Exxonmobil

U.S. E&Ps Step Up Oil Production as Demand Climbs, Recession Lurks

U.S. E&Ps Step Up Oil Production as Demand Climbs, Recession Lurks

Domestic crude production climbed notably last week, putting output near the 2022 peak, as U.S. demand accelerated and global market conditions tightened. The Energy Information Administration (EIA) said Wednesday that output for the week ended Nov. 4 climbed by 200,000 b/d from the previous week to 12.1 million b/d. That brought production close to the…

November 9, 2022
ExxonMobil Stacking Up Natural Gas, Oil Discoveries in Guyana’s Stabroek

ExxonMobil Stacking Up Natural Gas, Oil Discoveries in Guyana’s Stabroek

Two more discoveries have been made in the massive Stabroek Block offshore Guyana, adding to ExxonMobil’s extensive portfolio of opportunities. With the discoveries at the Sailfin-1 and Yarrow-1 wells, more than 30 discoveries have been made in the block since 2015. Offshore development and production has ramped up “at a pace that far exceeds the…

November 2, 2022
Natural Gas, LNG Lead ExxonMobil to Record 3Q2022 Profits

Natural Gas, LNG Lead ExxonMobil to Record 3Q2022 Profits

Strong demand for natural gas, combined with soaring realizations, helped drive record breaking profits for ExxonMobil in the third quarter.  Natural gas realizations jumped 22% because of European supply concerns and efforts to build inventory ahead of winter. That more than offset decreasing crude realizations, which fell 12% on modest supply increases.  The “strong gas…

November 1, 2022
ExxonMobil Flies in 3Q on Skyrocketing Natural Gas Prices, ‘Really Tight Market’

ExxonMobil Flies in 3Q on Skyrocketing Natural Gas Prices, ‘Really Tight Market’

Strong demand for natural gas, combined with soaring realizations, helped drive record breaking profits for ExxonMobil in the third quarter.  Natural gas realizations jumped 22% because of European supply concerns and efforts to build inventory ahead of winter. That more than offset decreasing crude realizations, which fell 12% on modest supply increases.  The “strong gas…

October 28, 2022
Russia’s Grip on Sakhalin Strengthens with ExxonMobil’s Exit

Russia’s Grip on Sakhalin Strengthens with ExxonMobil’s Exit

Russia’s control of global oil and natural gas supplies, and particularly LNG, has progressed with ExxonMobil’s exit from the Sakhalin-1 offshore oil project. ExxonMobil disclosed exited Sakhalin-1 after Russian President Vladimir Putin signed a decree expropriating the supermajor’s 30% stake “With its two recent decrees, the Russian government unilaterally terminated our interests in Sakhalin-1, and…

October 24, 2022
ExxonMobil, CF Industries and EnLink Partner in ‘Unprecedented’ Effort to Cut Louisiana Carbon

ExxonMobil, CF Industries and EnLink Partner in ‘Unprecedented’ Effort to Cut Louisiana Carbon

CF Industries Holdings Inc. has clinched an agreement to capture and permanently store up to 2 million metric tons/year (mmty) of carbon emissions from its Louisiana manufacturing complex with ExxonMobil. Under what is said to be one of the largest-of-its-kind commercial agreements, ExxonMobil plans to develop a 125,000-acre carbon dioxide (CO2) storage facility in Vermilion…

October 18, 2022
Natural Gas Price Strength to Boost ExxonMobil’s 3Q Earnings Results

Natural Gas Price Strength to Boost ExxonMobil’s 3Q Earnings Results

ExxonMobil is looking to report better-than-expected profits for the third quarter, lifted by stronger natural gas prices. The Irving, TX-based supermajor previewed the quarterly results In a Securities and Exchange Commission Form 8-K filing. The filing provides a “perspective regarding market and planned factors affecting 3Q2022,” relative to sequential results, the company said. “These factors…

October 10, 2022
ExxonMobil’s 3Q Preview Indicates Strong Returns on Natural Gas Price Strength

ExxonMobil’s 3Q Preview Indicates Strong Returns on Natural Gas Price Strength

ExxonMobil is looking to report better-than-expected profits for the third quarter, lifted by stronger natural gas prices. The Irving, TX-based supermajor previewed the quarterly results In a Securities and Exchange Commission Form 8-K filing. The filing provides a “perspective regarding market and planned factors affecting 3Q2022,” relative to sequential results, the company said. “These factors…

October 5, 2022
ExxonMobil Gains First-of-Its-Kind Federal OK to Bury CO2 in Wyoming

ExxonMobil Gains First-of-Its-Kind Federal OK to Bury CO2 in Wyoming

ExxonMobil has been given the green light by federal officials to sequester carbon emissions deep underground in Wyoming, the first project of its kind to gain approval on federal lands. The Department of Interior’s Bureau of Land Management (BLM) approved the sequestration project in Lincoln and Sweetwater counties.  A carbon dioxide (CO2) disposal well pad…

August 29, 2022
Whitecap Snaps Up Montney, Duvernay Assets in $1.5B Deal with ExxonMobil Affiliates

Whitecap Snaps Up Montney, Duvernay Assets in $1.5B Deal with ExxonMobil Affiliates

Calgary-based Whitecap Resources Inc. has clinched a 1,020-square-mile northern Alberta spread of Montney and Duvernay assets held by ExxonMobil companies in an all-cash deal valued at C$1.9 billion ($1.5 billion). The XTO Energy Canada assets, jointly owned by ExxonMobil Canada and its majority-owned affiliate Imperial Oil Ltd., produce about 140 MMcf/d of natural gas and…

June 29, 2022
‹ Previous 1 2 3 30