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
Rosneft boss blames Federal Reserve for low oil prices
03/01/2019 by Mark
Igor Sechin, the head of Russian oil giant Rosneft – a long-term ally of President Putin – has attributed the recent drop in oil prices to the US Federal Reserve’s decision to raise interest rates…
ExxonMobil supports maintaining emission rules in letter
27/12/2018 by Mark
Reuters reports that it has seen a letter from ExxonMobil to the U.S. Environmental Protection Agency in which the oil major expresses its support for continuing Obama-era methane gas emissions rules put in place to…
EIA: US shale oil to reach 8.166 million bpd
21/12/2018 by OilStoreAdministrator
In its latest forecasts, the US Energy Information Administration (EIA) predicts that US shale oil production will reach 8.166 million barrels per day
ExxonMobil hikes Guyana estimates
12/12/2018 by Richard
ExxonMobil has increased its estimates by 25% for the hydrocarbon resources in the Stabroek Block offshore of Guyana after the company made its 10th discovery in the region. The company, which also