NEW YORK, May 15 (Reuters) -U.S. oil major Exxon Mobil’s 250,000 barrel-per-day Joliet refinery in Illinois completed planned maintenance and is in the process of restarting operations, a spokesperson confirmed on Wednesday.
The companies have signed an agreement outlining preliminary work to design a commercial model for the Asri Basin Project carbon capture and storage (CCS) hub.
ExxonMobil and its partners have made an oil discovery at Block 15 offshore Angola, while drilling the exploration well located in the Kizomba B development area.
QatarEnergy has signed a farm-in agreement with ExxonMobil to acquire a 40% participating interest in two exploration blocks offshore Egypt.
BOTAS Petroleum Pipeline Co. has committed to buying up to 2.5 million tons of liquefied natural gas (LNG) a year for 10 years from Exxon Mobil Corp., Türkiye’s state-owned oil and gas distributor said Thursday.
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.