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ExxonMobil

  • In the NewsMarketsOil & Gas

    ExxonMobil Faces Output Pressure as Middle East Tensions Disrupt Key Production Hubs

    by Oluwatosin Racheal Alabi April 14, 2026
    by Oluwatosin Racheal Alabi April 14, 2026

    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 …

  • In the NewsOil & Gas

    ExxonMobil Eyes $8bn Owowo Deepwater Project, Extends Erha Contract to 2042

    by Oluwatosin Racheal Alabi April 10, 2026
    by Oluwatosin Racheal Alabi April 10, 2026

    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 …

  • In the NewsOil & Gas

    ExxonMobil Pioneers Fully Automated Offshore Drilling in Guyana, Redefining Future Project Economics

    by Oluwatosin Racheal Alabi March 18, 2026
    by Oluwatosin Racheal Alabi March 18, 2026

    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 …

  • In the NewsMarketsOil & Gas

    Seplat Revives 49 Dormant ExxonMobil Wells, Targets 50 More to Boost Nigeria’s Oil Output

    by Oluwatosin Racheal Alabi March 5, 2026
    by Oluwatosin Racheal Alabi March 5, 2026

    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 …

  • In the NewsOil & Gas

    Mozambique Emerges as LNG Powerhouse With $50 Billion Megaproject Revival

    by Oluwatosin Racheal Alabi February 26, 2026
    by Oluwatosin Racheal Alabi February 26, 2026

    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 …

  • In the NewsOil & Gas

    ExxonMobil’s Canje Block Licence Nears Expiry as Guyana Opens Door for New Exploration

    by Oluwatosin Racheal Alabi February 25, 2026
    by Oluwatosin Racheal Alabi February 25, 2026

    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, …

  • In the NewsOil & Gas

    ExxonMobil Ties Guyana Gas Investments to Faster Approvals, Stronger Regulatory System

    by Oluwatosin Racheal Alabi February 19, 2026
    by Oluwatosin Racheal Alabi February 19, 2026

    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 …

  • In the NewsOil & Gas

    ExxonMobil Launches Third Plastic Recycling Unit at Baytown Refinery to Boost Global Sustainability Push

    by Oluwatosin Racheal Alabi February 16, 2026
    by Oluwatosin Racheal Alabi February 16, 2026

    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 …

  • In the NewsMarketsOil & Gas

    ExxonMobil Acquires FPSO ONE GUYANA from SBM Offshore for $2.32 Billion

    by Oluwatosin Racheal Alabi February 10, 2026
    by Oluwatosin Racheal Alabi February 10, 2026

    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 …

  • In the NewsOil & Gas

    ExxonMobil Launches Appraisal Drilling in Guyana to Expand Oil and Gas Discoveries

    by Oluwatosin Racheal Alabi February 4, 2026
    by Oluwatosin Racheal Alabi February 4, 2026

    KEY POINTS US energy giant ExxonMobil has begun drilling an appraisal well offshore Guyana, aiming to evaluate the potential of a recent major oil and gas find in the Stabroek …

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