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Oil Price
Oil Majors Are Preparing For $10 Oil
The wave of oil industry spending cuts continues, with the majors now announcing significant reductions to spending as oil remains stuck in the $20s.
Oil & Gas Trade
Papua New Guinea LNG Sells Cargo at $4/MmBtu
ExxonMobil sold a shipment of liquefied natural gas in April for nearly $4 per million British thermal units.
Oil Price
Exxon To Slash Spending As Oil Price Collapse Continues
Exxon has become the latest U.S. oil company to announce plans for spending cuts amid the coronavirus outbreak that caused a price slide significantly aggravate…
Oil&Gas Drilling
Shell and ExxonMobil Plan for Exploration of Blocks Offshore Somalia
The Ministry of Petroleum and Mineral Resources of Somalia has agreed on an initial roadmap with the Shell/ExxonMobil joint venture focused on the next steps to…
Crude
Guyana to Export Its First Share of Oil in Coming Days: Official
Guyana is getting ready to export in the coming days the first cargo of Liza crude entitled to the government as share of the oil produced by a consortium led b…
LNG
Exxon and Papua New Guinea should Return to LNG Negotiating Table
Exxon Mobil Corp and the Papua New Guinea government must return to the negotiating table so that a $13 billion expansion of gas production can proceed, the hea…
Oil & Gas Trade
ExxonMobil Exports Second Crude Cargo from Guyana
Guyana’s second crude oil shipment left ExxonMobil’s Liza Destiny platform Wednesday and is heading to Panama.
Oil & Gas Trade
PNG Government Walks Away from Gas Talks with Exxon
According to Reuters, the government of Papua New Guinea (PNG) has ended talks with Exxon Mobil Corp. regarding a key gas project, putting plans to double gas e…
Oil&Gas Drilling
Exxon Signs Deals With Egypt For Oil, Gas Exploration in East Mediterranean
Exxon Mobil and Egypt have signed two oil and gas exploration deals in the Eastern Mediterranean, the Egyptian Ministry of Petroleum said on Tuesday, weeks afte…
Crude
Guyana celebrates first oil
THE Yannis P, a Marshall Islands-registered crude oil tanker will this weekend lift the first one million barrels of crude from the Stabroek Block offshore Guya…
Crude
Guyanese Lab Tech was First to Test Guyana’s First Oil
The ExxonMobil company has announced that Guyanese laboratory technician, Shivnarine Outar was the first person to test the first sample of Guyanese crude oil a…
Iran, Iraq and Suleimani: How Will Things Play Out for Energy Markets?
It’s winter in Baghdad, but the US killing of Iranian major general Qassem Suleimani and Iraqi militia leader Abu Mahdi Al Muhandis has raised the already heat…
Exxon Well Blast Caused Huge Methane Leak in Ohio
An Exxon Mobil Corp. natural gas well in Ohio released more methane into the atmosphere during a blowout in 2018 than some countries do in a year, according to …
Exxon and Chevron Targeted by Climate-Activist Shareholder Group
The Dutch activist fund that has filed shareholder resolutions pressuring major oil companies in Europe to take action on climate change has set its sights on t…
28 Years Ago, Big Oil Predicted Carbon Tax was Necessary to Stop Global Warming
As far back as 1991, the Canadian arm of Exxon Mobil Corp.’s empire anticipated that a high tax on carbon emissions would be necessary to maintain a stable cli…
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