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Tag: Exxon

Will Exxon Sell Iraq Field Stake to Chinese Firms?

China’s oil giants China National Petroleum Corp. and CNOOC Ltd. are considering acquiring Exxon Mobil Corp.’s remaining stake in an oil field in Iraq, which…

Exxon’s Deepest Guyana Oil Well Disappoints

After a series of major oil discoveries offshore Guyana, ExxonMobil and partners found that the deepest well drilled so far offshore the Latin American country…

With little left to cut, oil majors must wait for a recovery

It was Andrew Swiger, the chief financial officer at Exxon Mobil Corp., who summarized the attitude of the whole industry after Big Oil ended reporting…

Exxon posts deepest-ever loss as Covid-19 destroys global oil demand

Exxon Mobil posted its worst loss in its modern history after the pandemic slammed headlong into a global crude glut to savage almost every part…

Exxon resumes drilling offshore Guyana amid travel bans and political drama

Exxon Mobil resumed drilling in Guyana last month, underscoring its dedication to the offshore hotspot despite the oil price crash and a messy turn in…

Exxon Prepares To Unload North Sea Assets

ExxonMobil is considering moving forward with its sale of some North Sea assets after months of delays, industry and banking sources told Reuters on Thursday….

SOFAZ received the first bonus payment from Azeri-Chirag-Gunashli Agreement

The State Oil Fund of the Republic of Azerbaijan (SOFAZ) received the first bonus payment in the amount of USD 450 million from the new…

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