ExxonMobil today announced two discoveries at the Sailfin-1 and Yarrow-1 wells in the Stabroek block offshore Guyana, adding to its extensive portfolio of development opportunities. ExxonMobil has made more than 30 discoveries on the block since 2015, and it has ramped up offshore development and production at a pace that far exceeds the industry average. "Our unrivaled exploration success and accelerated pace of [...]
ExxonMobil and its affiliates have reached an agreement with Par Pacific Holdings for the sale of the Billings refinery and select midstream assets in Montana and Washington. The sales agreement includes the Silvertip pipeline, ExxonMobil's interest in the Yellowstone pipeline and Yellowstone Energy LP, and its interests in product terminals in both states. "ExxonMobil is focused on investing in facilities where we can [...]
EnLink Midstream, LLC announced today that it has entered into a transportation service agreement with a subsidiary of ExxonMobil Corporation . Under the terms of the TSA, EnLink will utilize portions of its existing pipeline network, as well as new facilities, to deliver carbon dioxide from the Mississippi River corridor in southeastern Louisiana to ExxonMobil's 125,000-acre CO2 storage location under development in [...]
CF Industries, a leading global manufacturer of hydrogen and nitrogen products, has entered into the largest-of-its-kind commercial agreement with ExxonMobil to capture and permanently store up to 2 million metric tons of CO2 emissions annually from its manufacturing complex in Louisiana. Start-up for the project is scheduled for early 2025 and supports Louisiana's objective of net zero CO2 emissions by 2050. As [...]
ExxonMobil affiliates have signed an agreement to sell all of ExxonMobil's interests in the Aera oil-production operation in California to Green Gate Resources E, LLC, a subsidiary of IKAV. The transaction involves a share sale of Mobil California Exploration & Producing Asset Company. In addition, ExxonMobil affiliates have entered into a separate agreement for the sale of an associated loading facility and pipeline [...]
The Board of Directors of Exxon Mobil Corp. today declared a cash dividend of $0.88 per share on the Common Stock, payable on September 9, 2022 to shareholders of record of Common Stock at the close of business on August 12, 2022. This third quarter dividend is at the same level as the dividend paid in the second quarter of 2022. Through its dividends, the corporation has shared its success with its shareholders for more [...]
ExxonMobil has made two new discoveries offshore Guyana to the southeast of the Liza and Payara developments in the Stabroek block. The discoveries at Seabob and Kiru-Kiru are the sixth and seventh in Guyana this year, with the total number of discoveries in Guyana at more than 25. The Seabob-1 well encountered approximately 131 feet of high-quality hydrocarbon-bearing sandstone and was drilled in 4,660 feet of water by [...]
Exxon Mobil Corp. will release second quarter 2022 financial results on Friday, July 29, 2022. A press release will be issued via Business Wire and available at 5:30 a.m. CT at www.exxonmobil.com. Darren Woods, chairman and chief executive officer; Kathy Mikells, senior vice president and chief financial officer; and Jennifer Driscoll, vice president of investor relations, will review the results during a live [...]
Transaction drives value through significant synergistic opportunities and alignment with BKV's sustainability initiatives outlined in its 2021 report Midstream assets will add additional benefits across the energy value chain BKV Corporation today announced that its subsidiaries have closed on the purchase of natural gas upstream and associated midstream infrastructure in the Barnett Shale region of North Texas from [...]
Permian Highway Pipeline, LLC today announced a final investment decision to proceed with its expansion project after securing binding firm transportation agreements for all available capacity. The project will increase PHP's capacity by approximately 550 million cubic feet per day . The project will involve primarily additional compression on PHP to increase natural gas deliveries from the Waha area to multiple mainline [...]
ExxonMobil said today that its Canadian affiliates, Imperial and ExxonMobil Canada, have entered into an agreement with Whitecap Resources Inc. for the sale of XTO Energy Canada, which is jointly owned by Imperial and ExxonMobil Canada. The sale, for a total cash consideration of about U.S. $1.47 billion, is expected to close before the end of the third quarter, subject to regulatory approvals. The sale completes the [...]
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