Exxon Mobil Corp. has made a final investment decision (FID) for the Whiptail development offshore Guyana after receiving government and regulatory approvals.
Ivory Coast’s oil minister announced the signing of production-sharing agreements with ExxonMobil for two ultra-deepwater blocks in the Gulf of Guinea.
Iraq’s Oil Minister, Hayan Abdel Ghani, voiced his disappointment with ExxonMobil’s intention to withdraw from the West Qurna 1 oilfield in Iraq at the beginning of 2024. Instead, the Ministry of Oil claims that ExxonMobil plans to focus on potential investment opportunities in African nations.
ExxonMobil expects to see a material increase in its earnings potential until 2027 with upstream earnings set to more than double compared to 2019 supported by strong oil and gas production growth in the Permian basin and Guyana.
The top three emitters are Saudi Arabia’s Aramco, Russian government-owned Gazprom, the National Iranian Oil company, and the top investor-owned companies are ExxonMobil, Shell, BP and Chevron. The list also includes the company led by the president of this year’s international climate negotiations: the Abu Dhabi National Oil Company.
Energy Minister, Dr. Matthew Opoku Prempeh, has revealed that US oil giant, ExxonMobil has begun engagement with the government in a bid to return to the country.
Slumping energy prices sent profit and sales at ExxonMobil (XOM) tumbling, and its shares fell 1.6% in early trading on Friday following the news.
ExxonMobil has denied allegations that it illegally lifted Butane at the Bonny River Offshore Terminal (BRT), an offshore terminal in Nigeria.
The Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) has written to the Nigerian military alleging the illegal lifting of petroleum products by ExxonMobil at Bonny Terminal, Rivers State.
Nigeria’s downstream oil regulator has alleged ExxonMobil Corp was involved in the illegal lifting of petroleum products from an offshore terminal, according to a letter of complaint to the petroleum ministry seen by Reuters.