ExxonMobil


All posts for ExxonMobil

The State of the Industry: Q2 2020 Financial Performance

It is, obviously, unsurprising that the recently released Q2 financials for the oil & gas supermajors contained distressed numbers as the first full quarter of Covid-19 impact washed over the entire industry. To make this change, Looney is looking to shrink BP's oil and gas output by 40% through ...

Hui Shan


Posted 4 days agoLink > SupermajorShellTotal +13

Suriname’s Mega Discovery

US independent Apache announced it had made a ‘significant oil discovery' at the Maka-Central 1 well, the first suggestion that the Cretaceous oil formation in Guyana extended southeast to Suriname. For now, Staatsolie is looking to gain rights to 10-20% of any oil discovery within Suriname, but ...

Hui Shan


Posted 11 days agoLink > GuyanaExxonMobilStaebroek +4

Key Upstream Positive Developments Since April 2020

Noble will also bring with it established positions in the Eagle Ford basin, significant US midstream assets and upstream assets in Israel and Equatorial Guinea, swelling Chevron's proven oil and gas reserves by 18%. Neptune Energy hit oil at the Dugong well in the Norwegian North Sea, and China' ...

Hui Shan


Posted 16 days agoLink > OPECRussiaoil price +5

The Oil World’s Ongoing Impairments

Either way, this has thrown a spanner in the works of the giant, multi-billion oil and gas projects that were announced over the past two years as the energy world began to wake up from its post-2015 price crash investment hibernation. Further impairments were made in April 2020 when the Q1 finan ...

Hui Shan


Posted 1 month agoLink > ExxonMobilShellBP +5

The (New) Force Behind Upstream Asset Buys

In times of crisis, oil and gas company default to two things: staff layoffs and asset sales. Factor in the strengthening climate change argument that is changing the core strategies of energy supermajors, the idea of buying a (potentially distressed) oil or gas asset is now quite unappealing, no ...

Hui Shan


Posted 1 month agoLink > ExxonMobilShellBP +9

The State Of The Industry: Q1 2020 Financials

As the Covid-19 slowly but surely eases, the oil and gas industry has released its financial results for Q1 2020. As it were, the Q1 2020 financial results from the five oil supermajors paint a mixed picture. Reducing dividends were a common denominator across the board in the industry, with Nor ...

Hui Shan


Posted 2 months agoLink > ExxonMobilShellBP +6

A Brief Insight: Guyana, Suriname And French Guiana

As Saudi Arabia and Russia dig in their heels and prepare for extended trench warfare over oil prices, the important questions now are: how long will this last, and what (or who) can bring these friends-turned-foes back to the negotiation table? Saudi Arabia's ultimate goal is to have steady oil ...

Hui Shan


Posted 4 months agoLink > GOMGulf Of MexicoOil Blocks +7

Wrapping Up The Decade - Q419 Financials Of Oil Majors

For ExxonMobil, revenue and net profits were both down by 5%, with the company blaming the ‘tough environment' and depressed margins for its oil, gas, refining and chemicals businesses that will spill into 2020. Although the French company was also affected by slumping natural gas prices, along w ...

Hui Shan


Posted 6 months agoLink > BPShellTotal +4

Q319 Financials: Weaker Oil Prices, Weakened Profits

Changing nature of non-OPEC supply types may be affecting the crude oil futures marketChanges in the oil investment and production cycle may be affecting trading dynamics for West Texas Intermediate (WTI) and Brent crude oil futures contracts. Similar research from the U.S. Commodity Futures Trad ...

Hui Shan


Posted 9 months agoLink > oil priceShaleUSA +5

The Delicate Problem With Guyana’s Oil Riches

Just 4 years after first oil was struck in the South American nation of Guyana, which turned the sleepy former British colony into a hotbed of upstream activity, new discoveries are still piling up, seemingly on a monthly basis. Having been the power behind exploration in Guyana, ExxonMobil is no ...

Hui Shan


Posted 10 months agoLink > GuyanaExxonMobilStaebroek +2

The State of the Industry: Q2 2019

In the August 2019 Short-Term Energy Outlook (STEO), the U.S. Energy Information Administration (EIA) forecasts relatively flat crude oil prices for the remainder of 2019 and through 2020 and a balanced global oil market in 2019 followed by modest inventory builds in 2020 as production growth outp ...

Hui Shan


Posted 11 months agoLink > ShellExxonMobilBP +6

The Permian is Ripe for M&A Battle

Next is Diamondback Energy, a Permian pure-play firm that has valuable assets in the Midland Basin as well as the prized (and prolific) Delaware Basin. Brushing up against Pioneer's acreage is ExxonMobil and Chevron's own boundaries, and its new status as a Permian pure-play makes Pioneer particu ...

Hui Shan


Posted 1 year agoLink > Pioneer Natural ResourcesEndeavor Energy ResourcesDiamondback Energy +8

Shell Eclipses ExxonMobil Once Again

Weaker refining margins and lower crude prices were cited as a slight drag on performance, but Shell's acquisition of BG Group is paying dividends as strong natural gas performance contributed to the strong profits. Unlike ExxonMobil and Chevron, Shell has only dipped its toes in the Permian, pre ...

Hui Shan


Posted 1 year agoLink > ExxonMobilShellBP +5

ExxonMobil Increases Stabroek Resource Estimate to 5 Billion Barrels; Makes 10th Discovery

More than 5 billion recoverable oil-equivalent barrels discovered in less than four years Reinforces potential for at least five floating storage, production and offloading vessels producing more than 750,000 barrels of oil per day by 2025 Pluma-1 well represents 10 th discovery IRVING, Texas- ...

OilVoice Press - OilVoice


Posted 1 year agoPress > Stabroek BlockStabroekDiscovery +3

Total Signs a Memorandum of Understanding with the State of Papua New Guinea on the Key Terms of the Gas Agreement of the Papua LNG Project and Launches Engineering Studies

Port Moresby – Total and its partners ExxonMobil and Oil Search have signed a Memorandum of Understanding (MoU) with the Independent State of Papua New Guinea defining the key terms of the Gas Agreement for the Papua LNG Project.  The MoU was signed during the Asia Pacific Economic Conference (A ...

OilVoice Press - OilVoice


Posted 1 year agoPress > MOUTotalPNG +9