XOM makes fifth new discovery off Guyana

October 9, 2017 0

U.S. supermajor ExxonMobil has made a fifth new oil discovery offshore Guyana, in South America last week, pointing towards significant hydrocarbon resources, Kallanish Energy reports.

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Brazil’s 14th round fetches record-high bidding

September 29, 2017 0

Brazil’s recent regulatory changes in the oil and gas sector seem to have already come to fruition, as the 14th bidding round helped the country to fetch a record BRL 3.8 billion ($1.19 billion) on Wednesday, Kallanish Energy reports.

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Gazprom overtakes XOM as world’s No. 1 energy firm

September 27, 2017 0

Russian gas giant Gazprom has broken Exxon Mobil’s 12-year reign as No 1 global energy company in the annual Top 250 ranking published by S&P Global Platts, a change described as “most profound” in the rankings history.

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Big Oil grows greener by cutting emissions

September 20, 2017 0

The five biggest oil companies, including ExxonMobil, Royal Dutch Shell, Chevron, BP Plc and Total SA, collectively cut their emissions by an average of 13% between 2010 and 2015, according to a Bloomberg New Energy Finance (BNEF) report released Monday.

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Petronet-XOM deal may spur more LNG renegotiations

September 13, 2017 0

The recent renegotiation of a 20-year liquefied natural gas (LNG) contract between buyer Petronet LNG and supplier ExxonMobil, opened precedent in the Asia-Pacific (APAC) market and may create pressure for other renegotiations, Fitch Ratings said on Tuesday.

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