Oil and gas minister Clotaire Kondja said on Wednesday that Gabon plans to sign production sharing contracts with ExxonMobil and BP within the next six months, Reuters reports. ExxonMobil declined to comment to Reuters on the minister’s stated timeline, and BP did not respond immediately to a request for comment. Both companies have signed preliminary exploration agreements covering offshore acreage in […]
The American oil conglomerate, ExxonMobil, recently stated that it is nearing a $10 billion foreign investment decision with Africa’s largest oil producer, Nigeria.
Golden Pass LNG, a joint venture between QatarEnergy and ExxonMobil (NYSE:XOM), has achieved first production of liquefied natural gas (LNG) at its first liquefaction train, marking the transition of the facility from a receiving terminal into a major export hub as a global energy crisis emerges out of the Iran conflict.
ExxonMobil and Halliburton have completed what the companies describe as the industry’s first fully automated closed-loop geological well placement system during offshore drilling operations in Guyana.
ExxonMobil positions its CCS network as a solution for reducing carbon emissions from key industrial sites along the US Gulf Coast.
DNO ASA, the Norwegian oil and gas operator, today announced that it has placed its North Sea oil production with subsidiaries of Exxon Mobil Corporation and Shell plc effective 1 January 2026 and secured related offtake financing facilities for up to USD 410 million.
Brian Unietis, lead country manager for ExxonMobil Angola, talks to The Energy Year about the strategic redevelopment of Block 15 to support Angola’s 2030 oil output goals and the company’s use of advanced technologies to extend asset life and improve efficiency. ExxonMobil Angola explores for and produces oil and gas, operating one of the country’s […]
US major ExxonMobil has paused plans to develop a large-scale blue hydrogen production facility in Baytown, Texas, due to insufficient customer demand, Reuters reported on Friday. The company aimed to produce 28.3 mcm (1 bcf) per day of blue hydrogen at its Baytown refining and chemical complex, with captured carbon dioxide stored underground. However, high production costs […]
ExxonMobil is close to lifting the force majeure in Mozambique that’s impeded progress on what will be one of the world’s biggest liquefied natural gas projects, Chief Executive Officer Darren Woods said in an interview.
l ExxonMobil Corp. announced third-quarter 2025 earnings of $7.5 billion, up from $7.1 billion for second-quarter 2025 but down from $8.6 billion for third-quarter 2024. Year-to-date earnings totaled $22.3 billion, down from $26.1 billion for the same period last year. Exxon noted that this drop in earnings from a year ago was primarily due to […]