ExxonMobil has received consent to use six new subsea wells on the Balder field. ExxonMobil is the operator on the Balder field, located in the central part of the North Sea, approx. 190 km west of Stavanger. The field is developed with subsea wells that are tied in to the Balder FPU mobile living quarters [...]
ExxonMobil Exploration and Production Malaysia Inc. (EMEPMI) recently presented awards to its employees and contractors in recognition of their safety excellence during 2012. “Safety is a value that governs everything we do — from our planning and facility construction, to our drills and emergency response exercises, to the way we operate the business every day. [...]
U.S. oil supermajor, ExxonMobil, today reported its net income for the 1st quarter 2013 of $9,5 billion, which is a 1% or ,in dollars, a $50 million increase when compared to the earnings from the same period in 2012. The company’s Upstream earnings were $7,03 billion in the first quarter of 2013, down $765 million [...]
Statoil and co-venturer ExxonMobil have today announced their third high impact discovery in Block 2 offshore Tanzania in a year. The discovery of 4-6 TCF of natural gas in place in the Tangawizi-1 well brings the total in-place volumes up to 15-17 TCF. “The success in Block 2 is the result of an ambitious and successful [...]
Canadian Overseas Petroleum Limited, and its wholly owned subsidiary, Canadian Overseas Petroleum Bermuda Limited, announce that a Restated and Amended Production Sharing Contract (“PSC”) for Block LB-13 offshore Liberia has been agreed with ExxonMobil Exploration and Production Liberia Limited (”ExxonMobil”) and the National Oil Company of Liberia (“NOCAL”). The President of Liberia, Ellen Johnson Sirleaf, [...]
Rosneft and ExxonMobil have agreed to expand their cooperation under their 2011 Strategic Cooperation Agreement to include an additional approximately 600,000 square kilometers (150 million acres) of exploration acreage in the Russian Arctic and potential participation by Rosneft (or its affiliate) in the Point Thomson project in Alaska. They have also agreed to conduct a [...]
U.S. oil giant ExxonMobil today reported earnings of $9,950 million for 4th quarter 2012, an increase of $550 million or 6% from the fourth quarter of 2011. Full year 2012 earnings were $44.9 billion, up 9% from 2011, with record earnings per share of $9.70. As for capital and exploration expenditures ExxonMobil’S Chairman Rex W. [...]
ExxonMobil Exploration and Production Norway AS (ExxonMobil) has received consent to use West Alpha rig for drilling and completion on the Balder field. The consent relates to use of the West Alpha mobile drilling facility to drill the five wells which are part of production licence 001. Water depth at the site is approximately 125 [...]
Arctic offshore vessel NB-506 Vitus Bering was delivered at Helsinki Shipyard on Friday 21.12.2012 to the client Sovcomflot, the largest shipping corporation in Russia. The vessel will supply the Arkutun-Dagi oil and gas field in Sakhalin area, in Far East Russia on a long term charter with Exxon-Mobil. Vitus Bering is the first vessel of [...]
Statoil today announces that the Lavani-2 exploration and appraisal well has resulted in a new natural gas discovery offshore Tanzania. The Statoil-operated Lavani-2 well successfully appraised the Lavani-1 discovery reservoir in the Palaeogene. When deepening the well to the second target, a separate and significant gas bearing reservoir in the Cretaceous was encountered. Statoil and [...]
