Exxon


All posts for Exxon

Equinor Goes “Bigly” in the North Sea

Despite tighter forecast global petroleum markets in the second half of 2019, EIA expects that the Brent crude oil price will average $60.63/b in the second half of 2019, nearly unchanged from the $60.68/b forecast in the September STEO. EIA forecasts that global petroleum inventories will increa ...

Hui Shan


Posted 2 days agoLink > North SeaExxonEquinor +1

Chevron & Venezuela – Together Still

Barely hours before the deadline, Chevron received word from the US government that it would be allowed to continue operating in Venezuela. The lone major US oil company still in operation after ExxonMobil and ConocoPhillips made a costly flee when Hugo Chávez nationalised the oil industry, Chevr ...

Hui Shan


Posted 2 months agoLink > TrumpVenezuelaGuaido +10

ConocoPhillips vs PDVSA - Round 2

U.S. crude oil production increased 1.6 million b/d from 2017 to 10.9 million b/d in 2018, with the U.S. Gulf Coast—where more than 90% of U.S. crude oil exports depart from—producing 7.1 million b/d. In the first half of 2018, the United States exported 376,000 b/d of crude oil to China, which m ...

Hui Shan


Posted 6 months agoLink > VenezuelaPDVSAConocoPhillips +4

World Class Discoveries in the Eastern Mediterranean

Last week, Cyprus announced a huge natural gas find in Block 10, with ExxonMobil – together with Qatar Petroleum - estimating that the ‘world-class discovery' potentially holds up to 8 trillion cubic feet of natural gas. Coupled with the Block 10 discovery – and promising geology in Block 7, wher ...

Hui Shan


Posted 7 months agoLink > Eastern MediterraneanCyprusExxon +5

Exxon Mobil Corporation Declares Fourth Quarter Dividend

IRVING, Texas--( BUSINESS WIRE )--The Board of Directors of Exxon Mobil Corporation (NYSE:XOM) today declared a cash dividend of $0.82 cents per share on the Common Stock, payable on December 10, 2018 to shareholders of record of Common Stock at the close of business on November 13, 2018. This fou ...

OilVoice Press - OilVoice


Posted 11 months agoPress > NYSEExxonExxon Mobil +2

ExxonMobil Wins Additional Acreage in Brazil’s 5th Pre-Salt Bid Round

Adds more than 71,500 net acres to ExxonMobil's deepwater portfolio offshore Brazil ExxonMobil is one of Brazil's largest acreage holders among international companies Work underway on regulatory requirements in preparation for drilling by 2020 IRVING, Texas--( BUSINESS WIRE )-- ExxonMobil has ...

OilVoice Press - OilVoice


Posted 1 year agoPress > Exxon MobilExxonExxon Mobil Corporation +6

Eco Atlantic Comments on Exxon's Ninth Major Discovery in Guyana - Hammerhead-1

From Guyana today, on ExxonMobil Corporation ("Exxon")'s Stabroek Block, Exxon and Hess Corporation have announced a new oil discovery of 60 metres (197 feet) of net pay of high-quality, oil-bearing sandstone reservoir in the Hammerhead-1 well.  Exxon's Hammerhead-1 oil discovery is located approxi ...

OilVoice Press - OilVoice


Posted 1 year agoPress > ExxonExxonMobilExxon Mobil Corporation +7

ExxonMobil Starts Up New Ethane Cracker in Baytown, Texas

New 1.5 million ton-per-year cracker to supply company's expanded plastics plant in Mont Belvieu Together, projects represent company's largest chemical investment in the U.S. to date Have created thousands of jobs and will energize regional economy ExxonMobil said today that operations have ...

OilVoice Press - OilVoice


Posted 1 year agoPress > ExxonMobilExxonMobil CanadaExxon +4

Analysis: What's Next for Oil and Gas Prices After Putin-Trump Summit? by Dr. Daniel Fine

(Photo: Pablo Martinez Monsivais,/AP) The opposition in Congress wants to see a transcript of what President Donald Trump and Russian President Vladimir Putin talked about for two hours alone. No doubt some of that time was spent discussing OPEC and the price of oil. This is abov ...

Will Fine


Posted 1 year agoOpinion > Donald TrumpPresident of the USAPresident +56

Supermajors – The State of Q417 Earnings

  With the last of the financial statements from major producers out, it is clear that 2017 has been a much better year for the oil & gas industry, with profits for the fourth quarter and the full year on the upswing as the year-long gain in oil prices (thank you, OPEC) swelled revenue and profi ...

Easwaran Kanason


Posted 1 year agoOpinion > nrgedgeTotalShell +4

Oil Rush in Guyana

Traces of petroleum have been recorded in Guyana since the 1750s, back when Dutch explorers were mapping the country. Wells drilled in 1916 produced some natural gas that powered local utilities for several decades, while Shell and the California Oil Company made exploratory drills in the 1950s and ...

Easwaran Kanason


Posted 1 year agoOpinion > GuyanaExxonStabroek +1

Oil Rush in Guyana

Traces of petroleum have been recorded in Guyana since the 1750s, back when Dutch explorers were mapping the country. Wells drilled in 1916 produced some natural gas that powered local utilities for several decades, while Shell and the California Oil Company made exploratory drills in the 1950s and ...

Easwaran Kanason


Posted 1 year agoOpinion > GuyanaExxonStabroek

Dr. Daniel Fine on Oil and Gas: Prices and Supply Short of War in Middle East

One day after the OPEC annual meeting, although composed for publication two weeks ago, this column moves the clock forward to early 2018.  There is a background noise of regional “hybrid war” intruding on the market price of World and West Texas Intermediate oil. Most analysts both commercial and ...

Will Fine


Posted 1 year agoOpinion > Kingdom of Saudi ArabiasaudiSaudi Aramco +89

The LNG Bandwagon Keeps Growing

When Shell purchased BG for US$53 billion in 2016 to become the world 's largest LNG company, it capped off a change in the way the LNG world worked. LNG used to be more of a producer-buyer relationship, with firms like Petronas, Pertamina and Qatargas cutting deals directly with buyers in Japan and ...

Easwaran Kanason


Posted 1 year agoOpinion > LNGgasTotal +2

The Tight Balance of LNG In Indonesia

Last week, Indonesian state energy firm Pertamina admitted that the country may become a net importer of liquefied natural gas (LNG) by 2020, as soaring demand in the populous western islands dwarf domestic supplies from the energy-rich east. This isn't the first time that this scenario has been moo ...

Easwaran Kanason


Posted 1 year agoOpinion > LNGgasIndonesia +3