ExxonMobil announced today its development of cMISTTM technology, which dehydrates natural gas using a patented absorption system inside pipes and replaces the need for conventional dehydration tower technology. This “in-line” technology could be deployed at both land-based and offshore natural gas production operations. The new technology, developed and extensively field-tested by ExxonMobil, more efficiently [...]
The board of directors of Exxon Mobil Corporation (NYSE:XOM) has reached an agreement with Rex W. Tillerson, former chairman and chief executive officer, to sever all ties with the company to comply with conflict-of-interest requirements associated with his nomination as secretary of state. Under the agreement developed in consultation with federal ethics regulators, if Tillerson is confirmed as secretary of state, the [...]
Exxon Mobil Corporation (NYSE:XOM) today announced a new natural gas discovery in the Papua New Guinea North Highlands, 13 miles (21 kilometers) northwest of the Hides Gas Field. Interest owners are ExxonMobil (42.5 percent), Oil Search Limited (37.5 percent) and Barracuda Limited, a subsidiary of Santos Ltd. (20 percent, subject to regulatory approval), with Oil Search as operator. The Muruk-1 well encountered similar [...]
ExxonMobil subsidiary, Esso Exploration and Production Guyana Limited (EEPGL), today announced that it has awarded contracts to SBM Offshore for a floating production, storage and offloading (FPSO) vessel, a key step in moving the Liza field toward first production. Under the contracts, SBM Offshore will perform front end engineering and design for the FPSO, and, subject to a final investment decision on the project in [...]
Kahn Swick & Foti, LLC (“KSF”) and KSF partner, the former Attorney General of Louisiana, Charles C. Foti, Jr., remind investors that they have until January 6, 2017 to file lead plaintiff applications in a securities class action lawsuit against Exxon Mobil Corp. (NYSE: XOM), if they purchased the Company’s securities between February 19, 2016 and October 27, 2016, inclusive (the “Class [...]
Global population growth of nearly 2 billion, a doubling of worldwide economic output and rapid expansion of the middle class in emerging economies are all expected to contribute to energy demand growth of about 25 percent from 2015 to 2040, according to ExxonMobil’s 2017 Outlook for Energy: A View to 2040. Efficiency gains across economies worldwide will play a significant role in limiting the growth in energy [...]
- Independent Transaction Committee Unanimously Recommends and Board approves ExxonMobil Transaction - InterOil Enters into Amended and Restated Arrangement Agreement with ExxonMobil - Company Expects to Mail Revised MIC in Mid-January 2017 - New Record Date Set for January 10, 2017 for Shareholder Meeting Anticipated in Mid-February 2017 - New Outside Date Set for March 31, 2017 SINGAPORE and PORT MORESBY, Papua New [...]
Rex W. Tillerson, chairman and chief executive officer of Exxon Mobil Corporation (NYSE:XOM), has announced his intention to retire at year-end after more than 41 years of service. Darren W. Woods, currently president of Exxon Mobil Corp., has been elected chairman and chief executive officer by the board of directors effective Jan. 1, 2017. The board of directors congratulated Tillerson on his nomination for the position [...]
InterOil and ExxonMobil agree to extend outside date SINGAPORE and PORT MORESBY, Papua New Guinea, Dec. 13, 2016 /PRNewswire/ -- InterOil Corp. (NYSE: IOC, POMSox: IOC) today provided an update on the transaction with Exxon Mobil Corp. (NYSE: XOM). Following the previously announced decision by the Court of Appeal of Yukon to allow an appeal lodged by Phil Mulacek, InterOil's Independent Transaction Committee ("the [...]
Tom Walters, president, ExxonMobil Production Company, has announced his intention to retire after more than 38 years of service. Neil Duffin, currently president of ExxonMobil Development Company, has been appointed by the Exxon Mobil Corporation (NYSE:XOM) board of directors to be president of ExxonMobil Production Company and elected to be a vice president of the corporation. Liam Mallon, currently executive vice [...]
Rex W. Tillerson, chairman and chief executive officer of Exxon Mobil Corporation (NYSE:XOM), today presented The Gatehouse with the company’s annual holiday gift of $50,000, advancing the non-profit agency’s mission of providing housing and support for women and children to build new lives. This Smart News Release features multimedia. View the full release here [...]
ExxonMobil announced today plans to add a new production unit at its Beaumont polyethylene plant that will increase capacity by 65 percent – or approximately 650,000 tonnes per year -- to meet growing demand for high performance plastics. This Smart News Release features multimedia. View the full release here: http://www.businesswire.com/news/home/20161114005833/en/ As the U.S. continues to produce abundant [...]
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