Mobil Cepu News

 

Petronas, Exxon to Explore CCS Opportunities in Malaysia

Nov 09, 2021

Malaysia's state energy firm, Petroliam Nasional Berhad (Petronas), said on Tuesday it has partnered with a Malaysian unit of Exxon Mobil Corp to jointly explore opportunities in carbon capture and storage (CCS) technologies in a bid to decarbonize the country's upstream industry…

Pertamina, ExxonMobil Exploring Carbon Capture Storage in Indonesia

Nov 02, 2021

Indonesian state-owned oil and gas company PT Pertamina and American energy giant Exxon Mobil Corp signed an agreement on Tuesday to look at ways to use carbon capture storage (CCS) in the Southeast Asian country.A memorandum of understanding…

Spurred by Offshore Oil Discoveries, Guyana's Economy to Grow 500% by 2030

Aug 19, 2021

Guyana's economy is expected to expand by 500% by 2030 as companies continue to plumb its offshore oil and gas reserves, a government official said on Wednesday.The small South American country has become one of the world's oil exploration hotspots…

Swiger to Retire from ExxonMobil after 43 Years. Mikells to Become SVP, CFO

Jul 19, 2021

Andrew Swiger, senior vice president of Exxon Mobil Corporation, has announced his intention to retire effective September 1, after more than 43 years of service. The board of directors has elected Kathryn Mikells, a former executive with Diageo…

Collab in Sight? Turkey Shares Data on Giant Black Sea Gas Find with ExxonMobil, Chevron

Jun 11, 2021

Turkey has shared data on its Black Sea discovery with U.S. energy majors Chevron and Exxon Mobil ahead of possible cooperation in extracting the gas, a Turkish official with knowledge of the matter told Reuters.Ankara has so far insisted it…

Exxon Mobil Relinquishes Stake in Ghana Offshore Block

Jun 04, 2021

Exxon Mobil has relinquished its 80% interest in Ghana’s Deepwater Cape Three Points offshore block, a spokesman told Reuters on Thursday.“Exxon Mobil is prioritizing near-term capital spend on the most advantaged assets with the lowest cost…

Guyana's First Offshore Oil Field Now at Full Output Capacity, President Says

Mar 17, 2021

Guyana's President Irfaan Ali said on Wednesday that the first phase of the Liza offshore crude project had achieved its intended full production capacity of around 130,000 barrels per day (bpd).Ali told the Guyana Basins Summit that he expected…

ExxonMobil's Total Oil and Gas Reserves Drop by a Third

Feb 25, 2021

ExxonMobil's global oil and gas reserves tumbled by a third last year as the COVID-19 pandemic slammed global oil prices and demand, the company said on Wednesday.The largest U.S. oil producer is reeling from the sharp decline in oil demand…

ExxonMobil to Lay Off 1,900 Employees in U.S.

Oct 29, 2020

The U.S. oil major ExxonMobil said Thursday it would reduce its workforce in the U.S. by around 1,900 employees.The company said that its management offices in Houston, Texas will primarily be affected by the announced workforce reductions.ExxonMobil said it expected around 1…

Exxon Mobil to Keep Dividend Flat for First Time Since 1982

Oct 29, 2020

Exxon Mobil Corp on Wednesday kept its fourth-quarter dividend flat at 87 cents a share, signaling 2020 will be the first year since 1982 that the U.S. oil producer has not raised its shareholder payout.The largest U.S. oil producer by volume…

Chevron’s Market Value Surpasses Exxon's for the First Time

Oct 08, 2020

Chevron’s market value leapfrogged that of Exxon Mobil for the first time on Wednesday during a week in which it closed a $4.1 billion, all-stock deal for Noble Energy, a smaller oil and gas producer.Chevron’s market cap ended the day around $142 billion…

Exxon to Lay Off 1600 Workers in Europe

Oct 05, 2020

U.S. oil giant Exxon Mobil said on Monday it plans to reduce its European workforce by up to 1,600 across the company's affiliates by the end of 2021 as part of its global review.Exxon said country-specific cuts will depend on the oil major's local business footprint and market conditions…

COVID-19 Hits Indonesia's 1H 2020 Oil and Gas Liftings

Jul 17, 2020

Indonesia's oil and gas lifting in the first half of this year was lower than targeted as the coronavirus pandemic continued to dampen demand, the chairman of regulator SKK Migas said Friday.Oil lifting in January to June stood at 713,300 barrels per day (bpd) while gas lifting stood at 5…

US Oil Companies Monitor Gulf of Mexico Storm

Jun 02, 2020

U.S. oil companies are monitoring the first tropical storm of the 2020 Atlantic hurricane season to threaten the offshore oil patch in the U.S.-regulated northern Gulf of Mexico.Royal Dutch Shell Plc, BP Plc, Chevron Corp , Exxon Mobil Corp…

Guyana Received $4.9M in Oil Royalties in 1Q

May 26, 2020

Guyana received $4.9 million in royalty payments for oil production at the offshore Stabroek block in the first quarter, the finance ministry said on Monday, a period that included the South American country's first crude exports.The crude produced…

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