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Hilcorp, Exxon and Conoco top greenhouse gas emitters, environmental groups say
July 16, 2022
Source: Mint

Hilcorp, Exxon and Conoco top greenhouse gas emitters, environmental groups say

Hilcorp Energy Co., Exxon Mobil Corp., ConocoPhillips and Occidental Petroleum Corp., are the U.S. oil-and-gas industry’s top emitters of planet-warming greenhouse gases, according to a new report based on federal data.

India makes big push for oil and gas exploration in Andaman deep water basin
June 30, 2022

India makes big push for oil and gas exploration in Andaman deep water basin

India is making a big push for oil and gas exploration in Andaman deep water basin with the government planning to fund an ONGC-led drilling campaign and easing clearances, according to people familiar with the matter. Increasing exploration at a break-neck speed is at the center of the government's plan to raise domestic production of oil and gas and cut imports at a time when high fuel prices are tormenting consumers. ONGC NSE -2.40 % plans to launch the drilling campaign in the Andaman offshore after the monsoon and is currently engaged in talks with ExxonMobil and Shell to involve them in the project, they said. ONGC is expected to drill 3-4 wells under the special program funded by the government in the Andaman Sea, with each well costing about Rs 350-400 crore, they added.gt

Exxon CEO says no new gas cars globally by 2040, goes wolf in sheep’s clothing about CO2
June 27, 2022
Source: electrek

Exxon CEO says no new gas cars globally by 2040, goes wolf in sheep’s clothing about CO2

Every new passenger car sold in the world will be electric by 2040, according to Exxon Mobil CEO Darren Woods in an interview aired this weekend by CNBC. The interview also covered the company’s climate ambitions, putting a flashy coat of paint on an organization that is the world’s fifth-largest historical polluter and has pushed climate denial at a high level for half a century. Exxon Mobil CEO Darren Woods sat down with CNBC’s David Faber for a long interview about climate change. The full interview is 35 minutes long (on top of a previous hour-long interview) and mostly discusses climate change and Exxon’s carbon capture and storage desires.

Biden Escalates War of Words with Big Oil
June 25, 2022
Source: Rigzone

Biden Escalates War of Words with Big Oil

President Joe Biden reiterated his ire toward oil industry officials, verbally sparring with Chevron Corp. Chief Executive Officer Mike Wirth just days before administration officials and oil executives are set to discuss how to bring down gasoline prices. Wirth earlier called on Biden to stop criticizing the oil and gas industry and for a “change in approach” toward US energy policy in a rare, candid letter published Tuesday. Biden responded by calling the executive “mildly sensitive” and telling reporters at a White House press conference, “I didn’t know they’d get their feelings hurt that quickly.”

Exit: ExxonMobil sells Barnett shale stake for $750 million
May 20, 2022

Exit: ExxonMobil sells Barnett shale stake for $750 million

US supermajor ExxonMobil is selling for $750 million its stake in one of the world’s first actively produced shale plays, the Barnett shale of Texas in the US, to BKV Corporation. ExxonMobil in 2020 removed the company's Barnett holdings from its development plan and had been actively marketing the assets since last November.

ExxonMobil declares force majeure on Russian operations at Sakhalin.
April 28, 2022
Source: Energy Voice

ExxonMobil declares force majeure on Russian operations at Sakhalin.

ExxonMobil said Wednesday that it has declared force majeure for its Sakhalin-1 operations in Far East Russia after it became too difficult to ship crude oil due to sanctions, reported Reuters.

Exxon Mobil may completely withdraw from Russia by June 24: sources
April 22, 2022
Source: Energy World

Exxon Mobil may completely withdraw from Russia by June 24: sources

Exxon Mobil removed employees who are US citizens from Russia last month after Moscow launched what it calls its special military operation in Ukraine.

Guyana okays Exxon’s US$10b Yellowtail offshore oil project
April 6, 2022
Source: The Gleaner

Guyana okays Exxon’s US$10b Yellowtail offshore oil project

Guyana’s government has granted permission for American supermajor ExxonMobil to develop a fourth offshore oil and gas field, and the company said on Monday it has made a final investment decision on the US$10-billion project aimed at producing up to 250,000 barrels per day.

Exxon signals record quarterly profit from oil and gas prices
April 5, 2022
Source: Energy World

Exxon signals record quarterly profit from oil and gas prices

A snapshot of the largest U.S. oil company's quarter ended March 31 showed operating profits from oil and gas, its biggest unit, could jump by as much as $2.7 billion over the prior quarter's $6.6 billion.

Ukraine conflict: Airbus, ExxonMobil and Boeing take action over Russia ties
March 2, 2022
Source: BBC News

Ukraine conflict: Airbus, ExxonMobil and Boeing take action over Russia ties

Airbus has joined rival planemaker Boeing and oil giant ExxonMobil on a growing list of corporate giants cutting ties with Russia. The European manufacturer said it had stopped support and supply of spare parts for Russia's aviation industry.

Seplat to acquire ExxonMobil’s shallow water subsidiary
Feb. 26, 2022
Source: The Guardian

Seplat to acquire ExxonMobil’s shallow water subsidiary

The acquisition, announced yesterday, came at a time most International Oil Companies (IOCs) in Nigeria were divesting, retaining mainly their operations in the deep waters.

ExxonMobil streamlines organisation, relocates to Houston
Feb. 1, 2022
Source: Upstream

ExxonMobil streamlines organisation, relocates to Houston

The US supermajor intends to improve cash flow and cut costs with its restructuring

Big Oil risks losing 'half a trillion dollars' in bet on short-term price signal: Carbon Tracker
Jan. 27, 2022
Source: Recharge News

Big Oil risks losing 'half a trillion dollars' in bet on short-term price signal: Carbon Tracker

Climate finance analysts warn allure of bullish current crude markets could lead to many high-risk megaprojects, including some in development by petrogiants ExxonMobil, Shell and Equinor, being stranded before coming into production

Guyana’s Oil Production To Increase Three-Fold Next Month
Jan. 27, 2022
Source: Oil Price

Guyana’s Oil Production To Increase Three-Fold Next Month

Exxon plans to begin oil production from a second platform offshore Guyana next month, Reuters reported this week, citing an unnamed source familiar with the company’s plans. The second production facility would increase Guyana’s oil output threefold to 340,000 bpd, the report noted,

Vitol quietly backs Savannah's purchase of ExxonMobil-Petronas assets
Jan. 18, 2022

Vitol quietly backs Savannah's purchase of ExxonMobil-Petronas assets

The Swiss commodities trader Vitol has become a trump card in British junior Savannah's game. In exchange for financial support for Savannah's purchase of ExxonMobil-Petronas's Doba assets, it should end up well placed to market the crude produced there.

ExxonMobil to buy into Norwegian biofuels co Biojet
Jan. 12, 2022
Source: Renewables Now

ExxonMobil to buy into Norwegian biofuels co Biojet

January 11 (Renewables Now) - US oil group Exxon Mobil Corp (NYSE:XOM) said on Tuesday it has entered into an agreement to acquire a 49.9% stake in Norwegian biofuels company Biojet AS for an undisclosed sum. Biojet intends to develop up to five facilities for the production of biofuels and biofuel components through the conversion of forestry and wood-based construction waste. It expects to begin commercial production in 2025 at a new site in Follum. The stake purchase agreement comes with a contract allowing ExxonMobil to buy up to 3 million barrels of the products per year. Biojet’s biofuels can be used for passenger vehicles and heavy trucks, the announcement mentions.

China Is The Only Winner In This Huge Iraqi Oil Field
Jan. 11, 2022
Source: Oil Price

China Is The Only Winner In This Huge Iraqi Oil Field

The statement last week from Iraq’s Oil Minister, Ihsan Abdul Jabbar, that the newly resurrected Iraqi National Oil Company (INOC) has been given government approval to acquire ExxonMobil’s 32.7 percent stake in the supergiant West Qurna 1 oil field for up to US$350 million is likely to leave China delighted, the U.S. irritated, and Iraq’s oil industry still unable to achieve any of its key oil output goals. The last iteration of the INOC – created in 1966, before it was effectively closed down in 1987, with its remnants incorporated into the Ministry of Oil (MoO) – was founded on a mandate that included elements that seemed geared towards enabling malpractice of one kind and another.

ExxonMobil makes additional oil discoveries off Guyana's coast
Jan. 6, 2022
Source: Energy World

ExxonMobil makes additional oil discoveries off Guyana's coast

The company said a vessel that arrived in Guyana late last year is expected to start production in upcoming months with a target of up to 220,000 barrels of oil a day. Officials said another vessel will start production in 2024.

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