventherm’s Robo

Subscribe for OE Digital E‑News

 
Offshore Engineer Magazine