Chevron’s market value leapfrogged that of Exxon Mobil for the first time on Wednesday during a week in which it closed a $4.1 billion, all-stock deal for Noble Energy, a smaller oil and gas producer.Chevron’s market cap ended the day around $142 billion…
Norwegian offshore and shipping firm GC Rieber Shipping has secured a two-year contract extension for the icebreaker Polar Pevek with Exxon Neftegas at the Russian Far East.The vessel is operating off Sakhalin Island, in far-east Russia. It…
China's Shanghai Waigaoqiao Shipbuilding (SWS) shipyard has delivered another Guyana-bound FPSO hull for the Dutch FPSO specialist SBM Offshore.Following the delivery of the Liza Unity hull in late 2019, SWS on Monday delivered the Liza Prosperity hull…
Exxon Mobil Corp is pressing Guyana's newly-installed government for approval of its third offshore oil project, which has been under a months-long review that coincided with political turmoil in the South American country.Exxon, which operates…
Exxon Mobil Corp is limiting output at its flagship offshore project in Guyana to 100,000 barrels-per-day (bpd) due to more issues with the reinjection of natural gas, the South American country's environmental regulator said on Friday.Exxon…
Offshore drilling contractor Noble Corporation has won a six-month contract for its Noble Sam Croft drillship with ExxonMobil in Guyana. Noble shared the news as part of its 2Q results presentation in which it posted a loss of $42 million.The drilling company…
Exxon Mobil Corp on Friday posted its first quarterly loss in three decades on plunging oil demand and collapsing prices, reporting a $610 million quarterly deficit after a nearly $3 billion inventory writedown.Global fuel demand has tumbled…
A leak in a pipeline that carries oil from U.S. Gulf of Mexico offshore facilities has halted production at two fields, Exxon Mobil Corp and Royal Dutch Shell said on Monday.Shell said it temporarily halted production on its 100,000-barrel-per…
Exxon Mobil Corp said on Tuesday that production at the Payara project, its third development in Guyana, could be delayed due to delays in government approvals as the company scales back spending elsewhere due to the crude price crash.Payara's…
A vessel carrying Guyana's first-ever shipment of crude set sail on Monday bound for the U.S. Gulf Coast, oil major Exxon Mobil Corp said, marking the tiny South American nation's long-awaited debut as an oil exporter.The Suezmax vessel Yannis P…
Exxon Mobil Corp on Friday reported a 21% drop in quarterly profit, its third period in a row of weaker year-over-year results, as sharply higher oil production was offset by weaker refining and chemicals business.Shares slipped 1.6 percent to $71…
Exxon Mobil Corp has resumed seismic exploration for oil and gas off of the coast of Guyana after halting work in December due to a run-in with the Venezuelan navy, a Guyanese government official said on Tuesday.Vessels have been able to travel unimpeded since the incident…
Exxon Mobil Corp on Thursday outlined a major reorganization of its global exploration businesses aimed at reversing years of weak oil and gas output.Chief Executive Darren Woods, who took over the helm two years ago, has spent billions to buy production…
Production of oil and natural gas at the Russian Pacific island of Sakhalin is expected to decline next year, the local government said in an emailed response to a Reuters query.Sakhalin, which is also famous for producing seafood, derives most…
The sixth time seems to be the charm for Exxon and its partners at the Stabroek block offshore Guyana. The supermajor is celebrating another large find in South American waters, the company announced today (5 January). Stena Carron drillship…
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