ExxonMobil


All posts for ExxonMobil

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 18 days 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 1 month 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 2 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 4 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 7 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 9 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 10 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

ExxonMobil Earnings Increase 57 Percent to $6.2 Billion in Third Quarter of 2018

Cash flow from operating activities of $11.1 billion highest since the third quarter of 2014 Ninth discovery offshore Guyana, newly acquired acreage in Brazil enhance Upstream opportunities Integration advantages further enhanced by midstream connectivity to Permian and Western Canada   ...

OilVoice Press - OilVoice


Posted 1 year agoPress > Exxon MobilExxonMobilExxon Mobil Corporation +2

ExxonMobil Supports New Singapore Energy Center Partnership with US$10 Million Commitment

ExxonMobil to be first founding member with five-year commitment Company researchers to collaborate with university students and faculty Initial focus areas to include bioscience; carbon capture, utilization and storage; water use and recycling SINGAPORE--( BUSINESS WIRE )-- ExxonMobil said to ...

OilVoice Press - OilVoice


Posted 1 year agoPress > ExxonMobilExxon MobilExxon Mobil Corporation +2

ExxonMobil Starts New Unit at Antwerp Refinery to Produce High-Value Transportation Fuels

SPRING, Texas--( BUSINESS WIRE )-- ExxonMobil said today that it has started operations of a new unit at its Antwerp refinery in Belgium to convert heavy, higher-sulfur residual oils into high-value transportation fuels such as marine gasoil and diesel. The new 50,000 barrel-per-day unit expands t ...

OilVoice Press - OilVoice


Posted 1 year agoPress > ExxonMobilExxon MobilExxon Mobil Corporation +7

The Oil Business in South Africa is Going Down

One of the most important resources that a country could have during the 20th century and even today is oil or gas. South Africa unfortunately, doesn't show much promise in that departments as their proven oil and gas reserves are close to nothing. The exploration for these resources started in 191 ...

OilVoice Press - OilVoice


Posted 1 year agoOpinion > Nick JamesSouth AfricaOil +7