Nigeria claims $23 per barrel oil production cost
12/04/2019 by Richard
Emmanuel Ibe Kachikwu, Nigeria’s Petroleum Minister, has told local media that the average production cost for oil in the country has
ExxonMobil announces large-scale expansion of Singapore facility
06/04/2019 by Mark
ExxonMobil has announced a multibillion-dollar development of its integrated manufacturing complex on Jurong Island, Singapore. Once the expansion is
Tight oil to continue driving US production growth
03/04/2019 by OilStoreAdministrator
The US Energy Information Administration has projected in its 2019 Annual Energy Outlook that tight oil, which is also often referred to as shale oil, production will continue to grow and drive increasing US oil…
ExxonMobil provides financial support for Mozambique relief
27/03/2019 by Mark
ExxonMobil has announced it will provide $300,000 in financial aid to support the relief effort in Mozambique in the wake of Cyclone Idai. This was one of the worst tropical cyclones to have ever affected…
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