US oil majors raise Permian production forecasts
12/03/2019 by OilStoreAdministrator
US oil companies ExxonMobil and Chevron have both sharply raised their production forecasts for their upstream operations in the Permian Basin. They claim that improvements in drilling technology means that these operations can turn a…
ExxonMobil makes big gas find south of Cyprus
06/03/2019 by Richard
ExxonMobil, as part of its joint venture with Qatar petroleum, has discovered a large gas field off the south coast of Cyprus.
ExxonMobil increased reserves by 4.5 Bboe over 2018
03/03/2019 by Mark
Oil giant ExxonMobil has announced that its overall gas and oil reserves over 2018 increased by 4.5 Bboe (billion barrels of oil equivalent) to, enough to cover the annual production more than three times over.
US oil production hits 12 million bpd threshold
28/02/2019 by Richard
The boom in US oil production continued apace as the country reached the 12 million barrels per day (bpd) mark in the week ending February 15, according to weekly petroleum data from the Energy Information…
ExxonMobil makes two finds offshore of Guyana
18/02/2019 by OilStoreAdministrator
ExxonMobil has built on its previous success offshore of Guyana by making two new discoveries at its Tilapia-1 and Haimara-1 wells. The company has now made 12 discoveries
ExxonMobil moves forward with growth plan
09/02/2019 by OilStoreAdministrator
Oil giant ExxonMobil has taken important steps towards realising the ambitious investment plan it announced last year. The company plans to
Libya to invest tens of billions in oil production
06/02/2019 by Richard
Libya’s National Oil Company (NOC), which is state owned, will invest $50bn in the country’s oil and gas industry this year to raise production. It is
Mobil receives validation for cutting landfill waste
27/01/2019 by Richard
Oil major ExxonMobil has announced that its lubrication blending and packing plants have received Zero Waste to Landfill Silver validation from UL, a
US to move towards energy independence
24/01/2019 by Mark
According to the US Department of Energy, the United States will make a big leap toward energy independence over the next couple of years as US oil production continues
ExxonMobil looking at electric vehicle charging
18/01/2019 by Mark
A recent report from the Atlantic Council states that ExxonMobil, as well as other big oil companies, is looking into incorporating charging for
ExxonMobil teams up with IBM to apply quantum computing to energy sector
15/01/2019 by Mark
At this year’s Consumer Electronics Show in Las Vegas, ExxonMobil has formally announced that it has entered into a partnership deal with IBM to
New records for US and Russian oil production
09/01/2019 by Mark
Both the US and Russia have announced record levels of oil production. For the US, the Energy Information Administration says in its monthly report that