(ExxonMobil, 2.Nov.2023) — Exxon Mobil Corporation (NYSE: XOM) has closed its acquisition of Denbury Inc. (NYSE: DEN) in an all-stock transaction valued at $4.9bn, or […]
Tag: ExxonMobil
Guyana Greenlights Oil Drilling in Waters Claimed by Venezuela
(AFP, 27.Oct.2023) — The new find, as well as some of the drilling concessions, are in a disputed area whose possible annexation Venezuela is putting to a […]
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ExxonMobil Announces 3Q:23 Results [PDF Downloads]
(ExxonMobil, 27.Oct.2023) — Exxon Mobil Corporation announced third-quarter 2023 earnings of $9.1bn, or $2.25 per share assuming dilution. Cash flow from operations was $16bn, up […]
Big Oil: Upstream M&A Gets Serious
(WoodMac, 26.Oct.2023) — ExxonMobil’s and Chevron’s belief in the durability of upstream could hardly be better demonstrated by the game-changing acquisitions of two flagship US […]
Welligence says Hess Corporation gives Chevron Atlantic margin exposure
PANAMA CITY, PANAMA (Energy Analytics Institute, 23.Oct.2023, Words: 203) — US-based Chevron Corporation will acquire Hess Corporation for $60bn (including net debt), the second giant […]
ExxonMobil Purchase of Pioneer Creates World’s First Megamajor
(WoodMac, 12.Oct.2023) — Addressing ExxonMobil’s purchase of Pioneer Natural Resources, Tom Ellacott, senior vice president of Corporate Research for Wood Mackenzie said, “We predicted several […]
ExxonMobil Announces $59.5bn Merger with Pioneer in an All-Stock Deal
(ExxonMobil, 11.Oct.2023) — ExxonMobil Corporation (NYSE: XOM) and Pioneer Natural Resources (NYSE: PXD) jointly announced a definitive agreement for ExxonMobil to acquire Pioneer. The merger is […]
Head of Exxon’s Shale Business Faces Sexual Assault Charge in Texas
(Reuters, 8.Oct.2023) — The head of Exxon Mobil‘s shale oil and gas business, a unit involved in merger talks with rival Pioneer Natural Resources, was arrested at […]
EAI’s NRGBriefs: Sep. 2023
(Energy Analytics Institute, 30.Sep.2023) — Energy briefs as well as others related to finance and projects during Sep. 2023 including Petrobras saying that in regards […]
Exxon, Hess Exit Kaieteur Offshore Oil Exploration Block in Guyana
(Reuters, 28.Sep.2023) — U.S. oil producers Exxon Mobil (XOM.N) and Hess Corp (HES.N) have withdrawn from exploring the Kaieteur block in Guyana’s deepwaters, Exxon said on Thursday, after disappointing […]
Guyana Receives Bids for Eight Blocks, Including from Exxon, Total
(Reuters, 13.Sep.2023) — Guyana has received offers for eight of 14 offshore oil and gas blocks in a bidding round, including from consortiums of oil […]
EAI’s NRGBriefs: Aug. 2023
(Energy Analytics Institute, 31.Aug.2023) — Energy briefs as well as others related to finance and projects during August 2023 including Petrobras commenting on divestment process […]
Guyana’s Oil Boom Grabs Bigger Share of European Market
(Reuters, 23.Aug.2023) — Guyana has gained a larger share of Europe’s oil market this year, vessel monitoring data showed, driven by rising output by a […]
Exxon Proposes Sixth Oil Project in Guyana for $12.9 Billion
(Reuters, 21.Aug.2023) — Exxon Mobil Corp (XOM.N) and partners plan to spend $12.93 billion to develop their sixth offshore oil project in Guyana, according to a filing […]
Exxon Mobil Wants its Piece of Citgo
(USA Today, 17.Aug.2023) — The transnational Exxon Mobil, along with 19 other creditors, registered their claims against Venezuela before a court in the United States, […]
Guyana not interested in joining OPEC, VP says
(Reuters, 26.Jun.2023) — Nascent oil producer Guyana is not interested in joining the Organization of the Petroleum Exporting Countries (OPEC), Guyanese Vice-President Bharrat Jagdeo said on Monday, […]
Guyana Postpones Offshore Auction to mid-August
(Reuters, 16.Jun.2023) — Guyana will postpone by about one month its first offshore oil blocks auction as the country finalizes new terms of the country’s oil and […]
Nucor Enters Into CCS Agreement with ExxonMobil
(Nucor, 1.Jun.2023) — Nucor Corporation (NYSE: NUE) signed an agreement with ExxonMobil to capture, transport, and store carbon from the company’s direct reduced iron (DRI) plant […]
MODEC’s Uaru FPSO Proceeds to EPCI Phase
(MODEC, 8.May.2023) — MODEC, Inc. will proceed with engineering, procurement, and construction on the Uaru Floating Production, Storage, and Offloading (FPSO) vessel following a final investment decision […]
SBM Offshore Inks Deal for its Guyana FPSO Fleet
(SBM, 2.May.2023) — SBM Offshore has signed a 10-year Operations and Maintenance Enabling Agreement with Esso Exploration & Production Guyana Ltd (aka “ExxonMobil Guyana”) for […]
Exxon Mobil not Quitting Exploration in Brazil
(Reuters, 1.May.2023) — Exxon Mobil Corp (XOM.N) is not giving up on oil exploration in Brazil, the company’s country chief Alberto Ferrin said on Monday during the […]
ExxonMobil Advances Fifth Offshore Guyana Development
(ExxonMobil, 27.Apr.2023) — ExxonMobil made a final investment decision for the Uaru development offshore Guyana after receiving required government and regulatory approvals. The company expects […]
Sintana Updates on VMM-37 Joint Contract with ExxonMobil
(Sintana Energy, 18.Apr.2023) — Sintana Energy Inc. (TSXV: SEI OTCQB: SEUSF) reports that ExxonMobil sent Patriot Energy Oil and Gas Inc., a subsidiary of the […]
Majors Capex Guidance Update
(Energy Analytics Institute, 23.Feb.2023) — “Despite bumper profits, the peer group is guiding towards $118bn in total investment in 2023, up just 4% on last […]
Mexico Pacific to Sell LNG from Sonora Export Plant to Exxon Mobil
(Reuters, 7.Feb.2023) — Mexico Pacific said that a unit of Exxon Mobil Corp had agreed to buy liquefied natural gas from the Mexican company’s proposed […]
EAI’s NRGBriefs: Jan. 2023
(Energy Analytics Institute, 31.Jan.2023) — Energy briefs as well as others related to finance and politics during January 2023 including Trinidad and Tobago Prime Minister […]
ExxonMobil Awards FEED for World’s Largest Low-carbon Hydrogen Facility
(ExxonMobil, 30.Jan.2023) — ExxonMobil announced the next step in the development of the world’s largest low-carbon hydrogen production facility with a contract award for front-end […]
ExxonMobil to Divest Interest in Esso Thailand
(Exxon, 11.Jan.2023) — ExxonMobil has reached an agreement with Bangchak Corporation to sell its interest in Esso Thailand that includes the Sriracha Refinery, select distribution […]
Guyana: From Backwater to Deepwater
(Foreign Policy, 16.Dec.2022) — Most South American economies have grown sluggishly this year. But Guyana has been an outlier—both in the region and the world […]
Saipem Awarded Deals for $1.2bn in Guyana, Egypt
(Saipem, 15.Dec.2022) — Saipem has been awarded new contracts in Guyana and Egypt for a total amount of approximately $1.2bn. In Latin America: Guyana The first […]
ExxonMobil Reveals Corporate Plan 2027
(Exxon, 8.Dec.2022) — ExxonMobil today announced its corporate plan for the next five years, with a sizeable increase in investments aimed at emission reductions and […]
Exxon Mobil Raises CEO, Top Executives Base Pay
(Reuters, 5.Dec.2022) — Exxon Mobil Corp is raising the annual base salaries of its top boss and other executives for next year, the largest U.S. […]
bp Begins Shipping LNG from Mozambique’s First LNG Project
(bp, 14.Nov.2022) — bp has successfully loaded the first LNG cargo from Mozambique’s offshore Coral Sul FLNG facility, the country’s first LNG project and first floating LNG facility […]
Mozambique’s First LNG Cargo Departs from Coral Sul FLNG
(Eni, 13.Nov.2022) — Eni, as Delegated Operator of the Coral South project on behalf of its Area 4 Partners (ExxonMobil, CNPC, GALP, KOGAS and ENH), […]
MODEC Awarded FEED Contract for ExxonMobil’s “Uaru” Project in Guyana
(MODEC, 1.Nov.2022) — MODEC, Inc. signed a contract to perform Front End Engineering and Design (FEED) for a Floating Production, Storage and Offloading vessel (FPSO) […]
Energy Analytics Institute’s NRGBriefs: October 2022
(Energy Analytics Institute, 31.Oct.2022) — Energy briefs as well as others related to finance and politics during October 2022 including US President Joe Biden congratulating […]
QatarEnergy and ExxonMobil to Independently Market Golden Pass LNG
(ExxonMobil, 27.Oct.2022) — QatarEnergy and ExxonMobil agreed to independently market LNG produced at their joint venture Golden Pass LNG Terminal in Sabine Pass, Texas. By […]
ExxonMobil Reveals Two New Guyana Finds
(ExxonMobil, 26.Oct.2022) — ExxonMobil announced two discoveries at the Sailfin-1 and Yarrow-1 wells in the Stabroek block offshore Guyana, adding to its extensive portfolio of […]
Hess Announces Two More Discoveries Offshore Guyana
(Hess, 26.Oct.2022) — Hess Corporation (NYSE: HES) today announced two new discoveries at the Yarrow-1 and Sailfin-1 wells on the Stabroek Block offshore Guyana. The discoveries, which […]
ExxonMobil to Divest Billings Refinery to Par Pacific Holdings
(ExxonMobil, 20.Oct.2022) — ExxonMobil and its affiliates have reached an agreement with Par Pacific Holdings for the sale of the Billings refinery and select midstream […]
Guyana Opens Tender for its First Oil Refinery
(Reuters, 17.Oct.2022) — Guyana has called for proposals to design, finance and build a 30,000-barrel-per-day (bpd) oil refinery, the first for the South American country […]
Exxon Boosts Guyana Oil Output, Undecided on Future Auction Bid
(Reuters, 20.Sep.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 […]
Llano-6 Well, Gulf of Mexico, Achieves First Production
(Hess, 13.Sep.2022) — The Llano-6 well in the Gulf of Mexico delivered first production on 4 Augustm 2022. The well is a tieback to Shell’s […]
Gas-to-energy project supports Guyana’s use of its natural resources
(Hess, 3.Aug.2022, Words: 446) — Hess, ExxonMobil and CNOOC – co-venture partners on the Stabroek Block – recently finalized an agreement with the Government of […]
TechnipFMC awarded significant contract for gas-to-energy project in Guyana
HOUSTON, TEXAS (Editors at Energy Analytics Institute, 1.Aug.2022) — TechnipFMC has been awarded a significant contract by ExxonMobil affiliate, Esso Exploration and Production Guyana Limited, for the gas-to-energy […]
New Oil Power Guyana to Surpass US Offshore by 2035
(Forbes, 28.Jul.2022) — As the Biden administration focuses on its efforts to end new leasing and drilling for oil and gas in the Gulf of […]
TechnipFMC Says 2Q:22 Subsea Inbound Orders Were $1,928mn
(TechnipFMC, 27.Jul.2022) — TechnipFMC plc announced subsea inbound orders were $1,928mn for the second quarter of 2022. Book-to-bill in the period was 1.4. The following […]
Subsea 7 and Van Oord Consortium Inks Contract Offshore Guyana
(Subsea 7, 27.Jul.2022) — Subsea 7 and Van Oord announced the award of a substantial(1) contract by ExxonMobil affiliate Esso Exploration and Production Guyana Limited (EEPGL) […]
ExxonMobil Makes Two More Discoveries Offshore Guyana
(ExxonMobil, 26.Jul.2022) — ExxonMobil has made two new discoveries offshore Guyana to the southeast of the Liza and Payara developments in the Stabroek block. The […]
NRGBriefs: GYSBI’s Guyana Contract with Exxon; Cubico Wind Deals in Uruguay
(Energy Analytics Institute, 20.Jul.2022) — Energy briefs including Cubico Sustainable Investments acquiring two operating wind projects in Uruguay from ACS; Sempra announced plans to report […]