On June 27, Greece granted licenses to ExxonMobil as well as Total to search for hydrocarbons off the island of Crete. This move marks the country’s first major attempt into an oil and gas search in the area. The companies have an eight-year research and exploitation license in two offshore blocks, located south and south-west of Crete.
ExxonMobil announced that it made a new oil discovery offshore Guyana at the Yellowtail-1 well, marking the 13th discovery on the Stabroek Block. The discovery complements the previously announced estimated recoverable resource of approximately 5.5 billion oil-equivalent barrels on the Stabroek Block. Yellowtail-1 is the fifth discovery in the Turbot area.
ExxonMobil is discussing to create a platform that would enhance the export reach of Israel’s largest natural gas field. The oil major is negotiating with Israel’s Leviathan reservoir to establish a floating LNG vessel. This project would enable Leviathan to export to countries that cannot be reached with pipelines and avoid building expensive infrastructure to connect to LNG facilities in Egypt.
ExxonMobil along with partner Qatar Petroleum completed their drilling operation of the second exploration well in the Block 10 offshore Cyprus and has made a gas discovery. The Ministry of Energy, Commerce and Industry said the well, named Glaucus-1, had been successfully completed.
A group of major oil and gas companies have joined forces to establish the first industry blockchain consortium in the United States. The move is aligned with the rising interest on blockchain technology for trade industry in recent years.
According to Rystad Energy’s annual exploration review, ExxonMobil is leader of the pack among the top oil and gas explorers of 2018. This is because of its significant investment in Guyana. Rystad Energy looked at the number of exploration wells, net discovered resources and the value creation from wells drilled in new prospects during 2018.
A near miss incident involving a dropped object occurred on ExxonMobil Canada’s Thebaud platform off Nova Scotia, Canada, on 24 January, according to data provided by the Canada-Nova Scotia Offshore Petroleum Board (CNSOPB).
Four major oil and gas firms have proven gas and condensate in the Norwegian Sea Ragnfrid North (6406/2-9 S) exploration well. Norwegian oil major Equinor and compatriot Petoro, US-based giant ExxonMobil and French Total, estimate recoverable resources at 6-25 million barrels of oil equivalent.
ExxonMobil signed an agreement with IBM to promote the potential use of quantum computing in developing next-generation energy and manufacturing technologies. The partnership was announced during the 2019 Consumer Electronics Show in Las Vegas.
The video, published by the American oil major ExxonMobil, depicts life onboard the Hebron oil platform, located off the coast of Newfoundland and Labrador. Hebron is one of the world’s largest offshore platforms, located 1789 miles from Ireland and 211 miles to Newfoundland.
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