ExxonMobil and partner Grupo Orsan intend to open eight Mobil-branded service stations this week in Queretaro as part of the company’s entrance into Mexico’s fuels market, Kallanish Energy reports.
The first crude oil flowed at 11:03 a.m. Monday from the offshore Hebron Field off the coast of Newfoundland in eastern Canada, Kallanish Energy reports. It was a major celebration for ExxonMobil and its partners and completed eight years of work on the $14 billion (Canadian) project.
One of the world’s biggest oil companies is working on hundreds of low-carbon energy projects, from algae engineered to bloom into biofuels and cells that turn emissions into electricity, Bloomberg reports.
Brazil’s 2nd and 3rd production sharing bidding rounds of pre-salt fields generated BRL 6.15 billion ($1.88 billion) in signature bonus to the Brazilian coffers and BRL 760 million ($233 million) in investments.
Texas-based ExxonMobil has announced completion of a $1.3 billion agreement to purchase half of Statoil’s interest in the BM-S-8 block offshore Brazil which contains part of the pre-salt Carcara oil field, Kallanish Energy reports.