US-based Atlantic Towing has selected newly-designed, ice-strengthened PSV 5000 vessels from Damen Shipyards Group for its 10-year offshore support contract with ExxonMobil Canada Properties and Hibernia Management and Development Company.&nbs
ExxonMobil Corporation will invest $1 billion in its 320,000 bpd Antwerp refinery, the company said, even as many firms pull back from a European industry hammered by low refining margins.
ExxonMobil said it would install a new un
PetroChina has bought a 25 percent stake in the West Qurna-1 oilfield project from Exxon Mobil, strengthening China's hold on Iraq's energy resources.
China is already the top foreign player in Iraq's oilfields, which
China's biggest energy firm PetroChina will join Exxon Mobil in developing Iraq's giant West Qurna oilfield and is in talks with Russia's Lukoil to buy into a second project at the field, industry sources said.
A US appeals court on Friday upheld a ruling against Exxon Mobil Corp ordering the company to pay $105 million in damages for polluting New York City's groundwater with a toxic gasoline additive.
The US Second Circuit Court of
South Sudan plans to sell 6.4 million barrels of oil worth $300 million before shutting down its entire production by the end of July due to a row over its alleged support for rebels in neighbouring Sudan, its oil minister said on Saturday.
Exxon Mobil and Qatar Petroleum have announced an agreement to ship liquefied natural gas to Britain from their proposed export plant in the US, offering another supply stream to the island nation as domestic output dwindles.
Qatar Petroleum International and Exxon Mobil Corp have signed a memorandum of understanding to assess jointly unconventional gas resources in North America and global opportunities in liquefied natural gas (LNG).
Exxon Mobil is in negotiations to sell 5 percent of its stake in Iraq's West Qurna-1 oilfield to Abu Dhabi's state-run investment fund Mubadala, part of the US major's moves to reduce its exposure there, Iraqi oil o