(Exxon Mobil, 13.Jul.2023) â Exxon Mobil Corporation (NYSE: XOM) entered into a definitive agreement to acquire Denbury Inc. (NYSE: DEN), an experienced developer of carbon capture, utilization and storage (CCS) solutions and enhanced oil recovery. The acquisition is an all-stock transaction valued at $4.9bn, or $89.45 per share based on ExxonMobilâs closing […]
Tag: ExxonMobil Corp.
Heard: Petronas Spuds Well Offshore Suriname
(Energy Analytics Institute, 4.Nov.2020) â Malaysia-based Petronas and US-based ExxonMobil have commenced drilling of an exploratory well offshore Suriname in Block 52, according to sources close to Energy Analytics Institute (EAI). Prior to the start of summer, Petronasâ Vice President of Exploration Emeliana Rice-Oxley said the company would drill a […]
ConocoPhillips Swoops On Concho In $9.7bn Deal
(WoodMac, 19.Oct.2020) â Speaking after ConocoPhillips announced it will take over Concho Resources in a $9.7 billion all-stock deal, Robert Clarke, vice president, Lower 48 upstream, at Wood Mackenzie, said: âThe combination is remarkable. Just in regards to scale, ConocoPhillips is adding enough Permian production to nip at the heels […]
Former Alberta Premier To Head Payara Review
(CBC News, 16.Aug.2020) â Former Alberta Premier Alison Redford will head a team of consultants in a review of oil giant Exxon Mobil’s proposed Payara oil well in the South American country of Guyana, the country’s natural resources ministry announced in a statement on Saturday. “It will be important to […]
ExxonMobil Holding Out For Approval Of Payara Project
(Stabroek News, 13.Aug.2020) â On the heels of President Irfaan Aliâs announcement on Tuesday that the Payara project approval will have to wait on an international oil expertâs assessment and advice, ExxonMobil last night said that delays will reduce the value of the project and that more than a year […]
Suriname Closes Oil Drilling Deal For Later This Year
(Stabroek News, 10.Jul.2020) â Having gone almost entirely unnoticed in the global oil & gas industry for decades, both Guyana and neighbouring Suriname are now claiming their respective shares of the global spotlight. With the US company ExxonMobil having begun to recover and export oil from the now well-known Stabroek […]
Exxon Could Delay Third Guyana Project
(Reuters, 7.Apr.2020) â Exxon Mobil Corp said on Tuesday the start of production at its Payara project in Guyana, its third major development in the world’s newest offshore oil hotspot, could be delayed as the company scales back spending due to the crude price crash. Payara’s startup had been slated […]
Can Guyana Survive Striking It Rich?
(Bloomberg, Mac Margolis, 5.Nov.2019) â Early last month, Guyanese President David Granger was knees-down in a community garden brandishing a spade. Granger was there to plant a tree â it was National Tree Day â but also an idea. âDonât let us get drunk. Let us remain sober,â he told the […]
Argentina’s Opposition Primary Win May Put Energy Investment On Hold
(S&P Global Platts, 12.Aug.2019) â Argentina’s leading opposition coalition, a left-wing populist alliance that ruled the country from 2003-15, swept the national primaries Sunday, putting it in the running to win the October 27 general election and damp investment in the oil and natural gas sector. Frente de Todos, led […]
Oil Cos, Service Providers Establish Footholds In Guyana
(Stabroek News, 22.Apr.2019) â Since ExxonMobilâs oil discoveries offshore Guyana, a number of global oil majors and oil support companies have established their presence here, with local offices and other facilities secured through leases or acquisitions. After its initial 2015 find and subsequent major discoveries, ExxonMobil announced plans to be […]