Statoil and co-venturer ExxonMobil announced their third high impact discovery in Block 2 offshore Tanzania in a year. The discovery of 4-6 TCF of natural gas in place in the Tangawizi-1 well brings the total in-place volumes up to 15-17 TCF. “The success in Block 2 is the result of an ambitious and successful drilling [...]
March 18, 2013 | Posted in
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ExxonMobil Exploration and Production Malaysia, a subsidiary of Exxon Mobil Corporation, began natural gas production from the Telok field, located offshore Malaysia in the South China Sea. The Telok A platform marks the first phase of the Telok gas development project and was developed under a gas production sharing contract between ExxonMobil, as the operator, [...]
Exxon Mobil Corporation anticipates major project start-ups will deliver 1 million oil-equivalent barrels over the next five years, Rex W. Tillerson, chairman and chief executive officer, said at the New York Stock Exchange. Production of crude oil and other liquids is expected to increase by an average of four percent per year between 2013 and [...]
Exxon Mobil announced that its board of directors is expected to appoint T.R. (Tom) Walters as president of ExxonMobil Production Company and R.S. (Rob) Franklin as president of ExxonMobil Gas & Power Marketing Company, effective March 1. Walters, currently president of ExxonMobil Gas & Power Marketing Company and a vice president of the corporation, succeeds [...]
Rosneft and ExxonMobil have agreed to expand their cooperation under their 2011 Strategic Cooperation Agreement to include an additional approximately 600,000 square kilometers (150 million acres) of exploration acreage in the Russian Arctic and potential participation by Rosneft (or its affiliate) in the Point Thomson project in Alaska. They have also agreed to conduct a [...]
CBM Asia Development said that it has signed a joint venture agreement with ExxonMobil to farm into four existing coalbed methane production sharing contracts (PSC) in the Barito Basin, South Kalimantan, Indonesia and acquire rights to farm into certain additional PSCs in the Kutai Basin, East Kalimantan. CBM Asia and ExxonMobil would hold equal ownership [...]
Exxon Mobil said that its affiliate, ExxonMobil Exploration and Production South Africa Limited, will soon begin exploration activities offshore South Africa. The ExxonMobil affiliate signed an agreement with Impact Africa Limited, a subsidiary of Impact Oil & Gas Limited, to acquire a 75 percent participating interest in the Tugela South Exploration Right and will become [...]
The global energy landscape will evolve significantly as regional demand-and-supply patterns shift in the coming decades, creating new opportunities for international trade and economic growth, says ExxonMobil’s Outlook for Energy: A View to 2040, which was released today. “Energy is fundamental to our way of life and essential to grow our economy,” said Rex W. [...]
Donald D. Humphreys, 64, senior vice president and principal financial officer of Exxon Mobil Corporation, has announced his intention to retire on February 1, 2013, after more than 36 years of service. Mr. Humphreys has been a member of the corporation’s management committee since January 2006. In addition to his financial management role, he has [...]
CBM Asia Development Corp. announced that it is in negotiations with ExxonMobil to farm into three existing coalbed methane production sharing contracts (PSC) in the Barito Basin, South Kalimantan, Indonesia and acquire rights to farm into certain additional PSCs in the Kutai Basin, East Kalimantan. CBM Asia and ExxonMobil would hold equal ownership interest in [...]
