As Trump officials signal plans to refill the Strategic Petroleum Reserve (SPR)—drained under the Biden-Harris regime—a new report reveals that ExxonMobil has begun drawing from the SPR due to contaminated crude supplies from offshore rigs in the Gulf of America to avoid refinery outages.
Effective November 14, 2024, ExxonMobil transferred its 50% working interest in the block to Malaysian oil and gas company Petronas, which is the block’s operator. With the transfer, Petronas Suriname E&P comes to hold a 100% working interest in Block 52.
The non-binding agreement would see ExxonMobil supply lithium carbonate to the South Korean-owned cathode plant in Clarksville, Tennessee, which aims to manufacture cathodes for electric vehicle batteries.
Exxon Mobil Corp. has finished installing compression facilities in Australia’s Kipper field to maintain natural gas production.
$1.28B ExxonMobil-Seplat Deal Gains AEC Support, Signaling Nigeria’s Commitment to an Enabling Environment
Exxon Mobil Corp has announced plans to sell a portion of its assets in North Dakota’s Bakken shale formation, according to Reuters.
Leading oil-and-gas multinational ExxonMobil is progressing several energy initiatives on the African continent, consolidating its status as one of the drivers of the industry on the continent.
Hydrocarbons giant Exxon Mobil plans to invest 10 billion dollars in Nigeria’s offshore oil, a spokesman for Nigeria’s presidency said.
Exxon Mobil (XOM.N) has pulled out of the race to buy half of Galp Energia’s (GALP.LS) stake in a large oil discovery in Namibia that has attracted interest from top energy companies, sources with knowledge of the matter said.
Nigerian regulators are expected to approve Exxon Mobil Corp.’s $1.3 billion sale of its oil and gas assets to Seplat Energy Plc within the next four months.