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Papua New Guinea LNG project may be delayed

Rystad Energy estimates that the decision taken by the Papua New Guinea (PNG) to halt the talks with ExxonMobil about the state’s share of revenues from the planned P’nyang gas field development is expected to delay two key LNG projects that would double the country’s gas output.

Somalia greenlights Shell, ExxonMobil offshore exploration

Somalia’s Ministry of Petroleum and Mineral Resources gave the green light to Shell and ExxonMobil to explore and develop potential offshore oil and gas reserves in its territory. According to seismic data there is a possibility of significant oil reserves offshore.

Oil and gas discoveries achieve four-year high during 2019

The world’s oil and gas explorers discovered 12.2 billion barrels of oil equivalent (boe) in 2019, the highest volume since 2015, according to estimates from Rystad Energy. Last year recorded 26 discoveries of over 100 million boe, with offshore regions leading the list of new oil and gas deposits.

ExxonMobil achieves 15th oil discovery offshore Guyana

ExxonMobil stated that it made an oil discovery offshore Guyana at the Mako-1 well southeast of the Liza field, marking the 15th discovery on the Stabroek Block, an addition to the company’s previous estimated recoverable resource of more than 6 billion oil-equivalent barrels on the Stabroek Block.

Extension for offshore blocks in Equatorial Guinea

In fact, ExxonMobil was given more time to “ascertain the full commerciality” of two offshore blocks EG06 and EG-11 by the Equatorial Guinean oil and gas ministry. What is more, the Ministry of Mines and Hydrocarbons of Equatorial Guinea has granted ExxonMobil a six-month extension for the offshore blocks.

ExxonMobil found not guilty for misleading investors charges

The New York State Supreme Court officially announced that ExxonMobil is now clear of the Office Attorney General’s fraud charges in misleading investors about the accounting for the cost of the future climate change regulation. In light of the situation, ExxonMobil issued its response to the Court’s verdict.

New initiative aspires to enhance diversity across the LNG value chain

After noticing a lack of opportunities for women to network with others during industry events, Sarah Louise Howell, Marketing Communications Manager, ExxonMobil LNG and Tracy Lothian, Senior Vice President, Rovuma LNG Marketing, came together to discuss what ExxonMobil could do differently. The end result was the Power Play initiative, which aims to change the way people view diversity in the industry.

Vopak to operate new facility in Texas

The Gulf Coast Growth Ventures (GCGV), the petrochemical joint-venture between American oil major ExxonMobil and SABIC, has selected the Dutch-based tank storage company Royal Vopak to design, build, own and operate a new industrial terminal in Corpus Christi, on the US Gulf Coast.