U.S.’s oil supermajor ExxonMobil and the government of Ghana signed last week an agreement for the acquisition of exploration and production rights for the Deepwater Cape Three Points (DWCTP) block, Kallanish Energy reports.
ExxonMobil Upstream Research Co. has announced that it has signed a three-year joint development agreement with MagnaBond LLC to develop new well integrity technologies, Kallanish Energy reports. The project, if successful, could impact well construction and especially well decommissioning.
U.S. oil supermajor ExxonMobil announced on Tuesday it encountered hydrocarbons onshore Papua New Guinea, after drilling the P’nyang South-2 well located in Western Province, southwest of the country, Kallanish Energy reports.
BHP Billiton and ExxonMobil (XOM) will compete for natural gas customers from their joint venture in southern Australia, part of a deal made with the country's antitrust regulator designed to boost competition.
Big Oil’s slump is over, according to Goldman Sachs, as the oil industry’s biggest of the big companies, such as Royal Dutch Shell Plc and ExxonMobil, will have a surplus of cash in 2018, Kallanish Energy learns.
Hedge fund Elliott Management Corp. is readying for its second fight in four years with independent producer Hess Corp., looking to either force CEO John Hess from the company his father founded in 1933, or push him to consider selling all or part of the company.
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.