Exxonmobil

In its third agreement in seven months, ExxonMobil’s low-carbon business has contracted with Nucor Corp.  to capture and store carbon emissions from its Convent, LA, manufacturing site. The Nucor deal is to provide carbon capture and storage (CCS) for up to 800,000 metric tons/year of carbon dioxide (CO2). The three agreements to date give ExxonMobil…

Williston Basin pure-play Chord Energy Corp. has agreed to acquire a package of assets from ExxonMobil subsidiary XTO Energy Inc. in a cash transaction valued at $375 million. The assets span about 62,000 net acres and include “123 estimated net 10,000 foot equivalent locations,” said management of Houston-based Chord. The XTO assets currently are producing…

Pioneer Natural Resources Co.’s management team on Thursday touted strong production volumes for the first quarter, boosted by natural gas output. A day after announcing his planned retirement, CEO Scott Sheffield also brushed aside questions about whether the Permian Basin powerhouse would consider a sale to ExxonMobil. Multiple media outlets earlier in April reported that…

The U.S. Supreme Court has rejected petitions by some of the biggest oil and gas producers in North America, which sought to move dozens of state lawsuits concerning climate change to federal court. However, the legal journey is set to continue, possibly for years. The high court on Monday denied a writ of certiorari sought…

A natural gas and oil fortune has been abandoned offshore of British Columbia (BC) after Chevron Corp. and ExxonMobil retired Pacific seabed drilling rights following decades of successful environmental opposition. The integrated producers voluntarily gave up exploration licenses to an area rated as harboring up to 40 Tcf of natural gas and 10 billion bbl…

Qatar’s state-owned energy producer is looking to Eastern Canada to build exploration prospects after taking sizable stakes in ExxonMobil’s Newfoundland and Canada offshore acreage. QatarEnergy agreed to join ExxonMobil Canada in developing exploration licenses (EL) 1162 and 1167, both in the deep waters offshore Eastern Canada. While Eastern Canada is not known as a natural…

The largest U.S. refinery expansion in more than a decade has ramped up southeast of Houston at ExxonMobil’s Beaumont refining complex. The $2 billion project, considered one of the largest in the world, bumped up capacity for transportation fuels by 250,000 b/d, to total 630,000 b/d-plus. The last big refinery expansion was in 2012. “ExxonMobil…

ExxonMobil CEO Darren Woods on Tuesday made a compelling case for continuing to produce the globe’s natural gas and oil along with using technologies to eliminate emissions. Carbon capture and storage (CCS) may be one way to successfully sequester carbon dioxide (CO2) emissions from fossil fuel production, Woods said at CERAWeek by S&P Global. He…

TotalEnergies and its partners are moving forward with the front-end engineering and design process for a potential 4 million metric tons/year (mmty) expansion at the PNG LNG facility in Papua New Guinea. After completing feasibility studies for the project, TotalEnergies disclosed Tuesday that they were progressing plans to build an additional four trains at the…