Nigeria oil reform saga

Tuesday, February 23rd, 2010

Oil industry analysts warn the bill before lawmakers would cut drastically into company profits and ruin the business climate. Nigeria's proposed oil industry reforms could drive away $50 billion in investment ...


Schlumberger Appoints Chief Operating Officer

Tuesday, February 9th, 2010

Schlumberger (NYSE:SLB) announced today that its Board of Directors has appointed Paal Kibsgaard Chief Operating Officer of Schlumberger Limited effective immediately. Reporting to Andrew Gould, Chairman and Chief Executive Officer, ...


ExxonMobil Reaches Target Depth at First Point Thomson Well Construction of 60-mile Ice Road Complete

Tuesday, February 9th, 2010

ExxonMobil Production Company announced today that it has successfully drilled and cased PTU-15, the first development well for the Point Thomson project on Alaska’s North Slope. In addition, a 60-mile ...


ExxonMobil, Ashoka’s Changemakers and International Center for Research on Women Launch Women’s Economic Development Challenge

Wednesday, January 27th, 2010

Women | Tools | Technology Challenge focuses on using technology and innovation to economically advance women in developing countries New study, Bridging the Gender Divide in Technology, provides research foundation ...


ExxonMobil Signs Agreement with Iraq to Redevelop and Expand West Qurna-1 Field

Monday, January 25th, 2010

Exxon Mobil Corporation (NYSE:XOM) today announced that its affiliate ExxonMobil Iraq Limited signed an agreement with the Iraq Ministry of Oil to redevelop and expand the West Qurna-1 field in ...


Eni purchases ExxonMobil downstream activities in Austria

Friday, January 22nd, 2010

With this acquisition, Eni will strengthen its existing downstream business in the country, operated through the local Eni affiliate Agip Austria. Eni is pleased to announce it today has signed sale ...


All Viable Energy Sources Needed to Meet Future Energy Demand

Thursday, January 21st, 2010

Global energy demand is expected to be 35 percent higher in 2030 than it was in 2005 Bio-fuel produced from algae could be a meaningful part of the solution Growing algae consume ...


Qatar Petroleum and ExxonMobil Chemical Sign Agreement

Wednesday, January 6th, 2010

Qatar Petroleum and ExxonMobil Chemical Sign Agreement for Petrochemical Complex in Ras Laffan Proposed project includes world's largest steam cracker and specialty polyethylene plants DOHA, QATAR & HOUSTON--(BUSINESS WIRE)--Qatar Petroleum (QP) and ...


ExxonMobil and TRD, U.S.A. Form Technology Partnership

Tuesday, November 17th, 2009

Beginning in 2010, TRD-built NASCAR Engines Will Benefit From Mobil 1 Racing Oil Technology PHOENIX--(BUSINESS WIRE)--Underscoring the performance benefits high-quality motor oil technology can deliver, ExxonMobil and Toyota Racing Development (TRD) ...


ExxonMobil Celebrates China’s Fujian Facility Completion

Wednesday, November 11th, 2009

Ceremony Marks the Full Operation of China’s First Integrated Refining and Petrochemical Complex with Foreign Participation Multibillion dollar complex to help meet China’s growing energy needs Integration ensures competitiveness and world-class performance Cogeneration ...


ExxonMobil Celebrates 15 Years of Operations in Angola

Friday, November 6th, 2009

Total Production Exceeds One Billion Barrels IRVING, Texas--(BUSINESS WIRE)--Exxon Mobil Corporation (NYSE:XOM) affiliate Esso Exploration Angola (Block 15) Limited (Esso Angola) is celebrating 15 years of safe and successful operations in ...


Crude oil for November 2009 delivery rose as much as 64¢, or 0.9%, to $71.52 a barrel in electronic trading on the New York Mercantile Exchange

Wednesday, October 7th, 2009

Concerns over the possibility of losing 16 prolific oil mining leases (OMLs) held for over 40 years by the international oil companies (IOCs) has led to intense lobbying and intrigues ...


Government, Private Sector and Civil Society Leaders Highlight Improving Women’s Economic Opportunities as a Growth Strategy at U.S.-Africa Business Summit

Monday, October 5th, 2009

Women as an Economic Force first-ever session of its kind at The Corporate Council on Africa’s (CCA) U.S.-Africa Business Summit. U.S. and African leaders highlighted economic impediments facing women in Africa ...


ExxonMobil Highlights Natural Gas Leadership at WorldGas 2009 Conference

Monday, October 5th, 2009

BUENOS AIRES, Argentina--(BUSINESS WIRE)--ExxonMobil will demonstrate its leadership across the natural gas value chain at Exhibit Booth H-50 at the WorldGas 2009 Conference from October 5-9, 2009 in Buenos Aires, ...


Chinese seek $50b stake in Nigeria’s oil

Tuesday, September 29th, 2009

A Chinese state-owned oil company is in talks with Nigeria to buy large stakes in some of the world's richest oil blocks in a deal that would eclipse Beijing's previous ...


ExxonMobil Launches Technology Program to Support Women’s Economic Advancement at Clinton Global Initiative

Thursday, September 24th, 2009

Technologies to Improve Women’s Economic Livelihoods focused on using technology and innovation to help women in developing countries. Program is part of ExxonMobil’s Women’s Economic Opportunity Initiative, launched in 2005. Over ...


ExxonMobil Chemical to Host Tire Symposium 2009 in Chengdu, China

Monday, September 14th, 2009

ExxonMobil Chemical will host Tire Symposium 2009, in Chengdu, China, October 18-20, for companies, organizations and media interested in learning about new tire innerliner technologies and opportunities for the Chinese ...


Oil News from around the web, Crude oil for October delivery was at $71.16 a barrel; Taqa announce two new oil finds ;CNPC is in talks to buy 75% of Spanish oil giant Repsol

Wednesday, September 9th, 2009

Crude oil for October delivery was at $71.16 a barrel, up $0.06 in electronic trading on the New York Mercantile Exchange at 2.55pm in Singapore. Yesterday, the contract rose $3.08, ...


ExxonMobil Progresses Point Thomson Project Development

Wednesday, September 9th, 2009

ANCHORAGE, Alaska--(BUSINESS WIRE)--ExxonMobil Production Company announced today that it has completed drilling and casing the surface section on the second well at Point Thomson. The well reached its target surface-section ...


ExxonMobil Announces First LNG Cargo at Adriatic Terminal

Tuesday, August 18th, 2009

World’s first offshore Gravity Based Structure LNG regasification terminal will have capacity to deliver 775 million cubic feet of natural gas per day. Adriatic LNG Terminal can supply approximately 10 percent ...


Oil News from around the web, Crude oil for September 2009 delivery traded at $66.61 a barrel on the New York Mercantile Exchange ;London Brent traded at $69.88 a barrel on London’s ICE Futures Europe exchange ; BG Group is pulling some funding out of Nigeria

Friday, July 31st, 2009

Oil major Royal Dutch Shell posted a 70% fall in second quarter net profit, as oil prices and refining margins tumbled, but gains in foreign exchange has helped the company ...


ExxonMobil Commences Drilling Libya’s First Deepwater Well

Thursday, July 16th, 2009

ExxonMobil Exploration Company announced today that its affiliate, ExxonMobil Libya Limited, has started drilling the first deepwater exploration well in Libya. The A1-20/3 well is being drilled in Contract Area ...


ExxonMobil to Launch Biofuels Program

Tuesday, July 14th, 2009

Focus is on Development of Advanced Biofuels from Photosynthetic Algae Alliance Developed with Leading Genomics Innovator, Synthetic Genomics Inc. IRVING, Texas--(BUSINESS WIRE)--Exxon Mobil Corporation (NYSE: XOM) announced today an alliance with leading ...


ExxonMobil Unveils No. 77 Mobil 1 Advanced Fuel Economy Dodge

Wednesday, July 8th, 2009

In Advance of LifeLock.com 400, Mobil 1 Advanced Fuel Economy NASCAR Challenge Kicks Off Driving $marter Weekend FAIRFAX, Va.--(BUSINESS WIRE)--Penske Racing driver Sam Hornish Jr. will drive a special No. 77 ...


ExxonMobil Expands Natural Gas Processing Capacity in Piceance Basin

Tuesday, June 23rd, 2009

Facilities in place to steadily increase supplies to U.S. markets Drilling technology, best practices produce more gas more efficiently HOUSTON--(BUSINESS WIRE)--ExxonMobil Production Company announced today the completion of new field processing capacity ...


History of Groningen Field Provides Valuable Lessons, Says Tillerson

Tuesday, June 16th, 2009

Tillerson outlines need for cooperation, long-term thinking and technology innovation to meet increasing energy demand while reducing emissions ExxonMobil CEO gives speech at Groningen 50th anniversary celebration Europe’s largest natural gas field ...


ExxonMobil and Vital Voices Launch Africa Businesswomen’s Network at World Economic Forum on Africa

Wednesday, June 10th, 2009

Africa Businesswomen’s Network (ABWN) launched at the World Economic Forum on Africa ABWN will build and support a network of businesswomen’s organizations in Sub-Saharan Africa Network hubs underway in Cameroon, Ghana, Kenya, ...


Oil News from around the web, US light sweet crude hit $70.32 per barrel $69.21 before sliding to $68.75. London Brent was at $68.60 a barrel

Tuesday, June 9th, 2009

)))The Petroleo Brasileiro consortium, in which Petrobas holds a 65% operating stake, has confirmed the potential for 5-8 billion barrels of recoverable light oil and natural gas in the pre-salt ...


ExxonMobil Announces Agreement with Saudi International Petrochemical Company to License ExxonMobil’s Tubular High Pressure Low Density Polyethylene Process (HPPE) Technology

Thursday, May 28th, 2009

HOUSTON--(BUSINESS WIRE)--ExxonMobil Chemical Technology Licensing, LLC today announced it has signed an agreement with Saudi International Petrochemical Company (Sipchem) to license ExxonMobil's tubular high pressure low density polyethylene process (HPPE) ...


Financial Strength and Long-Term Investment Strategy Builds Value for ExxonMobil Investors

Thursday, May 28th, 2009

Millions of Shareholders Benefit from ExxonMobil’s Disciplined Approach and Consistent Performance ExxonMobil generates industry leading returns in 2008. Company completes start-ups of at 8 major projects which add 260,000 oil equivalent barrels ...


ExxonMobil Increases Butyl Rubber Capacity at Kawasaki Plant

Wednesday, May 20th, 2009

TOKYO--(BUSINESS WIRE)--ExxonMobil Chemical’s affiliate ExxonMobil Yugen Kaisha (EMYK) announced today that Japan Butyl Co. Ltd. will increase its butyl rubber production capacity by 18,000 tons per year at the Kawasaki ...


ExxonMobil Chemical to Display Vast Portfolio of Products and Technology Capabilities at ChinaPlas 2009

Thursday, May 14th, 2009

Product categories vary from consumer and industrial packaging to consumer, health and automotive applications GUANGZHOU, China--(BUSINESS WIRE)--ExxonMobil Chemical will showcase its broad product portfolio at Booth D41 in Hall 10.2 at ...


ExxonMobil Chemical Announces New Developmental Grades of Battery Separator Film for Safer Lithium-Ion Batteries

Monday, May 11th, 2009

HOUSTON--(BUSINESS WIRE)--ExxonMobil Chemical continues to extend its technology leadership with the development of two new grades of V series co-extruded battery separator films. These new developmental grades will help make ...


ExxonMobil Breaks Ground on Technology Center in China

Friday, May 8th, 2009

Groundbreaking ceremony held to mark the start of construction of ExxonMobil Chemical’s Technology Center in Shanghai The center represents an important part of ExxonMobil’s continued business growth in China and will ...


ExxonMobil Annual Meeting of Shareholders Wednesday, May 27, 2009

Wednesday, May 6th, 2009

IRVING, Texas--(BUSINESS WIRE)--ExxonMobil is holding its annual meeting of shareholders on Wednesday, May 27, 2009. Media access will be provided to authorized representatives of commercial news organizations who pre-register by ...