KEY POINTS The Federal Government has praised ExxonMobil Nigeria for investing over $3.5 billion in the country’s oil and gas sector, describing the move as a strong signal of renewed …
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ExxonMobil
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In the NewsMarketsOil & Gas
ExxonMobil Faces Output Pressure as Middle East Tensions Disrupt Key Production Hubs
KEY POINTS ExxonMobil is bracing for a noticeable decline in its oil and gas output as escalating tensions in the Middle East continue to disrupt operations across the region. The …
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KEY POINTS ExxonMobil is considering an $8 billion investment in Nigeria’s Owowo deepwater field, with a Final Investment Decision (FID) targeted by 2027, as the company renews its commitment to …
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In the NewsOil & Gas
ExxonMobil Pioneers Fully Automated Offshore Drilling in Guyana, Redefining Future Project Economics
KEY POINTS ExxonMobil (NYSE:XOM) has achieved what industry insiders are calling the world’s first fully automated offshore well placement in Guyana, in collaboration with Halliburton and other partners. The project …
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In the NewsMarketsOil & Gas
Seplat Revives 49 Dormant ExxonMobil Wells, Targets 50 More to Boost Nigeria’s Oil Output
KEY POINTS Seplat Energy Plc has restarted production from 49 dormant oil wells acquired from ExxonMobil, unlocking fresh output and signalling a new phase of growth for the Nigerian independent …
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KEY POINTS Mozambique is rapidly strengthening its position as one of Africa’s most important natural gas producers following the revival of massive liquefied natural gas, LNG, projects on the Afungi …
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In the NewsOil & Gas
ExxonMobil’s Canje Block Licence Nears Expiry as Guyana Opens Door for New Exploration
The exploration licence held by ExxonMobil for the Canje offshore block is set to expire on March 4, 2026, according to officials from the Ministry of Natural Resources in Guyana, …
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In the NewsOil & Gas
ExxonMobil Ties Guyana Gas Investments to Faster Approvals, Stronger Regulatory System
KEY POINTS A senior executive of ExxonMobil says the pace of future investment in Guyana’s natural gas sector will depend largely on how efficiently government bureaucracy functions and whether a …
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In the NewsOil & Gas
ExxonMobil Launches Third Plastic Recycling Unit at Baytown Refinery to Boost Global Sustainability Push
KEY POINTS ExxonMobil has commissioned a third advanced plastics-recycling unit at its Baytown refinery complex, marking a major expansion of its waste-processing capabilities. The new unit increases the site’s ability …
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KEY POINTS SBM Offshore, a Netherlands-based deepwater ocean-infrastructure company, has sold its largest Guyana-operated floating production storage and offloading vessel (FPSO), FPSO ONE GUYANA, to ExxonMobil Guyana Ltd for US$2.32 …