Tag: Exxon Mobil

• Friday, December 30th 2022 - 09:25 UTC

  Exxon Mobil suing EU windfall tax on oil companies profits:“counter -productive”

  

  Exxon Mobil Corp is suing the European Union on the grounds that the windfall tax on oil companies will hinder investment and end up being “counter-productive”, according to media reports.

• Tuesday, December 13th 2022 - 09:14 UTC

  Guyana opens offshore oil bidding round to diversify explorers and expand the state role

  

  The Cooperative Republic of Guyana opened a bidding round for 14 oil and gas blocks in its oil-rich offshore, hoping to award exploration contracts by the end of May. Guyana has become home to one of the largest oil discoveries in the last decade, with about 11 billion barrels of oil and gas found by a consortium led by Exxon Mobil.

• Wednesday, November 30th 2022 - 09:59 UTC

  Deepwater oil and gas production, the fastest growing segment of the industry

  

  Deepwater hydrocarbon production remains the fastest-growing upstream oil and gas segment with output expected to hit 10.4 million boe/d this year from just 300,000 barrels of oil equivalent per day (boe/d) in 1990.

• Tuesday, November 29th 2022 - 10:19 UTC

  BP awarded contract by Guyana to market its share of oil from two platforms

  

  UK's British Petroleum has been awarded a contract to market Guyana's share of oil produced at the Liza Destiny and Liza Unity platforms, reports Oilprice. With 11 billion barrels found to date, Guyana is home to one of the largest oil discoveries over the last decade.

• Wednesday, April 20th 2022 - 09:40 UTC

  Exxon Mobil drilling offshore in Brazil's Sergipe/Alagoas basin with a potential of a billion barrels

  

  United States Exxon Mobil Corp. is drilling in a new area offshore in the northeast of Brazil that could have as much as a billion barrels of oil and gas equivalent, according to its partner Murphy Oil.

• Saturday, October 3rd 2020 - 08:30 UTC

  Energy companies appeal a climate change damages lawsuit which reaches US Supreme Court

  

  The U.S. Supreme Court on Friday agreed to hear an appeal by energy companies including BP PLC, Chevron Corp, Exxon Mobil Corp, and Royal Dutch Shell PLC contesting a lawsuit by the city of Baltimore seeking damages for the impact of global climate change.

• Wednesday, July 15th 2020 - 08:55 UTC

  Exxon resumes drilling in Guyana; local politics battle over the future oil revenue

  

  Exxon Mobil resumed drilling in Guyana last month, underscoring its dedication to the offshore hotspot despite the oil price crash and a messy turn in local politics.

• Friday, June 26th 2020 - 08:19 UTC

  District of Columbia files lawsuit against oil majors for “misleading” consumers con climate change

  

  The attorney general for the District of Columbia on Thursday filed a lawsuit against Exxon Mobil, BP, Chevron and Royal Dutch Shell for “systematically and intentionally misleading” consumers about the role their products play in causing climate change, the latest action by a US attorney general against the oil and gas industry.

• Saturday, May 2nd 2020 - 07:20 UTC

  Shell announced it was cutting its dividend for the first time since World War Two

  

  Royal Dutch Shell cut its dividend for the first time since World War Two on Thursday as the energy company retrenched in the face of an unprecedented drop in oil demand due to the coronavirus pandemic.

• Tuesday, April 14th 2020 - 07:48 UTC

  Exxon raises US$ 9,5bn to bolster its finances; shares have lost 38%

  

  Exxon Mobil Corp on Monday raised US$ 9.5 billion in new debt, with the largest U.S. oil producer seeking to bolster its finances while debt markets remain open to new deals.