Search result for ExxonMobil
Lotte Chemical, an ambitious South Korean company, is counting on mergers and acquisitions to help them expand during the coronavirus outbreak.
Lotte Group chairman Shin Dong-bin had been pursuing an ambitious plan to triple the conglomerate's revenue from its chemicals business over a 10-year period, putting it in competition with the likes of Dow and ExxonMobil Chemical, after years of turmoil punctuated by a family feud and a brie...
ExxonMobil has more ambitions. GBJV deactivation in Australia
ExxonMobil has filed plans to decommission its steel stacked jacket producing platforms, which cover about 10 fields, at its Gippsland Basin joint venture (GBJV), an offshore oil and gas production partnership, starting in 2027.
According to ExxonMobil's env...
As revenues grow, ExxonMobil and Chevron pour cash at investors
Both corporations have avoided having to boost their capital investment to fund drilling and development.
Despite reduced oil and natural gas volumes, ExxonMobil and Chevron declared record earnings on Friday, returning billions of dollars to shareholders following record crude prices a...
ExxonMobil begins preliminary feasibility studies for a carbon capture and storage centre in Southeast Australia
The business will almost certainly solicit bids for EPC contracts for the project.
ExxonMobil is doing preliminary front-end engineering design studies for a prospective carbon capture and storage centre in Southeast Australia's Gippsland region, with a call for bids on the way.
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ExxonMobil Pledges for Net-zero Gas Emissions by 2050
The US Oil and Gas giant, Exxon Mobil has finally committed to reducing greenhouse gas emissions and meeting the net-zero emissions targets by 2050.
The company has designed a roadmap for its key facilities and assets in detail to ensure a cleaner environment.
The Chief Execut...
ExxonMobil Increasing Oil and Gas Projects in Singapore
Last week, oil and gas company, ExxonMobil, announced that it was adding two more discoveries of oil and gas to the Stabroek block.
The energy major has said that the first well, the Fangtooth-1, was drilled in 6,030 feet of the sea and had found 164 feet of sandstone reservoirs that bo...
ESG Investor Group Again Slam Exxon for Meeting Emissions Goals by 2025
A group called Coalition for a Responsible Exxon (CURE) of the ESG Investor Groups attack ExxonMobil for not doing its best to meet the target of reduced emissions by 2025 whereas the company has already adopted a plan to do so.
ExxonMobil invested 15 billion dollars in green initiative...
EXXON MOBIL CORP TO REDUCE NEARLY 300 JOBS IN CANADA
Highlights
• Exxon Mobil Corp said these reductions will be inclusive of positions at Imperial Oil Ltd, ExxonMobil Canada Ltd and ExxonMobil Business Centre Canada ULC
• Another oil company in Canada Suncor Energy last month said it has decided to cut down its workfo...
THE U.S. APPROVES $1.5 BILLION POLITICAL RISK INSURANCE FOR MOZAMBIQUE GAS PROJECT
Highlights
• According to the statement issued by the embassy, the United States International Development Finance Corporation (DFC) has decided to provide up to $1.5 billion in political risk insurance to support the commercialization of natural gas reserves in Rovuma basin in Moz...
RELIANCE: WORLD’S NEW SECOND MOST VALUABLE ENERGY COMPANY
After jumping to the 46th spot in the list of world’s most valuable companies thanks to its market capitalisation of more than Rs 14 lakh crore, Reliance Industries Limited has now displaced ExxonMobil to become the world’s second most valuable energy company.
Few days ba...
New software for petrochemical
You could get an executive into the virtual reality headset; they are able to see the complete angle of what is possible.
The startups will permit Exxonmobil to simulate emergency conditions, amongst other scenarios, to position personnel through the muscle memory of tasks inside a plan...