According to sources familiar with Exxon Mobil Corp’s operations, the oil giant has restarted it’s small crude distillation unit (CDU) and gasoline-producing fludic catalytic cracker (FCC) at its 369,024 barrel-per-day (bpd) Beaumont, Texas, refinery. The 110,000-bpd Crude A CDU and… Read More ›
On Tuesday, in a statement the BHP Group said, it plans on selling its stake in the Australian Bass Strait’s oil and gas assets, as it attempts to increase its focus on higher value petroleum assets. The Bass Strait joint… Read More ›
The three blocks are located in the Malvinas basin, about 200 miles (320 kms) offshore Tierra del Fuego. U.S. oil giant Exxon Mobil Corp stated, its unit and an affiliate of Qatar Petroleum had won three exploration blocks offshore Argentina…. Read More ›
Two group of investors, who have a combined total of $1.9 trillion assets under management are pushing Exxon Mobil Corp to address significant climate risk concerns. According to two groups of investors, Exxon Mobil Corp is attempting to block an… Read More ›
The development assumes strategic importance for primarily two reasons, 1) an alternative to Russian energy supplies and 2) LNG is set to dominate the fossil fuel market in the near future and and companies are racing to get a dominant… Read More ›
Cities across the U.S. as well as countries are suing oil companies for misleading investors for years on the risks posed by climate change on their businesses. The state of New York has sued Exxon Mobil Corp alleging that it… Read More ›
In an interesting turn of events U.S. District Judge Valerie Caproni dismissed Exxon Mobil Corp’s lawsuit against the Attorney General of NY and Massachusetts on the grounds of Exxon’s arguments being “implausible”. In a setback to U.S oil giant Exxon… Read More ›
With comparatively higher cash reserves, Hess has come under renewed investor pressure to deliver better return to its shareholders. With activist hedge fund Elliott Management Corp calling the performance of oil and gas producer Hess Corp as “continuing underperformance”, it… Read More ›
Its new business model involves the company in decision making capacptity throughout the oilfield management supply chain, thus sparking interest in its rivals who are wondering whether to follow suit. In a significant development, Schlumberger NV, the world’s largest oilfield… Read More ›
The deal places the combined company ahead of Exxon Mobil Corp. On Monday, EQT Corp, a U.S. oil and gas company disclosed it would be acquiring its peer, Rice Energy for $6.7 billion and create the biggest natural gas producer… Read More ›
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