Tag Archives: Exxon Mobil Corporation

Over the last couple of years. Big Oil has demonstrated more than once that it’s set on becoming more flexible. leaner. and more efficient.

Iraq. OPEC’s second-largest producer. had approached PetroChina and Exxon Mobil about investing in the project.

Latin America'.s active drilling rig count stood at 190 in May. further proof of the upward trend in E&.P investment.

Last week. Exxon won the rights to develop 10 offshore blocks in Brazil.

Shareholders have put pressure on Exxon. the nation'.s largest producer of natural gas. to confront the methane problem.

Behind Gazprom. Germany’s E.ON and India’s Reliance Industries rounded out the top three. followed by South Korea’s Korea Electric Power Corp. and China Petroleum &. Chemical Corp.

Petronet will buy the LNG on delivered basis with a price equivalent to about 12.5 percent of Brent oil prices.

Exxon has been in talks with Russian gas giant Gazprom for years over gas sales from Sakhalin-1.

In the first half of 2017. the ACG field production averaged 585000 bpd from the six platforms.

Recent exploration over the past two years has more than doubled the field’s estimated reserves to about 813 million boe.