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NEWS |
Exxon Mobil, Chevron Take Cautious Approach to US Shale Recovery
Exxon Mobil Corp. and Chevron Corp have scaled back activity dramatically in the top U.S. shale oil field, where just a year ago the two companies were dominating in the high-desert landscape.
NEWS |
ExxonMobil comes up dry in Guyana wildcat
Oil major ExxonMobil has failed to find commercial hydrocarbons at the Bulletwood-1 wildcat well in the Canje block located offshore Guyana.
NEWS |
Exxon Mobil to Cut Jobs in Singapore as Big Oil Retrenches
Exxon Mobil Corp. expects to cut about 300 jobs in the Asian oil-trading hub of Singapore by the end of 2021, part of a global retrenchment that was announced last year.
NEWS |
NEO Energy snaps up ExxonMobil’s North Sea assets for $1bn
HitecVision-backed NEO Energy is acquiring a major portfolio of non-operated oil and gas assets in the Central and Northern North Sea from ExxonMobil.
NEWS |
Exxon Mobil to sell its UK upstream business for more than $1 billion
Exxon Mobil plans to sell its stake in the oil fields of the United Kingdom and the northern North Sea for more than $1 billion as the nation’s largest oil company continues to streamline its portfoli (...)
NEWS |
Big Oil’s huge losses raise prospect of mega mergers
When Exxon struck the biggest deal of a $300bn wave of oil mergers during the brutal late-1990s crude price collapse, Mobil chief executive Lou Noto gave a warning to the industry.
NEWS |
Energy companies in Houston lost billions in Q420
The full impact of the global pandemic on Houston's oil and gas industry is becoming more clear, as companies release their final earnings reports for 2020. Many businesses recorded multi-million doll (...)
NEWS |
ExxonMobil, Chevron Bosses Mulled Combing Operations Amid Volatile Oil Markets
ExxonMobil and Chevron bosses last year discussed merging the two biggest oil producers in the U.S., Bloomberg News reported on Monday, citing unnamed sources with knowledge of the meeting.
NEWS |
Exxon is slashing workers and cutting costs after a historic year of loss. Here's everything we know.
Exxon Mobil, the nation's largest oil company, suffered a historic blow in 2020.....
NEWS |
ExxonMobil in talks to sell UK North Sea assets to Norway investor HitecVision
ExxonMobil is in talks to sell its UK North Sea assets to Norwegian investor HitecVision, the companies said Jan. 21, after HitecVision was previously instrumental in ExxonMobil's exit from Norway.
NEWS |
Bumper North Sea oil portfolio set to change hands
Oil giant ExxonMobil looks set to sell the bulk of its North Sea assets to Norwegian financiers.
NEWS |
Exxon Mobil fails to encounter oil at Hassa-1 exploration well
Exxon Mobil has reportedly failed to find hydrocarbon resources following drilling at the Hassa-1 exploration well in the Stabroek block offshore Guyana.
NEWS |
Total E&P and ExxonMobil commence TCP qualification project with Strohm for high end hydrocarbon service applications
Strohm has announced it has secured a contract with Total and ExxonMobil for a qualification testing programme for a high pressure, high temperature Thermoplastic Composite Pipe (TCP).
NEWS |
ExxonMobil spuds Bulletwood-1 well off Guyana
Oil major ExxonMobil has started drilling at the Bulletwood-1 well site on the Canje Block located offshore Guyana.
NEWS |
Exxon tries to put the worst behind it with $20b writedown
Exxon Mobil Corp on Monday said it would write down the value of natural gas properties by US$17 billion to $20 billion, its biggest ever impairment, and slash project spending next year to its lowest (...)
NEWS |
Exxon to abandon the sale of Bass Strait assets
Reuters is reporting that ExxonMobil has called off the potential multibillion-dollar sale of its oil and gas assets in Australia’s Bass Strait, according to the Australian Financial Review.
NEWS |
ExxonMobil to lay off up to 300 people in Canada
The US oil major ExxonMobil has unveiled plans to cut up to 300 jobs in Canada by the end of next year.
NEWS |
Three contracts awarded to the value of $455 million
Equinor has, on behalf of the partners ExxonMobil and Petrogal Brasil, awarded Baker Hughes, Halliburton and Schlumberger contracts for drilling and well services on the Bacalhau field in Brazil.
NEWS |
Saipem ready to start with the final phase of Payara in Guyana
Saipem has recently received the authorization to proceed with the final phase of the Payara development project in Guyana from Esso Exploration and Production Guyana Limited (EEPGL), an ExxonMobil su (...)
NEWS |
Exxon Mobil’s fading star: no longer the biggest U.S. energy company
Exxon Mobil Corp was once the largest U.S. publicly traded company in the United States. Now, the oil major is not even the largest energy name, having been surpassed by rivals and even a renewable co (...)
NEWS |
Exxon to Cut 14,000 Jobs, 15% of Staff, to Defend Its Dividend
Exxon Mobil Corp. will slash its global workforce by 15% over the next two years, an unprecedented culling by North America’s biggest oil explorer as it struggles to preserve dividends.
NEWS |
Part of the U.S. burns, part floods, as Exxon Mobil doubles down on fossil fuels
America’s biggest oil company is in big trouble, and its struggle reflects a widening gap in the U.S. oil patch over how quickly the country will shift from fossil fuels to renewables.
NEWS |
SBM Offshore and TechnipFMC secure Payara development contracts
SBM Offshore and TechnipFMC have been awarded contracts by ExxonMobil in connection with the Payara development offshore Guyana, which has received government approvals.
NEWS |
Bids for Exxon UK's oil and gas fields due on October 28- sources
Bids for a portfolio of Exxon Mobil's British North Sea oil and gas fields, which is expected to fetch around $1 billion following this year's oil price weakness, are due on Oct. 28, two sources with (...)
NEWS |
ExxonMobil announces discovery offshore Guyana
ExxonMobil has made its 18th discovery offshore Guyana at the Redtail-1 well, adding to the previously announced estimated recoverable resource of more than 8 billion oil-equivalent barrels on the Sta (...)
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