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ExxonMobil earns $20.8 billion in 2018

OilNOW -
Exxon Mobil Corporation on Friday announced estimated 2018 earnings of $20.8 billion compared with $19.7 billion a year earlier. The company said that excluding U.S. tax reform and asset impairments, earnings were $21 billion, compared with $15.3 billion in 2017. “Cash...
News

ExxonMobil simplifying upstream activities to realise growth plans

OilNOW -
As it looks to support plans to double operating cash flow and earnings by 2025, Exxon Mobil Corporation on Thursday announced that it will streamline its upstream organization and centralize project delivery across the company. ExxonMobil is leading the charge in Guyana...
News

TechnipFMC awarded EPCI contract for North Sea development

OilNOW -
TechnipFMC has been awarded a substantial integrated Engineering, Procurement, Construction and Installation (iEPCITM) contract for a North Sea development. According to a press release onTuesday, the contract awarded by Lundin Norway covers the delivery and installation of subsea equipment including...
Exploration

Glengorm ‘largest UK gas find since 2008’ – WoodMac

OilNOW -
Oil and gas industry analyst Wood Mackenzie is calling CNOOC’s latest gas discovery at Glengorm the largest UK gas find since 2008 and one that will sustain the industry’s profitability. "At 250 million barrels of oil equivalent (boe), CNOOC Ltd’s...
Exploration

CNOOC Limited makes discovery in UK North Sea

OilNOW -
CNOOC Limited on Monday announced a new discovery on the Glengorm prospect, located in offshore UK Central North Sea. “The Glengorm discovery is located in License P2215 with a water depth of approximately 86 meters. The exploration well Glengorm was...
News

3rd batch of subsea pipes for Liza Phase 1 expected within weeks – Saipem

OilNOW -
The third batch of sub-sea pipes for the Liza Phase 1 Development Project is expected to arrive in Guyana within weeks as work intensifies ahead of first oil in the South American country. Speaking to OilNOW on Thursday at the...
News

US Ambassador frowns on TT’s support for Maduro: Rowley lashes back

OilNOW -
Prime Minister of Trinidad and Tobago Dr Keith Rowley has responded to the United States Ambassador to Trinidad and Tobago Joseph Mondello’s statement against Trinidad and Tobago’s position on Venezuela, according to a news report on CNC3’s website. In a...
Exploration

CNOOC plans 173 new wells in 2019; targets almost 500 million boe

OilNOW -
CNOOC Limited on Wednesday announced that the company's net production target for 2019 is 480 million to 490 million barrels of oil equivalent (BOE), of which, production from China and overseas, accounts for approximately 63% and 37%, respectively. “The Company's...
Exploration

Ramform Tethys among vessels undertaking new ESSO surveys

OilNOW -
On January 12, 2019, ExxonMobil affiliate Esso Exploration and Production Guyana Limited commenced 3D and 4D seismic surveys within the southern portion of the Stabroek Block off the Guyana coast, just weeks after the Venezuelan navy intercepted two contracted...
News

Busy year ahead for ExxonMobil Guyana as country gallops to first oil

OilNOW -
2019 will be a ‘very busy year’ for ExxonMobil in the new South American oil and gas hotspot of Guyana, as exploration activities are ramped up and work intensifies in preparation for first oil by 2020. “We are currently drilling two...
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Latest News

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Saipem targets local content growth in logistics, fabrication for Suriname oil project

PARAMARIBO, SURINAME – Saipem is setting the stage for major local content contributions in Suriname through its work on...

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