Exxon Mobil Corp.

ExxonMobil and Eni said today that marketing efforts are underway for the Rovuma LNG project, which will produce, liquefy and sell natural gas from the gas fields of the Area 4 block offshore Mozambique. Senior management representatives of the co-venture parties met today during World Gas Conference in Washington, D.C. to affirm marketing progress. “The key strength of Area 4 is the quality of the co-venture [...]

ExxonMobil subsidiary XTO Energy Inc. today said it has reduced methane emissions from its operations by 9 percent since 2016, demonstrating significant progress in its methane emissions reduction program and other initiatives. Of that amount, a reduction of close to 4 percent, or more than 7,200 metric tons of methane, was achieved through XTO’s voluntary program and other operational improvements, XTO President [...]

ExxonMobil said today it has started production of hydrogenated hydrocarbon resin and halobutyl rubber at its integrated manufacturing complex in Singapore, the company’s largest integrated refining and petrochemical complex in the world. “These new plants enhance the competitiveness and strategic importance of ExxonMobil’s integrated manufacturing facility in Singapore, and are part of the [...]

Exxon Mobil Corporation said today it made its eighth oil discovery offshore Guyana at the Longtail-1 well, creating the potential for additional resource development in the southeast area of the Stabroek Block. ExxonMobil encountered approximately 256 feet of high-quality, oil-bearing sandstone reservoir. The well was safely drilled to 18,057 feet depth in 6,365 feet of water. The Stena Carron drillship commenced [...]

The Liza Phase 1 development continues to rapidly progress, with the commencement of development drilling offshore Guyana, ExxonMobil said today. Development drilling began in May for the first of 17 wells planned for Phase 1, laying the foundation for production startup in 2020. The company and its co-venturers have so far discovered estimated recoverable resources of more than 3.2 billion oil-equivalent barrels on the [...]

Michael J. Dolan, senior vice president of Exxon Mobil Corporation , has announced his intention to retire, effective Aug. 1, 2018, after 38 years of service. Dolan was elected to his current position as senior vice president and a member of the corporation's Management Committee in 2008. Dolan held a variety of technical and managerial positions in the company’s global petroleum refining and petrochemical [...]

Exxon Mobil Corporation said today that Malcolm Farrant, vice president of human resources, has elected to retire after 35 years of service. The board of directors has elected Tracey Gunnlaugsson, president of SeaRiver Maritime Inc., as vice president of human resources, effective August 1, 2018. Farrant, a native of the U.K., joined Mobil Corporation in 1983 after receiving a bachelor’s degree in chemistry from [...]

ExxonMobil has increased its holdings in Brazil’s pre-salt basins after winning the Uirapuru exploration block with co-venturers Equinor and Petrogal Brasil during Brazil’s 4th pre-salt bid round. The block awarded adds about 88,900 net acres to the ExxonMobil portfolio, expanding the company’s total position in the country to more than 2.2 million net acres. “Uirapuru is a uniquely valuable block [...]

ExxonMobil said today it has completed the purchase of half of Equinor’s interest in the BM-S-8 block offshore Brazil, which contains part of the 2-billion-barrel, pre-salt Carcara oil field. “The Carcara oil field is an excellent example of the quality resources to be found offshore Brazil,” said Brad Corson, president of ExxonMobil Upstream Ventures. “We’ll be working with our partners to [...]

Swank Capital, LLC, and Cushing® Asset Management, LP, announce today an upcoming interim rebalancing of The Cushing® Energy Supply Chain Index . Per the Index's methodology guide, the removal of an Index constituent from a Sub-Index without a named direct replacement necessitates the rebalancing of the Index. On June 4, 2018, S&P Dow Jones Indices announced that Index constituent Monsanto Company will be removed [...]