Mobil

Qatargas 2 Train 5 Goes Online

Qatar Petroleum and Exxon Mobil Corp. Tuesday announced the start-up of Qatargas 2 Train 5, one of the largest operating liquefied natural gas (LNG) production facilities in the world.

September 9, 2009

ExxonMobil Asks Court to Overturn Point Thomson Ruling

Exxon Mobil Corp. asked an Alaska court last week to overturn the state’s decision to revoke the company’s leases in the North Slope’s Point Thomson oil and gas field, which hold a significant portion of the natural gas that would be transported on the proposed Alaska gas pipeline to the Lower 48 states.

January 2, 2007

Exxon Mobil Two for Two in Record Quarterly Earnings

The world’s largest public oil company raked in second-quarter profits commensurate with its size. Exxon Mobil Corp., broke its own quarterly earnings record (see Daily GPI, April 28) in 2Q 2006, reporting net income of $10.36 billion, $1.72/share, an increase of $2.72 billion from the second quarter of 2005. First half net income of $18.76 billion, $3.09/share, increased by 21% versus first-half 2005.

July 28, 2006

Newspaper: Chevron Interested in AK Gas Pipeline Capacity

Chevron’s general manager in Alaska said the company plans to participate in the state’s gas pipeline project, currently backed by BP, ConocoPhillips and Exxon Mobil, the Anchorage Daily News reported Tuesday.

June 14, 2006

New Gas Pipeline is 50% Stronger Than Steel, Improves Construction Economics

Exxon Mobil and TransCanada PipeLines demonstrated installation of a new pipeline (X120) that is 50% stronger than the strongest pipeline steel commonly used for gas transmission systems today (X80) and is expected to substantially reduce pipeline project costs. ExxonMobil said the new pipeline could substantially improve the economics of developing remote natural gas resources, such as reserves in Alaska or Russia.

May 17, 2004

New Gas Pipeline is 50% Stronger Than Steel, Improves Construction Economics

Exxon Mobil and TransCanada PipeLines demonstrated installation of a new pipeline (X120) that is 50% stronger than the strongest pipeline steel commonly used for gas transmission systems today (X80) and is expected to substantially reduce pipeline project costs. ExxonMobil said the new pipeline could substantially improve the economics of developing remote natural gas resources, such as reserves in Alaska or Russia.

May 11, 2004

ExxonMobil Settles Long-Running Natural Gas Tax Case, Receives $2.2 Billion

Exxon Mobil Corp. announced that it has reached agreement on a long-running tax dispute with the Internal Revenue Service that will add $2.2 billion to the company’s bottom line. The dispute was over tax deductions ExxonMobil claimed on the sale of natural gas primarily in Texas from 1974 to 1990.

November 24, 2003

Earnings of Majors, Independents a Mixed Bag

Three of the largest oil and gas companies in the world, Exxon Mobil (XOM), ChevronTexaco and Royal Dutch/Shell Group, posted third quarter earnings Thursday, with both Exxon and Shell reporting encouraging production results. Meanwhile, ChevronTexaco was blasted off its track with more than $2 billion in charges, including a $1.55 billion write-down against Dynegy Inc., in which it is a 26.5% shareholder (see related story). Meanwhile, independents’ quarterly earnings also are coming in, including Anadarko Petroleum Corp., which upped its fourth quarter and year-end earnings on stronger-than-expected results.

November 1, 2002

Pemex Multiple-Service Contracts Generate Interest Worldwide

Royal Dutch/Shell, Exxon Mobil Corp., ChevronTexaco, Burlington Resources Inc. Petrobras and Schlumberger are but a few of the 75 foreign companies that have expressed an interest in the long-term natural gas production contracts officially unveiled by Mexico’s state-run oil monopoly last week. The first agreements are expected to be offered in November, officials said (see NGI, June 17).

June 24, 2002

Alaska Producers Say Gas Pipeline Would Be Too Expensive

A natural gas pipeline to the Lower 48 states from Alaska would be too expensive to build and too risky, according to a preliminary study by Exxon Mobil Corp., Phillips Petroleum Co. and BP Plc, the three largest lease holders along the North Slope. The producers told Alaska Gov. Tony Knowles’ natural gas development team at a meeting last week in Anchorage that the project looks like a long shot at best.

October 1, 2001
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